As previously reported, Jefferies downgraded Fluence Energy (FLNC) to Underperform from Hold with a price target of $3, down from $4, following the stock’s rerating up 20% from Friday post tariff easing on China and a tax bill proposal that was initially perceived as positive on the IRA. The firm, however, thinks “the market got it wrong for storage” and with Street estimates not reflecting the current macro picture the firm sees a “valuation disconnect,” the analyst tells investors. The firm’s estimates are “meaningfully below” the Street, the analyst added.
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Read More on FLNC:
- Fluence Energy downgraded to Underperform from Hold at Jefferies
- Fluence Energy participates in a conference call with Jefferies
- Fluence Energy price target raised to $6 from $4.50 at UBS
- FLNC Lawsuit Alert! Class Action Lawsuit Against Fluence Energy Inc.
- Fluence Energy Hold Rating: Impact of Tariffs and Contracting Uncertainty on Financial Outlook
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