Roth MKM lowered the firm’s price target on Fluence Energy (FLNC) to $25 from $27 and keeps a Buy rating on the shares ahead of its Q4 earnings. The firm is cautious heading into the results, expecting the utility-scale storage market to slow in 2025, particularly in the U.S., while the decline in battery ASPs adds a headwind to growth, the analyst tells investors in a research note. Potential changes to the storage ITC also present a risk to demand, Roth MKM added.
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:
- Fluence Energy upgraded to Neutral from Underperform at Exane BNP Paribas
- Fluence Energy price target lowered to $24 from $25 at BofA
- Fluence Energy price target raised to $18 from $16 at Piper Sandler
- Fluence Energy price target lowered to $28 from $29 at RBC Capital
- Fluence Energy price target raised to $28 from $23 at Susquehanna