2024-04-07 11:18:30 ET
Summary
- Fluence Energy is a pure-play Battery Energy Storage Systems (BESS) global leader operating in a booming industry.
- Despite a recent short report on the company and a legal matter that affected the share price, Fluence is firing on all cylinders.
- The company posted a solid Q1 2024 ER and reiterated guidance while expecting at least 35% CAGR for 2024 and 2025.
- Fluence is currently undervalued, thus, I reiterate my long-term strong buy rating.
Thesis
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Fluence Energy: A Strong Buy After The Drop