Fluence Energy price target raised to $13 from $8 at Barclays

Barclays analyst Christine Cho raised the firm’s price target on Fluence Energy (FLNC) to $13 from $8 and keeps an Equal Weight rating on the shares as part of a fiscal Q4 earnings preview. The firm expects an update by year-end on how the company plans to comply with Foreign Entity of Concern restrictions. Fluence’s U.S. bookings will be “muted for now,” the analyst tells investors in a research note.