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NASDAQ · US · Utilities - Renewable

FLNC Fluence Energy

Grid-scale storage systems

Easing At least one of its supply chains is easing. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$5.55
−0.63% today
1W
−5.2%
1M
−29.2%
3M
−56.0%
YTD
−71.9%
1Y
−71.5%
Off 52w high
−82.8%
Next earnings (est.): 2026-11-23
Market cap$1.09B
P/E (trailing)—Forward -12.4
EV / sales0.4×EV/EBITDA -12.2×
Revenue (TTM)$2.63BGrowth 7.9% y/y
Margins9.4%gross · op -8.8%
Free cash flow$2.42MCash $339M · debt $413M
Analyst target$8.35+50.3% upside · 20 analysts · hold
Riskβ 2.77Short 44.3% of float

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

FLNC · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-08-05EarningsMiss / cut

    Reported EPS -0.19 vs 0.01 expected (-1997.7% surprise).

  2. 7
    2026-05-06EarningsBeat / raise

    Reported EPS -0.12 vs -0.18 expected (+32.5% surprise).

  3. 6
    2026-02-04EarningsMiss / cut

    Reported EPS -0.29 vs -0.2 expected (-46.2% surprise).

  4. 5
    2025-11-24EarningsMiss / cut

    Reported EPS 0.13 vs 0.23 expected (-42.5% surprise).

  5. 4
    2025-08-11EarningsBeat / raise

    Reported EPS 0.06 vs 0.01 expected (+296.4% surprise).

  6. 3
    2025-05-07EarningsBeat / raise

    Reported EPS -0.19 vs -0.21 expected (+12.0% surprise).

  7. 2
    2025-02-10EarningsMiss / cut

    Reported EPS -0.28 vs -0.22 expected (-28.1% surprise).

  8. 1
    2024-11-25EarningsBeat / raise

    Reported EPS 0.3 vs 0.29 expected (+4.3% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-08-050.01-0.19−1997.7%
2026-05-06-0.18-0.12+32.5%
2026-02-04-0.2-0.29−46.2%
2025-11-240.230.13−42.5%
2025-08-110.010.06+296.4%
2025-05-07-0.21-0.19+12.0%
2025-02-10-0.22-0.28−28.1%
2024-11-250.290.3+4.3%
2024-08-07-0.110.01+110.7%
2024-05-08—-0.03−475.2%
2024-02-07-0.15-0.08+48.2%
2023-11-28-0.060.03+156.2%
2023-08-09-0.18-0.13+24.3%
2023-05-10-0.21-0.21−1.6%
2023-02-08-0.23-0.22+5.8%
2022-12-12-0.28-0.36−29.1%
2022-08-15-0.3-0.86−187.6%
2022-05-11-0.28-1.0−254.9%
2022-02-09-0.31-0.82−161.4%
2021-12-08-0.27-0.13+50.7%

About Fluence Energy

Website ↗

Fluence Energy, Inc., through its subsidiaries, provides energy storage and optimization software for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It sells energy storage products with integrated hardware, software, and digital intelligence. The company's energy storage products include Gridstack Pro, a large-scale front-of-the-meter application; Gridstack, a front-of-the-meter application; Ultrastack for critical system requirements of distribution and transmission networks; Smartstack, a split architecture design, incorporating embedded intelligence and higher energy density compared to traditional AC systems; Fluence Mosaic, a conventional bidding software; and Fluence Nispera, an asset performance management (APM) software. The company also provides operational and maintenance services; and digital applications. It serves…

1,670 employees · Arlington, United States

Cell capacity is abundant but concentrated in China. Tariffs and foreign-entity rules make non-China supply the scarce version.

Cathode / anode→Cell→System→Grid

What would prove us wrong. Strengthens if non-China cell supply cannot meet US qualified demand.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
TSLA
Tesla
Megapack storage, Optimus and autonomy $394.9+6.08%+6.1%−12.2%
300750.SZ
CATL
Largest battery cell maker ¥238.0+0.17%−21.8%−33.9%
373220.KS
LG Energy Solution
Non-China cells incl. US LFP ₩375,000−2.09%+6.5%+1.8%
EOSE
Eos Energy
Zinc-based long-duration storage $1.68−2.66%−46.8%−85.3%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.