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Fluence Energy could be a winner in the renewable energy transition, according to Barclays. Fluence Energy provides "energy storage technology solutions, delivering hardware along with advanced tech/AI-powered services to optimize the storage assets — either from a revenue-generating perspective and/or an O & M standpoint," Cho said in a Wednesday note. "Given the rapid expected buildout of renewables and the intermittency issues inherent in wind and solar projects, energy storage will be a key piece in the energy transition." The firm expects Fluence Energy to increase its revenue at a 46% compound annual growth rate between 2022 and 2025, which is double the firm's expectations for utility-scale solar companies. Cho also initiated energy storage network provider Stem with an equal-weight rating and $6 price target, which implies a 10.3% upside from Tuesday's close.
Persons: Christine Cho, Cho, — CNBC's Michael Bloom Organizations: Energy, Barclays, Fluence Energy, FLNC's Services Locations: 1H24
While this reads through positively for spot BTC ETF approvals, it remains unclear if this will be a net positive for Coinbase's P & L." Citi reiterates FedEx as a top pick Citi said FedEx has "parcel pricing power." Wells Fargo reiterates Spotify as buy Wells said it's standing by its overweight rating on shares of the streaming company. Citi reiterates Apple as buy Citi said it's bullish heading into Apple's iPhone event on Sept. 12. Wells Fargo reiterates Netflix as overweight Wells said it's standing by its overweight rating on the streaming giant. "We initiate coverage of Atour with an Overweight rating and a price target of US$36, implying > 80% potential upside."
Persons: Morgan Stanley downgrades Centene, Morgan Stanley, TD Cowen downgrades Ambarella, Wells, it's, Bernstein, Melius, Guggenheim, Tesla, Evercore Organizations: Wednesday, Barclays, SEC, BTC, Citi, FedEx, UPS, Transports, FLNC's Services, HSBC, Spotify, Apple, Texas, Rockwell Automation, ROK, UW, Netflix, Nvidia, Bank of America, Google, Tesla, Energy Locations: China, Europe, Ohio Utica, Oklahoma
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