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Analysts Offer Insights on Utilities Companies: Fluence Energy (FLNC) and NRG Energy (NRG)

Tipranks - Tue Jul 7, 6:14AM CDT

Analysts have been eager to weigh in on the Utilities sector with new ratings on Fluence Energy (FLNC) and NRG Energy (NRG).

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Fluence Energy (FLNC)

J.P. Morgan analyst Mark Strouse maintained a Hold rating on Fluence Energy today. The company’s shares closed last Thursday at $17.00.

According to TipRanks.com, Strouse is a 5-star analyst with an average return of 13.1% and a 49.3% success rate. Strouse covers the Technology sector, focusing on stocks such as Shoals Technologies Group, SolarEdge Technologies, and Array Technologies. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Fluence Energy with a $20.85 average price target, which is a 12.9% upside from current levels. In a report issued on July 1, Barclays also maintained a Hold rating on the stock with a $16.00 price target.

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NRG Energy (NRG)

Siebert Williams Shank & Co analyst Gabriele Sorbara initiated coverage with a Buy rating on NRG Energy today and set a price target of $184.00. The company’s shares closed last Thursday at $136.70.

According to TipRanks.com, Sorbara is a 4-star analyst with an average return of 6.4% and a 53.4% success rate. Sorbara covers the NA sector, focusing on stocks such as Crescent Energy Company Class A, Magnolia Oil & Gas, and Comstock Resources. ;'>

Currently, the analyst consensus on NRG Energy is a Strong Buy with an average price target of $202.30, which is a 43.7% upside from current levels. In a report issued on June 25, Wells Fargo also maintained a Buy rating on the stock with a $239.00 price target.

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