UBS cuts Fluence Energy stock price target on production delays
UBS cut Fluence Energy's (FLNC) price target to $6.00 from $12.00, citing production delays and reduced EBITDA estimates. The stock is down 72% YTD. Other analysts also lowered targets due to facility issues and margin pressure. FLNC secured a large contract with Vattenfall for a German battery project. FLNC trades at $5.59, near its 52-week low.





