There’s a lot to be optimistic about in the Utilities sector as 3 analysts just weighed in on Fluence Energy (FLNC – Research Report), Algonquin Power & Utilities (AQN – Research Report) and Constellation Energy Corporation (CEG – Research Report) with bullish sentiments.
Fluence Energy (FLNC)
In a report released yesterday, Ameet Thakkar from BMO Capital maintained a Buy rating on Fluence Energy, with a price target of $28.00. The company’s shares closed last Friday at $16.73.
According to TipRanks.com, Thakkar is ranked #8179 out of 8844 analysts.
Currently, the analyst consensus on Fluence Energy is a Strong Buy with an average price target of $26.23, implying a 39.0% upside from current levels. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a $33.00 price target.
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Algonquin Power & Utilities (AQN)
In a report released yesterday, Benjamin Pham from BMO Capital maintained a Buy rating on Algonquin Power & Utilities, with a price target of $7.50. The company’s shares closed last Friday at $6.56.
According to TipRanks.com, Pham is a 5-star analyst with an average return of
Currently, the analyst consensus on Algonquin Power & Utilities is a Moderate Buy with an average price target of $6.68, a 3.1% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $8.50 price target.
Constellation Energy Corporation (CEG)
BMO Capital analyst James Thalacker reiterated a Buy rating on Constellation Energy Corporation yesterday and set a price target of $247.00. The company’s shares closed last Friday at $214.93, close to its 52-week high of $220.52.
According to TipRanks.com, Thalacker is a 5-star analyst with an average return of
Currently, the analyst consensus on Constellation Energy Corporation is a Moderate Buy with an average price target of $208.67, implying a -5.4% downside from current levels. In a report issued on May 10, Evercore ISI also maintained a Buy rating on the stock with a $221.00 price target.
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Read More on FLNC:
- Fluence Energy price target lowered to $18 from $20 at Piper Sandler
- Fluence Energy price target lowered to $30 from $32 at Morgan Stanley
- Fluence Energy price target lowered to $27 from $31 at Roth MKM
- 3 Best Stocks to Buy Now, 5/10/2024, According to Top Analysts
- Fluence Energy backs FY24 revenue view $2.7B-$3.3B, consensus $2.97B
