Fluence Energy, Inc. provides energy storage products and services, and 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. It serves utilities, developers, and commercial and industrial customers. The company was founded in 2018 and is headquartered in Arlington, Virginia. Fluence Energy, LLC operates as a subsidiary of Siemens Aktiengesellschaft and The AES Corporation.
IPO Year: 2021
Exchange: NASDAQ
Website: fluenceenergy.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/8/2024 | $22.00 | Underperform → Neutral | Exane BNP Paribas |
10/1/2024 | $32.00 → $24.00 | Buy → Neutral | Citigroup |
9/4/2024 | $26.00 | Buy | Jefferies |
8/9/2024 | $26.00 | Neutral → Buy | Guggenheim |
7/12/2024 | $21.00 | Sector Perform | Scotiabank |
7/10/2024 | $25.00 | Buy | Truist |
6/6/2024 | Buy → Neutral | Guggenheim | |
4/3/2024 | $22.00 | Mkt Perform → Outperform | Raymond James |
2/26/2024 | $24.00 | Neutral → Positive | Susquehanna |
2/23/2024 | $23.00 | Neutral → Overweight | JP Morgan |
4 - Fluence Energy, Inc. (0001868941) (Issuer)
4 - Fluence Energy, Inc. (0001868941) (Issuer)
4 - Fluence Energy, Inc. (0001868941) (Issuer)
NATICK, Mass., May 2, 2024 /PRNewswire/ -- Cognex Corporation (NASDAQ:CGNX), a leading provider of machine vision for factory and warehouse automation, today announced the appointment of Dennis Fehr as Senior Vice President of Finance and Chief Financial Officer, effective May 3, 2024. In this role, Fehr will lead Cognex's global finance and information technology organizations. Fehr brings over 20 years of global experience across manufacturing, technology, and energy industries. Most recently, Fehr was the CFO of 6K Inc, a manufacturing technology company focused on strategi
ARLINGTON, Va., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), announced today that it will report earnings for the fourth quarter and fiscal year ended September 30, 2024 on Monday, November 25th, 2024, after market close. The Company will conduct a teleconference starting at 8:30 a.m. EST on Tuesday, November 26th, 2024, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q4 Earnings Call Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audi
WASHINGTON, Oct. 8, 2024 /PRNewswire/ -- The National Association of Corporate Directors (NACD), the authority on boardroom practices representing more than 24,000 board members, today announced the honorees of the 2024 NACD Directorship 100™, an annual recognition of the leading corporate directors and corporate governance experts who make a profound difference in boardroom practices and performance. The award categories include the B. Kenneth West Lifetime Achievement Award, Public Company Director of the Year, Private Company Director of the Year, Nonprofit Director of the Year, NACD Directorship 100: Directors, and NACD Directorship 100: Governance Professionals. The B. Kenneth West Life
ARLINGTON, Va., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ:FLNC), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced the start of domestic production of its battery modules at a facility in Utah. These battery modules will incorporate battery cells manufactured in Tennessee. This marks a key step in Fluence's strategy to scale module production with domestically sourced components to meet increasing domestic demand for utility-scale energy storage. Fluence's domestically manufactured battery modules seamlessly integrate with Fluence's battery management system to deliver in
Furthers Growth of Marathon Capital's Equity Capital Markets Offering Marathon Capital, a leading financial advisory and investment banking firm to the clean economy, has announced that James Fitzgerald has joined the firm as Head of Institutional Sales. Based in New York, Mr. Fitzgerald will be responsible for leading the continued rollout of Marathon Capital's Equity Research and Equity Capital Markets ("ECM") products. Mr. Fitzgerald was most recently Executive Director, Institutional Equity Sales at Tudor, Pickering, Holt & Co (the energy business of Perella Weinberg Partners), where he provided coverage and long-term relationship management of hedge fund, long only, family office, an
Researched by Industrial Info Resources -- California is no stranger to massive heat waves and resulting power shortages. But record temperatures this summer--sometimes exceeding 110 degrees Fahrenheit--are not resulting in rolling blackouts, voluntary power reductions, or even text-message warnings from the state. The reason? Battery energy-storage system (BESS) technology, which has skyrocketed from 1,474 megawatts (MW) of installed capacity in 2020 to 10,383 MW so far in 2024, according to the California Energy Commission. Industrial Info is tracking more than $4.5 billion worth of BESS projects nearing or under construction across California, more than half of which is attributed to gra
ARLINGTON, Va., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), a leading global provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three and nine months ended June 30, 2024. Financial Highlights for Third Fiscal Quarter ended June 30, 2024 Revenue of approximately $483.3 million, which represents a decrease of approximately 10% from the same quarter last year, primarily driven by timing of product deliveries.GAAP gross profit margin improved to approximately 17.2%, compared to approximately 4.1% for the same quarter last year, reflecting Compan
Commencing in 2025, the agreement will support domestic grid resilience, manufacturing capacity, and supply chain strength. Excelsior Energy Capital ("Excelsior" or "the firm"), a leading renewable energy infrastructure investor, today announced it has entered into a multiyear agreement with Fluence Energy Inc. (NASDAQ:FLNC), a global provider of energy storage systems, to develop 2.2 GWh of battery energy storage system (BESS) infrastructure in strategic markets across the United States. These projects, which will commence in 2025, will promote American grid stability and sustainable energy development while supporting domestic manufacturing. Under the agreement, Excelsior will utilize
ARLINGTON, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ:FLNC), a leading global provider of energy storage solutions, services, and optimization software for renewables and storage, and Excelsior Energy Capital, a leading renewable energy infrastructure investor, announced an agreement to install 2.2 GWh of battery storage projects in the United States beginning in 2025. These U.S. projects will utilize domestically manufactured batteries, modules, and supporting systems. Under the agreement, Excelsior will deploy Fluence's Gridstack Pro product line to deliver firm capacity and flexible power to support a more resilient U.S. electricity grid. These proj
ARLINGTON, Va., July 25, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), announced today that it will report earnings for the third quarter ended June 30, 2024 on Wednesday, August 7th, 2024, after market close. The Company will conduct a teleconference starting at 8:30 a.m. ET on Thursday, August 8th, 2024, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q3 Earnings Call Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audience participants, and no
BENGALURU, India, July 24, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ:FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, today announced its Digital Services Center (DSC) has expanded with a new Remote Monitoring and Diagnostics Center (RMDC) in India. The RMDC is co-located with Fluence's Global Innovation Center in Bengaluru and will bring together experts from across the business to drive innovative customer solutions. Fluence's DSC is expected to serve as a central hub for applying operational data intelligence to the global fleet of assets managed by Fluence's team across 47 markets and wi
10-Q - Fluence Energy, Inc. (0001868941) (Filer)
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10-Q - Fluence Energy, Inc. (0001868941) (Filer)
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8-K - Fluence Energy, Inc. (0001868941) (Filer)
8-K - Fluence Energy, Inc. (0001868941) (Filer)
8-K - Fluence Energy, Inc. (0001868941) (Filer)
Exane BNP Paribas upgraded Fluence from Underperform to Neutral and set a new price target of $22.00
Citigroup downgraded Fluence from Buy to Neutral and set a new price target of $24.00 from $32.00 previously
Jefferies initiated coverage of Fluence with a rating of Buy and set a new price target of $26.00
Guggenheim upgraded Fluence from Neutral to Buy and set a new price target of $26.00
Scotiabank initiated coverage of Fluence with a rating of Sector Perform and set a new price target of $21.00
Truist initiated coverage of Fluence with a rating of Buy and set a new price target of $25.00
Guggenheim downgraded Fluence from Buy to Neutral
Raymond James upgraded Fluence from Mkt Perform to Outperform and set a new price target of $22.00
Susquehanna upgraded Fluence from Neutral to Positive and set a new price target of $24.00
JP Morgan upgraded Fluence from Neutral to Overweight and set a new price target of $23.00
ARLINGTON, Va., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), announced today that it will report earnings for the fourth quarter and fiscal year ended September 30, 2024 on Monday, November 25th, 2024, after market close. The Company will conduct a teleconference starting at 8:30 a.m. EST on Tuesday, November 26th, 2024, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q4 Earnings Call Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audi
ARLINGTON, Va., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), a leading global provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three and nine months ended June 30, 2024. Financial Highlights for Third Fiscal Quarter ended June 30, 2024 Revenue of approximately $483.3 million, which represents a decrease of approximately 10% from the same quarter last year, primarily driven by timing of product deliveries.GAAP gross profit margin improved to approximately 17.2%, compared to approximately 4.1% for the same quarter last year, reflecting Compan
ARLINGTON, Va., July 25, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), announced today that it will report earnings for the third quarter ended June 30, 2024 on Wednesday, August 7th, 2024, after market close. The Company will conduct a teleconference starting at 8:30 a.m. ET on Thursday, August 8th, 2024, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q3 Earnings Call Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audience participants, and no
ARLINGTON, Va., May 08, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), a leading global provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three and six months ended March 31, 2024. Financial Highlights for Second Fiscal Quarter ended March 31, 2024 Revenue of approximately $623.1 million, which represents a decrease of approximately 11% from the same quarter last year, primarily driven by timing of product deliveries.GAAP gross profit margin improved to approximately 10.3%, compared to approximately 4.4% for the same quarter last year.Adjus
ARLINGTON, Va., April 22, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), announced today that it will report earnings for the second quarter ended March 31, 2024 on Wednesday, May 8th, 2024, after market close. The Company will conduct a teleconference starting at 8:30 a.m. EST on Thursday, May 9th, 2024, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q2 Earnings Call Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audience participants, and non-
ARLINGTON, Va., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three months ended December 31, 2023. Financial Highlights for First Fiscal Quarter ending December 31, 2023 Quarterly revenue of approximately $364.0 million, which represents an increase of 17% from the same quarter last year.GAAP gross profit margin improved to approximately 10.0%, compared to approximately 3.9% for the same quarter last year.Adjusted gross profit margin1 improved to approximately 10.5
ARLINGTON, Va., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), announced today that it will report earnings for the first quarter ended December 31, 2023 on Wednesday, February 7th, 2024, after market close. The Company will conduct a teleconference starting at 8:30 a.m. EST on Thursday, February 8th, 2024, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q1 Earnings Call Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audience participant
Fluence Appoints Ahmed Pasha as Chief Financial Officer Fluence Expects to Meet or Exceed Guidance for Fiscal Year 2023 Revenues and Adjusted Gross Profit; Announces Fourth Quarter 2023 Earnings Release Date ARLINGTON, Va., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), a leading global provider of energy storage products and services, and optimization software for renewables and storage, today announced that Ahmed Pasha will succeed Manavendra Sial (Manu) as Senior Vice President and Chief Financial Officer of the Company, effective January 1, 2024. Mr. Pasha has most recently served as Chief Financial Officer of the US Utiliti
Raising Full Fiscal Year 2023 Guidance on Strong Quarterly Execution Secured US Battery Cells to Support Domestic Content Requirements Under Inflation Reduction Act ARLINGTON, Va., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three months ended June 30, 2023. Financial Highlights for Third Fiscal Quarter of 2023 Quarterly revenue of approximately $536.4 million which represents an increase of 124% year-over-year.GAAP gross profit margin improved to approxima
ARLINGTON, Va., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), announced today that it will report earnings for the third quarter ended June 30, 2023 on Wednesday, August 9th, 2023, after market close. The Company will conduct a teleconference starting at 8:30 a.m. EDT on Thursday, August 10th, 2023, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q3 Earnings Call Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time. General audience participants, and
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Piper Sandler analyst Kashy Harrison maintains Fluence Energy (NASDAQ:FLNC) with a Neutral and lowers the price target from $18 to $16.
B of A Securities analyst Julien Dumoulin-Smith maintains Fluence Energy (NASDAQ:FLNC) with a Buy and lowers the price target from $29 to $28.
JP Morgan analyst Mark Strouse maintains Fluence Energy (NASDAQ:FLNC) with a Overweight and raises the price target from $25 to $28.
Scotiabank initiates coverage on Fluence Energy (NASDAQ:FLNC) with a Sector Perform rating and announces Price Target of $21.
During the last three months, 6 analysts shared their evaluations of Fluence Energy (NASDAQ:FLNC), revealing diverse outlooks from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 2 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 0 2 0 0 Analysts have set 12-month price targets for Fluence Energy, revealing an average target of $29.33, a high estimate of $47.00, and a low estimate of $18.00. A decline of 14.24% from the prior average price targ
Truist Securities analyst Jordan Levy initiates coverage on Fluence Energy (NASDAQ:FLNC) with a Buy rating and announces Price Target of $25.
U.S. stocks were higher, with the Dow Jones index surging around 200 points on Monday. Shares of Corning Incorporated (NYSE:GLW) rose sharply during Monday's session after the company increased its second-quarter core sales guidance. The company said it now projects core sales to be approximately $3.6 billion (vs. consensus of $3.41 billion), an increase from the previous guidance of $3.4 billion. Core EPS is expected to reach the high end of, or slightly exceed, the management's guided range of $0.42 to $0.46 (vs. estimate of $0.45). Corning shares jumped 9.4% to $42.05 on Monday. Here are some other big stocks recording gains in today’s session. Morphic Holding, Inc. (NASDA