Mizuho downgraded Fluence Energy (FLNC) to Underperform from Neutral with a price target of $15, up from $9. The firm says the shares are pricing in “premature enthusiasm” around data center pipeline conversion, AESC’s battery cell line integration, and potential upside to the pipeline. It cites higher battery storage demand and improved EBITDA margins for the target boost, but downgraded the shares on Fluence’s premium valuation.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLNC:
- Fluence Energy price target raised to $22 from $8 at UBS
- Hold Rating on Fluence Energy Amid Profitability Focus and Production Challenges
- Fluence Energy price target raised to $20 from $7.50 at Citi
- Coterra, Ovintiv, Nektar, Co-Diagnostics, Fluence: Trending by Analysts
- Fluence Energy’s Earnings Call: Strategic Wins Amid Challenges