Fluence Energy, Inc.
FLNC · Price history
Price at last available close
$6.19
−$1.31 (-17.47%) 1M
2026-10-28
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Company & revenue
About Fluence Energy, Inc.
Primary reporting period: 2025-09-30 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Fluence Energy, Inc. (FLNC) is a global provider of sophisticated energy storage systems and AI-powered digital applications, specifically designed for renewable energy integration and overall storage optimization. The company's core offering encompasses integrated energy storage products, blending advanced hardware, proprietary software, and intelligent digital controls. Alongside these products, Fluence delivers comprehensive services, including expert engineering and deployment support, ongoing operational maintenance, and a flexible 'energy storage-as-a-service' model.
How they make money
Fluence generates revenue primarily through the sale of integrated energy storage products, which include hardware, software, and digital intelligence. Additionally, the company earns revenue by providing long-term operations and maintenance services for energy storage assets and by licensing its asset optimization software to renewable energy and storage operators.
Products & services
Energy storage products (Gridstack, Gridstack Pro, Ultrastack, Smartstack), operational and maintenance services, and digital asset optimization software.
Brands & revenue mix
Flagship utility-scale energy storage product line.
Separate brand revenue is not available in this research.Source
Energy storage solution for transmission and distribution networks.
Separate brand revenue is not available in this research.Source
Modular energy storage system with integrated intelligence.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
For fiscal year 2025, the company's two largest customers represented approximately 41% of total revenues.
Suppliers, materials & equipment
- Battery cell manufacturers — The company relies on a limited number of third-party suppliers for lithium-ion battery cells, which are critical components of its energy storage systems.Source
Business relationships & partnerships
Competitors
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS turned negative at -0.24 versus 0.02 a year earlier.
Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
29
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
41
Weak
Financial Strength
34
Business Quality / Moat
73
Management
0
Growth Quality
74
Risk / Durability
14
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
36
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
46/100
Building Historical Record
Model Score 46/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for FLNC
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can FLNC maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can FLNC fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does FLNC's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for FLNC to reach sustainable profitability?
- •What future growth or profitability would be needed to justify FLNC's current valuation?
Essential Investment Snapshot
Wall Street Score
29
Opportunity Score
36
Market Cap
$1.24B
P/E Ratio
-12.8
EPS
$-0.60
52-Week High
$33.51
52-Week Low
$7.01
Beta
2.74
Analyst Target
$10.00
Shares Outstanding
130.3M
Total Revenue
$2.63B
Total Debt
$392.2M
Dividend
No current dividend
Liquidation Value / Share
$3.31
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for FLNC
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~-11.3x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on FLNC.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Strong market position as a global leader in energy storage and digital optimization.
- +Strategic backing and technology access from founding partners Siemens and AES.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Renewable Utilities industry.
- −High customer concentration and reliance on a limited number of suppliers for battery cells.
- −Exposure to supply chain disruptions and fluctuations in raw material costs.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
29
Sep 24, 2026
Change
Unchanged
Current Score
29
Oct 1, 2026
Category Changes
FLNC score was unchanged.
Projected Score
Projected Score
23
Projected Change
-6.2 points
Preliminary comparable-period financial changes suggest decline of approximately 6.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$6.19
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.63B | $2.26B | $2.70B | $2.22B | ···· | ···· | ···· | ···· |
| Cost of Revenue | $2.39B | $1.97B | $2.36B | $2.08B | ···· | ···· | ···· | ···· |
| Gross Profit | $241.5M | $295.8M | $341.1M | $141.0M | ···· | ···· | ···· | ···· |
| Research & Development | $84.2M | $86.2M | $66.2M | $66.3M | ···· | ···· | ···· | ···· |
| SG&A Expenses | $257.0M | $242.6M | $236.8M | $177.4M | ···· | ···· | ···· | ···· |
| Operating Expenses | $348.2M | $342.1M | $314.5M | $253.6M | ···· | ···· | ···· | ···· |
| EBITDA | -$33.0M | -$17.0M | $41.1M | -$101.9M | ···· | ···· | ···· | ···· |
| Operating Income | -$106.6M | -$46.3M | $26.6M | -$112.6M | ···· | ···· | ···· | ···· |
| Interest Expense | $11.1M | $4.1M | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| Income Before Tax | -$95.6M | -$45.1M | $39.6M | -$100.3M | ···· | ···· | ···· | ···· |
| Income Tax Expense | $16.5M | $22.9M | $9.2M | $4.5M | ···· | ···· | ···· | ···· |
| Net Income | -$80.9M | -$48.3M | $22.7M | -$69.6M | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.60 | $-0.37 | $0.18 | $-0.60 | ···· | ···· | ···· | ···· |
| Basic Shares | 138M | 130M | 126M | 116M | ···· | ···· | ···· | ···· |
| Diluted Shares | 138M | 130M | 184M | 116M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$649.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.24
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+0.5%
Cash Change
-22.2%
Margin Change
-6.1 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth. Pressure indicators included EPS growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 7.9%. EPS declined 1668.6%. Cash declined 22.2%. Total debt increased 0.5%. Net income margin declined by 6.1 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Renewable UtilitiesNews
FLNC SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Reminds Fluence Energy (FLNC) Investors of Securities Class Action Lawsuit Deadline on November 30, 2026
FLNC DEADLINE: SueWallSt Reminds Fluence Energy, Inc. Investors of Upcoming Securities Class Action Deadline
FLNC Investors Have Opportunity to Lead Fluence Energy, Inc. Securities Fraud Lawsuit with SBS Law
Kaplan Fox Alerts Investors to a Deadline for a Securities Fraud Class Action Lawsuit Against Fluence Energy, Inc. (FLNC) on November 27, 2026
Rumor Mill · FLNC
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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