Susquehanna analyst Charles Minervino lowered the firm’s price target on Fluence Energy (FLNC) to $8 from $10 and keeps a Positive rating on the shares. The firm updated estimates and price targets before Q1 earnings for the alternative energy names. The analyst remains cautious on the industry given tariff and Investment Tax Credit repeal risk. Given the market uncertainty, Susquehanna likes names with” robust backlogs and a domestic manufacturing presence” such as GE Vernova (GEV) and First Solar (FSLR).
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