Fluence Energy, Inc. (FLNC) Stock

Fluence Energy, Inc. (FLNC) is a Industrials stock trading at $11.39 (as of 2026-08-20), with a market capitalization of $1.57B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Fluence Energy, Inc. supplies energy storage products and related services, including engineering and delivery, operations and maintenance, and energy storage-as-a-service, along with AI-enabled digital applications for renewables and storage. Its offerings include Gridstack, Sunstack, and Edgestack, serving utilities, developers, and commercial and industrial customers.

Understand Fluence Energy, Inc.: how it makes money

Fluence Energy builds energy storage systems and renewables-focused digital applications, selling integrated hardware plus software and “digital intelligence,” along with engineering and delivery services, operational and maintenance, energy storage-as-a-service, and digital solutions.

The profit engine is tied to turning contract commitments into revenue, because investors can track long-term deal conversion through Remaining Performance Obligations alongside growth in recurring services and digital (Annual Recurring Revenue).

Business quality (Weak): The business shows positive gross margin (10.0%) but an operating loss in the latest quarter (operating margin -6.0%), so near-term profitability is a key watch item even as pipeline and contract metrics point to future monetization.

Bull case

  • Long-term demand visibility: Remaining Performance Obligations are 2.1 USD_B, supported by Utility Scale Pipeline of 30.1 USD_B.
  • Recurring and deployed base: Annual Recurring Revenue is tracked at 0.02 USD_B, and the company reports Long-Term Services Cumulative Deployed Attachment Rate of 90% with 1,500,000 Deployed Energy Storage Solutions (counts).

Bear case

  • Profitability is currently challenged: Gross margin is 10.0% while operating margin is -6.0% in the latest quarter.
  • Execution and mix risks: Revenue Impact From Shipping Delay is 0.08 USD_B, and reported revenue composition includes Legacy Contracts Revenue of 0.6 USD_B and Revenue From Related Parties of 0.18 USD_B, which can complicate comparability and forward expectations.
Valuation — source: SEC EDGAR (first-party)
Price$11.39
Market Cap$1.57B
Price / Book3.65
Price / Sales0.60
FCF Yield-33.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.26B
Net Margin-2.1%
Revenue Growth (YoY)7.9%
EPS Growth (YoY)-580.0%
FCF Growth (YoY)-87.3%
Financial Health — source: SEC EDGAR
Altman Z-Score1.62 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderSIEMENS PENSION TRUST E V ($437.03M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEOJulian Jose Nebreda Marquez
Employees1,595
CountryUS
IPO Date2021-10-28

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FLNC earnings history · FLNC institutional & insider holders · FLNC KPIs & operating metrics · FLNC financials · FLNC investor presentations & press releases · FLNC SEC filings · FLNC peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.