Fluence Energy

Fluence Energy, Inc. engages in energy storage products and services, and artificial intelligence-enabled digital applications for renewables, and storage. It also offers delivery and recurring operational services, as well as financing structuring services, such as energy-storage-as-a-service. Its products include Gridstack, Sunstack, and Edgestack. The company was founded on June 21, 2021, and is headquartered in Arlington, VA.

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Fluence Energy excels in Q1 2023, eyes international expansion

Fluence Energy's Q1 2023 performance showcased strong revenue, strategic growth initiatives, and supply chain advancements. The company's focus on non-GAAP measures, customer-centric approach, and digital expansion position it well for future growth and profitability.

Fluence Energy reports record revenue and raises guidance for 2023

Fluence Energy's Q2 2023 earnings call showcased impressive financial performance, strong growth in recurrent revenue businesses, and a focus on strategic objectives for sustainable growth. While challenges exist in transitioning to higher margin contracts, the company's increased revenue guidance and margin improvement strategies offer promising opportunities for future profitability.

Fluence Energy reports robust Q3 earnings, eyes market expansion

Fluence Energy's Q3 performance showcased revenue growth, margin challenges, and digital business strength, with raised revenue guidance for '23 and '24.
The company's strategic objectives focus on profitable growth, product development, and financial improvement, supported by strong demand outlook and market dynamics.
While facing challenges in margin maintenance and customer retention, Fluence Energy is well-positioned to capitalize on market opportunities in storage and software solutions.
Overall, Fluence Energy's financial performance, strategic partnerships, and innovation efforts position the company for sustained growth and profitability in the energy sector.

Fluence Energy reports robust Q4 earnings and eyes growth opportunities

Fluence Energy's Q4 2023 performance showcased strong revenue, gross profit, and EBITDA, with a positive outlook for fiscal '24.
The company's strengths lie in margin confidence, EBITDA growth prospects, and growth in storage and renewable energy projects.
Challenges include pipeline composition, backlog concentration, and deposit financing, while opportunities exist in product development and market expansion.

Fluence Energy reports record revenue and backlog growth in Q1

Fluence Energy's Q1 2024 performance showcased strong revenue, order intake, and backlog growth, with a focus on cost management and supply chain resilience.
The company faces challenges in managing negative adjusted EBITDA, potential margin risks, and project timing concerns, requiring proactive strategies.
Opportunities in domestic content batteries, EU policy support, and AI data center power needs present avenues for growth and diversification.
Overall, Fluence Energy's strategic progress, resilient supply chain, and readiness to capitalize on incentives position it well for future growth and success.

Fluence Energy achieves first full-year profit, anticipates strong growth

Fluence Energy delivered a strong financial performance, marking its first full-year profit and demonstrating solid revenue growth. While facing challenges related to market dynamics and operational factors, the company's strategic focus on innovation and supply chain resilience opens up promising opportunities for future growth and success.

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Fluence Energy, Inc. engages in energy storage products and services, and artificial intelligence-enabled digital applications for renewables and storage. The company was founded on June 21, 2021, and is headquartered in Arlington, VA.

Although the revenue and EPS for Fluence Energy, Inc. (FLNC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Fluence Energy, Inc. (FLNC) Q4 Earnings: A Look at Key Metrics

Fluence Energy, Inc. (NASDAQ:FLNC ) Q4 2023 Earnings Conference Call November 29, 2023 8:30 AM ET Company Participants Julian Nebreda - President & CEO Manu Sial - SVP & CFO Ahmed Pasha - incoming CFO Rebecca Boll - SVP & Chief Product Officer Lexington May - VP, IR Conference Call Participants George Gianarikas - Canaccord Genuity Brian Lee - Goldman Sachs Andrew Crocco - Morgan Stanley Joseph Osha - Guggenheim Partners Dylan Nassano - Wolfe Research Ben Kallo - Robert W. Baird Kashy Harrison - Piper Sandler Alex Vrabel - Bank of America Chris Ellinghaus - Siebert Williams Shank Pavel Molchanov - Raymond James Ameet Thakkar - BMO Capital Markets Thomas Curran - Seaport Research Partners Operator Good day, and thank you for standing by.

Fluence Energy, Inc. (FLNC) Q4 2023 Earnings Call Transcript

Fluence Energy Inc shares surged 26% to $25.45 in early Wednesday trading after the energy storage products and services provider reported its first-ever quarterly profit and better-than-expected sales.  Fluence posted fourth quarter adjusted earnings of $0.10 per share, up from a $0.24 per-share loss a year earlier, on revenue that rose 52% year over year to $673 million.

Fluence Energy stock soars on surprise profit, rosy outlook

FLNC stock jumped 27% Wednesday on better-than-expected earnings and revenue.

This Renewable Energy Storage Stock Just Turned Its First Profit

Achieved Record Annual Revenue and Quarterly Profitability Milestone

Fluence Energy, Inc. Reports Fourth Quarter and Full Fiscal Year 2023 Financial Results

ARLINGTON, Va., Nov. 27, 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 it has entered into a new four-year $400 million Asset Backed Lending (“ABL”) credit facility maturing in November 2027.

Fluence Energy, Inc. Announces Closing of New $400 Million Asset-Backed Lending Facility

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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.

Fluence Energy, Inc. Announces Executive Transition

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MELBOURNE, Australia, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and optimisation software for renewables and storage, today announced that it has won the Gold Award in the Battery Storage Project of the Year category at Asian Power Awards 2023 for the successful delivery of the 150 MW / 150 MWh Hazelwood Battery Energy Storage System (BESS) jointly funded and developed by ENGIE and Eku Energy.

Fluence Wins the Gold Award for Battery Storage Project of the Year at Asian Power Awards 2023

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Fluence Energy, Inc. (FLNC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Fluence Energy, Inc. (FLNC) Moves 14.4% Higher: Will This Strength Last?

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ARLINGTON, Va., Oct. 12, 2023 (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 the launch of Gridstack Pro, an advanced energy storage solution built for the next era of utility-scale projects.

Fluence Unveils Gridstack Pro, Improving Delivery Speed and Performance for the Next Era of Utility-Scale Projects

Fluence named top battery-based energy storage provider in 2023 Battery Energy Storage System Integrator Report published by S&P Global Commodity Insights.

Fluence Named Top Battery-Based Energy Storage Provider in S&P Global Commodity Insights Report

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The 100 MW energy storage system will utilise Fluence's product ecosystem, including Fluence Gridstack™, a 20-year service agreement, Mosaic™ AI-powered bidding software, and Nispera™ asset performance management software The 100 MW energy storage system will utilise Fluence's product ecosystem, including Fluence Gridstack™, a 20-year service agreement, Mosaic™ AI-powered bidding software, and Nispera™ asset performance management software

Fluence Selected by Tilt Renewables to Deliver the Latrobe Valley Battery Energy Storage System in Australia

LONDON, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Varco Energy (Varco), a pioneering UK-based battery-based energy storage asset owner and operator, has chosen Fluence Energy UK Ltd. (Fluence), a subsidiary of Fluence Energy, Inc. (NASDAQ: FLNC) to deliver one of its first battery-based energy storage systems in the United Kingdom. The 57 MW / 137.5 MWh project, named Sizing John, will be deployed at a substation in Rainhill, south of St Helens. It will support National Grid Energy System Operator (NGESO) in balancing the power grid as more intermittent renewables come online, by providing a suite of fast-acting flexibility services. The project will also trade on wholesale power markets to help load shift excess renewable energy into periods of peak demand, as well as support energy security through participating in the capacity market.

Varco Energy chooses Fluence to deliver battery energy storage project providing critical grid flexibility in Great Britain

Fluence has received a TM-2 Certificate of Approval in New York City for its 6th generation energy storage product, becoming one of the few storage system providers to meet strict safety requirements set by the Fire Department of New York Fluence has received a TM-2 Certificate of Approval in New York City for its 6th generation energy storage product, becoming one of the few storage system providers to meet strict safety requirements set by the Fire Department of New York

Fluence Secures Energy Storage Safety Certification under New York City's Strict Fire Safety Rules

Fluence Energy, a leading player in the battery storage sector, is positioned for strong growth due to robust public investments in battery storage and two internal catalysts. The company operates in both hardware and software sides of energy storage, with advanced software products leveraging AI and machine learning. Public incentives for energy storage, such as tax credits and government funding, further support Fluence's growth prospects.

Riding The Green Wave: Fluence Energy Is A Top Pick

Fluence's India Innovation Centre, located in Bangalore, will serve as a global center of excellence to support Fluence's rapid growth in providing customers with market-leading energy storage products, services, and software Fluence's India Innovation Centre, located in Bangalore, will serve as a global center of excellence to support Fluence's rapid growth in providing customers with market-leading energy storage products, services, and software

Fluence Announces Opening of India Innovation Centre to Support Rapid Expansion of Global Operations

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Growth stock Fluence Energy reported third-quarter earnings with improved profit margins. Tax credits may help increase margins further.

Fluence Energy Short-Circuits After Improved Earnings; Energy Play Stands To Benefit From Inflation Reduction Act

Fluence Energy, Inc. (NASDAQ:FLNC ) Q3 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants Lexington May - VP, IR Julian Nebreda - President and CEO Manavendra Sial - SVP and CFO Rebecca Boll - SVP and Chief Product Officer Conference Call Participants James West - Evercore ISI Brian Lee - Goldman Sachs Justin Clare - ROTH MKM Julien Dumoulin-Smith - Bank of America Merrill Lynch Benjamin Kallo - Baird Pavel Molchanov - Raymond James Tom Curran - Seaport Research Craig Shere - Tuohy Operator Thank you for standing by and welcome to the Fluence Energy Inc. Q3 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Fluence Energy, Inc. (FLNC) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Fluence Energy, Inc. (FLNC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

News for Fluence Energy Stock (FLNC)