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Tom Callagy

Vice President and Equity Research Analyst at Barclays PLC

Tom Callagy is a Vice President and Equity Research Analyst at Barclays PLC, specializing in financial sector coverage with a particular focus on large-cap U.S. banks and financial services companies such as JPMorgan Chase, Bank of America, and Citigroup. He is recognized for delivering data-driven investment recommendations, with performance metrics and client rankings consistently placing him among Barclays' top research contributors. Callagy began his career in equity research in the early 2010s, previously working at financial institutions before joining Barclays in 2018. He holds FINRA Series 7 and Series 63 licenses and has been acknowledged for his analytical rigor and sector expertise.

Tom Callagy's questions to Fluence Energy (FLNC) leadership

Question · Q1 2025

Tom Callagy, on for Christine Cho, asked about the large deferred revenue figure on the cash flow statement and the company's procurement strategy for graphite given the AD/CVD investigation.

Answer

CFO Ahmed Pasha stated the deferred revenue should reverse in the next quarter. President and CEO Julian Nebreda explained they are accelerating some graphite imports and noted that any duties would likely apply industry-wide, creating a level playing field, though retroactive tariffs would be disruptive.

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