Fluence Energy downgraded to Equal Weight from Overweight at Barclays

Barclays analyst Christine Cho downgraded Fluence Energy (FLNC) to Equal Weight from Overweight with a price target of $5, down from $9. The firm says the “complex” tariff environment, paired with potential Foreign Entity of Concern restrictions for 45x credits and regulatory concerns, gives it reason “to press pause” on the shares in the short to intermediate term. Growing concerns surrounding the competitive landscape and the immediate impact of the retaliatory tariffs have Barclays no longer being able to justify an Overweight rating on Fluence Energy, the analyst tells investors in a research note.