Fluence Energy, Inc. (NASDAQ: FLNC) saw a 22.01% drop in share price from December 10 to December 17, 2025, making it one of the energy stocks that lost the most that week. Mizuho downgraded FLNC from ‘Neutral’ to ‘Underperform’ on December 8, citing a premium valuation. Johnson Rice also downgraded FLNC from ‘Buy’ to ‘Hold’ but raised its price target significantly. Analysts believe FLNC shares are overvalued due to premature enthusiasm around various factors. FLNC reported record orders in Q4, securing 85% of its revenue forecast in its backlog.

Read more at Yahoo Finance: Fluence Energy (FLNC) Slides Following Analyst Downgrades