Fluence Energy price target lowered to $8 from $20 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Fluence Energy (FLNC) to $8 from $20 and keeps an Equal Weight rating on the shares. Increased competition in international markets is driving margin compression, which is “a concern vocalized by bears that now appears to be materializing,” the analyst tells investors. The frequency of the company’s guidance cuts creates uncertainty around the achievability of its guidance, the analyst added.