Fluence Energy falls after Piper Sandler PT cut

ReutersApr 21, 2025 5:51 PM

Renewable energy storage provider Fluence Energy's FLNC.O shares fall 4% to $3.55

Piper Sandler cuts PT on company's shares to $4 from $10

Due to China's dominance of the battery supply-chain, U.S. storage development is most at risk from the tariffs, brokerage says

Chinese tariffs at ~153% represent significant risk to FLNC's margins; imports from Vietnam are subject to a 10% tariff, implying further risk - brokerage

Brokerage expects FLNC's orders in the June quarter to fall, given uncertainty

10 of 25 brokerages rate the stock "buy" or higher, 14 "hold" and 1 " strong sell"; median PT $8, according to data compiled by LSEG

FLNC down 76.8% YTD, as of Thursday's close

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