Roth Capital lowered the firm’s price target on Fluence Energy (FLNC) to $13 from $19 and keeps a Neutral rating on the shares ahead of its Q2 results next week. The firm expects a meaningful step-up in deliveries and margins but modestly below consensus, the analyst tells investors in a research note. Roth adds it is looking for greater confidence in the margin ramp at Fluence following Q1 underperformance, downward pricing trend, and competitor commentary pointing to margin compression.
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