BofA lowered the firm’s price target on Fluence Energy (FLNC) to $24 from $25 and keeps a Buy rating on the shares after last night’s election results led to a solar sector-wide selloff as investors assess the potential impact of shifting federal policies. Although Trump’s policies would take time to take shape, his aim to amend the IRA and increase tariffs heightens the risk of significant sector impact, the analyst tells investors.
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Read More on FLNC:
- Fluence Energy price target raised to $18 from $16 at Piper Sandler
- Fluence Energy price target lowered to $28 from $29 at RBC Capital
- Fluence Energy price target raised to $28 from $23 at Susquehanna
- Fluence Energy price target raised to $25 from $24 at BMO Capital
- Fluence Energy downgraded to Neutral from Buy at Citi