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Analysts Offer Insights on Utilities Companies: Black Hills (BKH), Fluence Energy (FLNC) and Algonquin Power & Utilities (AQN)

Tipranks - Tipranks - Tue May 12, 11:56AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Black Hills (BKH), Fluence Energy (FLNC) and Algonquin Power & Utilities (AQN).

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Black Hills (BKH)

BMO Capital analyst Eddie DeArias maintained a Buy rating on Black Hills on May 8 and set a price target of $86.00. The company’s shares closed last Monday at $75.40.

DeArias has an average return of 19.2% when recommending Black Hills. ;'>

According to TipRanks.com, DeArias is ranked #4303 out of 12243 analysts.

Black Hills has an analyst consensus of Strong Buy, with a price target consensus of $81.50, implying a 7.7% upside from current levels. In a report issued on May 4, TipRanks – xAI also upgraded the stock to Buy with a $84.00 price target.

See today’s best-performing stocks on TipRanks >>

Fluence Energy (FLNC)

BMO Capital analyst Ameet Thakkar maintained a Hold rating on Fluence Energy on May 8 and set a price target of $16.00. The company’s shares closed last Monday at $26.46.

According to TipRanks.com, Thakkar is ranked #11824 out of 12243 analysts.

Currently, the analyst consensus on Fluence Energy is a Hold with an average price target of $19.00, representing a -19.3% downside. In a report issued on May 8, HSBC also upgraded the stock to Hold with a $19.00 price target.

Algonquin Power & Utilities (AQN)

In a report released today, Benjamin Pham from BMO Capital maintained a Hold rating on Algonquin Power & Utilities, with a price target of $6.50. The company’s shares closed last Monday at $6.00.

According to TipRanks.com, Pham is a 5-star analyst with an average return of 10.1% and a 69.2% success rate. Pham covers the Utilities sector, focusing on stocks such as TransAlta, Fortis, and Emera. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Algonquin Power & Utilities with a $6.76 average price target, representing a 10.8% upside. In a report issued on April 27, RBC Capital also maintained a Hold rating on the stock with a $6.50 price target.

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