FLNC
Fluence Energy, Inc.

Fluence Energy, Inc.FLNC

Utilities · Utilities - Renewable
5.27USD
+3.43%
Nov 08, 2026
FLNC overview ready
Turnkey Utility-Scale Battery Storage Systems and Software for Grid Operators
Fluence is a direct, storage-focused systems integrator and software provider: it delivers turnkey grid-scale battery energy-storage systems, operational services, and asset-optimization software to utilities, renewable developers, and increasingly large-load customers.
Theme not measured
Energy Storage has no leadership state this session.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Fundamentals not measured
Primary risk
Slowing renewable energy project development.
Market Nov 6Filing Jun 30Price action Nov 7Research Sep 1

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction1.4BusinessPerformance5.0BusinessQuality3.1Valuation3.5ThemeMomentum—Mixed — Revenue grew +7.9% year over year in the latest quarter. One recent quarter could not be confirmed and is not part of this read. Earnings turned negative: a diluted loss of -$0.24 against EPS of $0.01 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Energy Storage — Energy Storage has no leadership state this session
Its economic family, Power Infrastructure, reads Lagging (−12.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$271.4M
Avg Volume (60D)
7.7M
60 sessions
Revenue Growth YoY
-16.1%
FY2025 vs FY2024
Gross Margin
+9.3%
Trailing twelve months
Operating Margin
-3.7%
Trailing twelve months
Free Cash Flow Yield
-42.5%
Distance from 200DMA
-64.8%
Next Earnings
2026-11-23
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Mixed

Revenue grew +7.9% year over year in the latest quarter. One recent quarter could not be confirmed and is not part of this read. Earnings turned negative: a diluted loss of -$0.24 against EPS of $0.01 a year earlier.

Latest reported: Q3 FY2026, ended Jun 30
Revenue growthGrowing
+7.9%
$650M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. n/a
  2. +154%
  3. +7.7%
  4. +7.9%
Earnings growthTurned to a loss
-$0.24
Diluted EPS -$0.24 vs $0.01 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Gross marginContracting
5.1%
-9.7 pp YoY

Business Quality

3.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap. The published stance is held at fair because no positive free cash flow behind the low multiple.
Fluence Energy, Inc. has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

Company Research

Thesis
Fluence is a direct, storage-focused systems integrator and software provider: it delivers turnkey grid-scale battery energy-storage systems, operational services, and asset-optimization software to utilities, renewable developers, and increasingly large-load customers.
Opportunity
High opportunity
Utility, developer, and large-load investment in grid-connected battery storage that shifts energy across hours, supplies capacity and ancillary services, integrates variable generation, and relieves localized grid constraints.
Key risk
Slowing renewable energy project development.

Economic classification

Loading the economic classification…

Business & Markets

Utilities · Utilities - Renewable
What they do

Fluence Energy designs, sells, and operates integrated energy storage systems combining hardware, software, and digital intelligence for utility-scale renewable energy applications worldwide.

How it earns

The company generates revenue primarily through project-based sales of energy storage systems and related software and operational services.

Products & services
Gridstack Pro
Gridstack
Ultrastack
Smartstack
Asset-optimization software
Customers & end markets
Utilities
Renewable energy developers
Large-load customers
Market position

Fluence is a leading direct integrator and software provider in the utility-scale battery energy storage market.

Demand drivers
Medium cyclicality

Demand is influenced by utility investment cycles and renewable energy project development timelines.