Guggenheim analyst Joseph Osha lowered the firm’s price target on Fluence Energy (FLNC) to $2 from $6 and keeps a Sell rating on the shares. High tariffs on China-sourced LFP batteries are “a significant challenge” and the firm believes that the company is likely to alter or withdraw its financial guidance when it reports earnings for the March quarter, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLNC: