Fluence Energy downgraded to Neutral at BofA on execution risks, competition

BofA analyst Dimple Gosai downgraded Fluence Energy (FLNC) to Neutral from Buy with a price target of $8, down from $20. Growing execution risks and intensifying competition weaken the firm’s confidence in the company’s ability to meet its revenue targets, the analyst tells investors. A 15% cut to FY25 revenue guidance and a heavier second-half revenue weighting “raise the risk of negative revisions and potential earnings miss,” the analyst argues.