Fluence Energy price target lowered to $2 from $6 at Guggenheim

Guggenheim analyst Joseph Osha lowered the firm’s price target on Fluence Energy (FLNC) to $2 from $6 and keeps a Sell rating on the shares. High tariffs on China-sourced LFP batteries are “a significant challenge” and the firm believes that the company is likely to alter or withdraw its financial guidance when it reports earnings for the March quarter, the analyst tells investors.