Fluence Energy shares surge 17.03% after-hours as price targets raised to $22-$20 by UBS, Citi amid $1.4B order intake.

Fluence Energy surged 17.03% in after-hours trading following multiple analyst upgrades and strong operational results. UBS and Citi raised their price targets, with Citi lifting its target to $20 from $7.50 and another firm raising it to $22 from $8, citing improved gross margin visibility and a record $1.4 billion quarterly order intake that boosted the backlog to $5.3 billion. These developments underscored the company’s growth momentum and profitability focus, aligning with the stock’s sharp post-market rally.