BMO Capital analyst Ameet Thakkar has maintained their neutral stance on FLNC stock, giving a Hold rating today.
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Ameet Thakkar’s rating is based on several factors that highlight challenges for Fluence Energy. Despite an increase in bookings, the company’s revenue for the third quarter fell short of expectations, and the outlook for fiscal year 2026 appears challenging. The anticipated revenue and EBITDA for FY 2026 have been adjusted downward due to lower-than-expected order volumes and declining average selling prices.
Additionally, the company’s operating expenses are expected to remain flat, and there is little indication of margin improvement from U.S. energy storage systems. While the energy storage sector is generally poised for growth, Fluence Energy seems to be struggling to capitalize on these positive trends, leading to uncertainty about its future performance. These factors contribute to the Hold rating, as the company faces significant hurdles in achieving growth in the near term.
According to TipRanks, Thakkar is an analyst with an average return of -1.4% and a 49.51% success rate. Thakkar covers the Technology sector, focusing on stocks such as Sunrun, SolarEdge Technologies, and First Solar.
In another report released today, Morgan Stanley also reiterated a Hold rating on the stock with a $8.00 price target.