Streetbeat News

FLNC

Fluence Energy, Inc.

https://fluenceenergy.com

Industry

Renewable Utilities

Fluence Energy, Inc. provides energy storage products and services, and artificial intelligence enabled digital applications for renewables and storage applications worldwide. The company sells energy storage products with integrated hardware, software, and digital intelligence, as well as engineering and delivery services to support the deployment of its storage products; operational and maintenance, and energy storage-as-a-service; and digital applications and solutions. Its energy storage products include Gridstack, a grid-scale industrial strength energy storage product; Sunstack for optimizing solar capture and delivery; and Edgestack, a commercial energy storage product that discharges when needed to flatten a facility's energy load profile. The company serves utilities, developers, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia. Fluence Energy, Inc. is a joint venture of Siemens Aktiengesellschaft and The AES Corporation.

Open

20.26

Mkt cap

2.6B

Volume

1.7M

High

20.70

P/E Ratio

-121.59

52-wk high

27.80

Low

19.38

Div yield

N/A

52-wk low

12.74

In Thursday's intraday session, several industrials stocks experienced significant movements. Notably, Roma Green Finance, FTI Consulting, and ACV Auctions were among the top gainers, with shares increasing by 17.7%, 17.61%, and 17.01% respectively. On the downside, Solidion Technology, Vast Renewables, and Fluence Energy led the losers, with their stocks falling by 17.6%, 15.7%, and 15.5% respectively. The movements were attributed to various factors including quarterly earnings reports.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 5:31 pm

Blue Orca Capital has issued a report indicating they are shorting Fluence Energy (FLNC), suggesting potential concerns or negative outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 2:48 pm

MW Storage AG partners with Fluence Energy GmbH, a subsidiary of Fluence Energy, Inc. (NASDAQ:FLNC), to deliver a 100 MW/200 MWh energy storage project in Arzberg, Germany. This marks their largest joint project in continental Europe, following successful collaborations in Finland and Switzerland.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:15 am

Shares of companies in the industrial sector are down due to a higher-than-expected rise in January inflation data, affecting investor sentiment and stock prices.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:38 pm

Fluence Energy (NASDAQ:FLNC) has been analyzed by 9 financial analysts, showing a mix of bullish to bearish sentiments. The average 12-month price target is $28.67, reflecting a 6.19% increase from the previous target of $27.00. Analysts have adjusted their ratings and price targets based on market conditions and company performance, with several raising their targets. Despite challenges such as a significant revenue decline of -45.92% as of December 31, 2023, and below-average ROE and ROA, Fluence Energy maintains a strong net margin and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm

Goldman Sachs analyst Brian Lee maintains a Buy rating on Fluence Energy (NASDAQ:FLNC) but lowers the price target from $36 to $32.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 3:33 pm

Fluence Energy has reaffirmed its fiscal year 2024 revenue guidance, projecting revenues to be in the range of $2.7 billion to $3.3 billion, which is in line with the analyst estimate of $2.978 billion.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:12 pm

Fluence Energy (NASDAQ:FLNC) reported Q1 2024 GAAP EPS of $(0.14), meeting analyst consensus estimates. However, their quarterly sales of $363.96M fell short of the expected $407.61M, a miss by 10.71%, though it represents a 17.23% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:31 pm

In Wednesday's after-market session, several industrials stocks saw significant movements. Blue Bird, 1847 Holdings, Clean Energy Technologies, Roma Green Finance, Pineapple Energy, and Amprius Technologies were among the gainers, with Blue Bird leading with a 14.9% increase after announcing Q1 earnings. On the downside, Ault Alliance, Fluence Energy, Equifax, Paycom Software, Graphex Gr, and Advent Technologies Holdings experienced declines, with Fluence Energy and Equifax dropping post Q1 earnings announcements.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 9:31 pm

Numerous companies are scheduled to report their earnings on February 7, 2024, covering a wide range of industries from technology to healthcare. Notable mentions include Madison Square Garden, Scotts Miracle Gro, TotalEnergies, Equinor, Euronet Worldwide, Flex LNG, Alibaba Group Holding, and many others. The earnings reports are expected to provide insights into the companies' financial health and market performance.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 10:13 am

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