Canaccord analyst George Gianarikas lowered the firm’s price target on Fluence Energy (FLNC) to $10 from $14 and keeps a Buy rating on the shares. The firm said the list of negatives surrounding Fluence over the last several quarters including deal pushouts, Inflation Reduction Act uncertainty, burgeoning Chinese competition, and tariff wars, feels overwhelming and has left the stock a significant underperformer.
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