Fluence Energy Inc. (FLNC) PT Lowered to $15 at Canaccord

Canaccord analyst George Gianarikas lowered the price target on Fluence Energy Inc. (NASDAQ: FLNC) to $15.00 (from $24.00) while maintaining a Buy rating.

The analyst comments "On Wednesday after the close, the company announced that a promised $3B F2026 revenue horizon abruptly shrank to $2.4B. At the heart of the storm lies the Houston manufacturing facility, where CEO Julian Nebreda acknowledged the team fundamentally underestimated operational complexity. Welding automation failed under the strain, forcing a pivot to slower manual labor, while final assembly bogged down from skilled worker shortages until 3 Houston subcontractors were rushed in to share the load. Instead of humming along at an expected eleven units per day during the late summer ramp-up, the factory sputtered at a single unit daily before corrective measures clawed it back to 3. Of the $600M top-line haircut, $450M traces directly back to Houston's stumbles, compounded by delivery bottlenecks and late shipments. Meanwhile, the $190 million bottom-line worsening was carved out by $130M in combined penalties and delayed revenue shifted into F2027, alongside $60M in rollout and quality-standard costs."

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