Mizuho Securities lowered its price target for Fluence Energy (FLNC) from $15.00 to $8.00 on Friday. The firm maintained its Underperform rating on the energy storage provider.
Analysts reduced revenue expectations for fiscal year 2027 due to slower data center order conversions. The firm also cited longer deployment timelines and increased working capital requirements.
This action follows several analyst downgrades amid rising competition and margin pressures in the battery energy storage system (BESS) market.