Streetbeat News

FLNC

Fluence Energy, Inc.

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

19.08

Mkt cap

3.5B

Volume

2.4M

High

19.67

P/E Ratio

-115.53

52-wk high

27.80

Low

18.80

Div yield

N/A

52-wk low

12.74

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

RBC Capital analyst Shelby Tucker has maintained an Outperform rating on Fluence Energy (NASDAQ:FLNC) and increased the price target from $32 to $33.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:48 pm

Morgan Stanley has maintained its Equal-Weight rating on Fluence Energy (NASDAQ:FLNC) and increased its price target from $27.00 to $32.00. Fluence Energy's shares are currently trading at $22.00, and the new price target suggests a potential upside of 45.45%. Fluence Energy specializes in energy storage products and services, with a significant portion of its revenue coming from the Americas.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 5:00 pm

Morgan Stanley analyst Stephen Trent has maintained an Equal-Weight rating on Fluence Energy (NASDAQ:FLNC) and increased the price target from $27 to $32.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 1:20 pm

Fluence Energy Inc (NASDAQ:FLNC) shares are trading lower following the announcement of a secondary offering of 18 million shares by existing controlling stockholders. The company will not sell any shares nor receive proceeds from the offering. J.P. Morgan Securities LLC, Barclays Capital Inc., and Morgan Stanley are managing the offering.

Portfolio Pulse from Henry Khederian

December 07, 2023 | 9:14 pm

AeroVironment, Inc. (NASDAQ:AVAV) shares fell over 9% despite reporting Q2 earnings and revenue that beat estimates. The company's adjusted earnings were 97 cents per share, surpassing the expected 62 cents, with revenue at $180.8 million against the forecasted $170.908 million. Other stocks experienced significant movements in Wednesday's mid-day session, with notable gainers including Sera Prognostics, Inc. (NASDAQ:SERA) and MicroAlgo Inc. (NASDAQ:MLGO), and losers such as NeuroSense Therapeutics Ltd. (NASDAQ:NRSN) and ImmunoPrecise Antibodies Ltd. (NASDAQ:IPA).

Portfolio Pulse from Lisa Levin

December 06, 2023 | 7:43 pm

Fluence Energy Inc (NASDAQ:FLNC) stock dropped 13.4% to $22.30 after the announcement of a secondary offering of 18 million shares by its controlling stockholders. The offering does not involve new shares from Fluence or proceeds to the company. J.P. Morgan Securities LLC, Barclays Capital Inc., and Morgan Stanley are managing the offering.

Portfolio Pulse from Henry Khederian

December 06, 2023 | 6:54 pm

During Wednesday's intraday session, several industrial stocks experienced significant movements. Mobile Infrastructure (BEEP) saw a 28.4% increase, while Mesa Air Gr (MESA) rose by 24.69%. Innovate (VATE) increased by 20.08%, Tritium DCFC (DCFC) by 17.48%, Jayud Global Logistics (JYD) by 11.37%, and Virgin Galactic Hldgs (SPCE) by 10.47%. Conversely, ATIF Holdings (ATIF) dropped by 15.5%, ESGL Holdings (ESGL) by 15.04%, Fluence Energy (FLNC) by 12.94%, Primech Holdings (PMEC) by 12.45%, Staffing 360 Solutions (STAF) by 12.22%, and Nxu (NXU) by 10.59%.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 5:31 pm

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