Fluence Energy price target lowered to $10 from $24 at Citi

Citi lowered the firm’s price target on Fluence Energy (FLNC) to $10 from $24 and keeps a Neutral rating on the shares. The firm expects the stock to be down sharply today after the company reported fiscal Q1 below expectations and reduced fiscal 2025 revenue guidance by 15%. The results will raise questions about Fluence’s outlook given declining selling prices, worsening oversupply from China, increasing competition, and potential headwinds from anode anti-dumping investigation, the analyst tells investors in a research note.