Fluence Energy shares fall after Jefferies downgrades to Hold
Jefferies downgraded Fluence Energy (FLNC) from Buy to Hold and set a $7.00 price target, after the stock fell 5.3% in the afternoon session.
Shares of electricity storage and software provider Fluence NASDAQ:FLNC fell 5.3% in afternoon trading after Jefferies lowered its rating on the company to Hold from Buy and kept a $7.00 price target. Jefferies analyst Julian Dumoulin-Smith made the rating change alongside the $7.00 target.