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

Fluence Energy has announced that it has surpassed 20 GWh of deployed and contracted energy storage systems worldwide. This milestone highlights the company's growth in the energy storage market and its role in supporting the transition to more sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:03 pm

BMO Capital analyst Ameet Thakkar has upgraded Fluence Energy (NASDAQ:FLNC) from Market Perform to Outperform and set a price target of $27.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:35 pm

In the last three months, 12 analysts have provided ratings on Fluence Energy (NASDAQ:FLNC), with a mix of bullish to bearish sentiments. The average 12-month price target is $26.5, with a high of $33.00 and a low of $18.00. The current average has slightly declined by 0.38% from the previous $26.60. Analysts from firms like B of A Securities, RBC Capital, and Morgan Stanley have raised their price targets, while Barclays and JP Morgan have lowered theirs. Fluence Energy is involved in energy storage and digital applications for renewables, with a majority of revenue from the Americas. It has shown a revenue growth of 52.26% as of September 30, 2023, a net margin of 0.49%, an ROE of 0.82%, and an ROA of 0.22%, with a low debt-to-equity ratio of 0.13.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 8:00 pm

B of A Securities analyst Julien Dumoulin-Smith has reaffirmed a Buy rating on Fluence Energy (NASDAQ:FLNC) and increased the price target from $26 to $28.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 7:21 pm

Fluence is actively pursuing owed payments and will dispute allegations made in a counterclaim by Diablo Energy Storage, LLC. The counterclaim was a response to Fluence's initial complaint regarding Diablo's failure to fulfill contract terms, including payment. Fluence asserts that their work on the Diablo Plant was satisfactory and expects payment, deeming the counterclaim meritless. They intend to defend against Diablo's claims while enforcing their own.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 9:29 pm

During Wednesday's intraday session, several industrial stocks experienced significant movements. Applied UV, 1847 Holdings, Hyliion Holdings, View, iSun, and ESGL Holdings saw their stocks rise by double-digit percentages. Conversely, KULR Tech Gr, Erayak Power Solution Gr, Fluence Energy, Simpple, FedEx, and Nuvve Holding faced declines, with FedEx's drop following its Q2 earnings report released the previous day.

Portfolio Pulse from Benzinga Insights

December 20, 2023 | 5:31 pm

Fluence Energy's stock is trading lower after reports emerged that the owner of the Diablo battery storage project in California is demanding a $230 million refund from the company. The refund is being sought due to alleged 'defects and chronic failures' in the project.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 3:59 pm

Shares of Fluence Energy, Inc. (FLNC) fell by 17% following a report that a customer is seeking a refund for the Diablo BESS EPC contract due to 'defects and chronic failures'. The news could raise concerns about the reliability of Fluence's energy storage solutions and potentially impact future sales and customer trust.

Portfolio Pulse from Charles Gross

December 20, 2023 | 3:09 pm

Fluence Energy has been chosen by AGL Energy to provide a 500 MW/1000 MWh energy storage system for the Liddell Battery Project in New South Wales, Australia. This project is the largest energy storage system Fluence will design, engineer, and construct in Australia to date.

Portfolio Pulse from Benzinga Newsdesk

December 20, 2023 | 7:16 am

Industrial stocks are experiencing an uptick following the Federal Reserve's decision to keep interest rates unchanged. The market's positive reaction is also fueled by expectations of potential future rate cuts as indicated by the majority of Fed officials.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:51 pm

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