After CNN reported a large fire at Vistra’s (VST) Moss Landing Power Plant and said about 40% of the building housing the lithium-ion batteries has burned, Citi analyst Vikram Bagri noted that Fluence Energy (FLNC) was the engineering contractor on Phase I of Moss Landing, which experienced a fire in September 2021. However, Fluence has not been involved at the Moss Landing site in recent years and does not have an active service or warranty contract, according to the analyst. Citi has a Neutral rating and $24 price target on Fluence shares, which are down $1.18, or nearly 8%, to $14.40 in afternoon trading.
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