Fluence Energy shares surge 10.80% intraday after hitting 52-week high, boosted by analyst upgrades and strong backlog growth.

Fluence Energy surged 10.8% intraday after hitting a 52-week high of $28.50, driven by analyst upgrades and strong operational momentum. UBS, Susquehanna, and Morgan Stanley raised price targets to $22, $20, and $14, respectively, citing improved gross margin visibility, a robust $5.3 billion backlog, and strategic project expansions like the Sizing John Battery Energy Storage System in the UK. Despite mixed Q4 results (missing revenue but exceeding EBITDA forecasts), the stock’s 189% six-month rally and analysts’ optimism about Fluence’s market positioning fueled intraday buying. The surge reflects heightened investor confidence in the company’s growth trajectory and execution, despite concerns about competitive risks from automotive firms entering the energy storage sector.