Roth MKM lowered the firm’s price target on Fluence Energy (FLNC) to $25 from $27 and keeps a Buy rating on the shares ahead of its Q4 earnings. The firm is cautious heading into the results, expecting the utility-scale storage market to slow in 2025, particularly in the U.S., while the decline in battery ASPs adds a headwind to growth, the analyst tells investors in a research note. Potential changes to the storage ITC also present a risk to demand, Roth MKM added.
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