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Fluence Energy downgraded to Neutral from Buy at Seaport Research

Seaport Research analyst Tom Curran downgraded Fluence Energy (FLNC) to Neutral from Buy without a price target The firm sees the stock trading at fair value following the 183% rally since April. The market is now discounting the outlook for utility-scale battery energy storage system spending over the next 12-to-15 months, the analyst tells investors in a research note.

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