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Analysts Offer Insights on Utilities Companies: Suburban Propane (SPH) and Fluence Energy (FLNC)

Companies in the Utilities sector have received a lot of coverage today as analysts weigh in on Suburban Propane (SPHResearch Report) and Fluence Energy (FLNCResearch Report).

Suburban Propane (SPH)

Mizuho Securities analyst Gabe Moreen maintained a Sell rating on Suburban Propane on May 9 and set a price target of $17.00. The company’s shares closed last Monday at $18.43.

According to TipRanks.com, Moreen is a 5-star analyst with an average return of 10.3% and a 78.3% success rate. Moreen covers the NA sector, focusing on stocks such as Enterprise Products Partners, Western Midstream Partners, and EnLink Midstream.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Suburban Propane with a $17.00 average price target.

See today’s best-performing stocks on TipRanks >>

Fluence Energy (FLNC)

In a report issued on May 9, Ben Kallo from Robert W. Baird assigned a Buy rating to Fluence Energy, with a price target of $34.00. The company’s shares closed last Monday at $17.41.

According to TipRanks.com, Kallo is a 2-star analyst with an average return of 0.4% and a 46.4% success rate. Kallo covers the Industrial Goods sector, focusing on stocks such as Archer Daniels Midland, Bloom Energy, and Ameresco.

Currently, the analyst consensus on Fluence Energy is a Strong Buy with an average price target of $26.83, which is a 55.4% upside from current levels. In a report issued on April 29, RBC Capital also maintained a Buy rating on the stock with a $33.00 price target.

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