Fluence Energy price target lowered to $32 from $44 at Guggenheim

Guggenheim lowered the firm’s price target on Fluence Energy to $32 from $44 and keeps a Buy rating on the shares following the firm’s meeting with Fluence management last week. The company is highly focused on maintaining growth, but indicated less potential for margin improvement than Guggenheim had expected, says the analyst, who adds that the firm continues to view the stock as “the best way to invest in the rapidly growing energy storage market.”