Shares of Fluence Energy climbed 4.7% on Tuesday following UBS's decision to withdraw its Sell rating. The stock was trading at $11.37 as of 13:06 EDT, pulling back from an earlier premarket increase of 8.7%.
UBS moved to Neutral from Sell and raised its target to $12 from $9. The bank treats Fluence's guidance reset as an earnings trough, forecasting 22% annual revenue growth through 2030. The market's next proof point is whether $400 million of delayed project deliveries convert in fiscal 2027 without another margin setback.
Backlog conversion accelerates while new factories reach planned output.
Gross margin recovers from 5.1% as startup costs fade.
Another delay pushes revenue rightward and absorbs liquidity.
