Fluence Energy Inc. (FLNC) PT Raised to $6 at Jefferies

Jefferies analyst Julian Dumoulin-Smith raised the price target on Fluence Energy Inc. (NASDAQ: FLNC) to $6.00 (from $3.00) while maintaining a Underperform rating.

The analyst comments "Despite favorable IRA outcome for storage, it's not obvious to us that US battery suppliers are the de-facto winner given competitive pricing from China. Expect mgmt. to address AESC relationship as it targets FEOC compliance by end of year, but questions remain on how developers will value the ITC against lower Chinese prices. We lower FY26 volumes as a result and stress limited visibility on demand backdrop both in the NT and LT."

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