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Fluence Energy downgraded to Neutral from Buy at Roth MKM
The Fly

Fluence Energy downgraded to Neutral from Buy at Roth MKM

Roth MKM analyst Justin Clare downgraded Fluence Energy (FLNC) to Neutral from Buy with a price target of $6.50, down from $20, following the “weak” fiscal Q1 report. The firm sees risk that Fluence’s competitive pressure results in sustained gross margin compression, especially in international markets, which represented 56% of the company’s pipeline as of Q1. Roth cites sustained downward margin pressure for the downgrade.

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