Barclays lowered the firm’s price target on Fluence Energy (FLNC) to $9 from $22 and keeps an Overweight rating on the shares. The firm updated the company’s model post the fiscal Q1 report. The quarter represented “disappointing news on multiple fronts” and management will have to address signs of weakness that have emerged, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLNC:
- Fluence Energy’s Hold Rating Amid Financial Challenges and Market Uncertainties
- Fluence Energy’s Hold Rating Amidst Underperformance and Competitive Pressures
- Fluence Energy downgraded to Neutral from Buy at Roth MKM
- Fluence Energy downgraded to Peer Perform from Outperform at Wolfe Research
- Fluence Energy downgraded to Neutral from Buy at UBS