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Utilities · Renewable Utilities · United States · Updated May 10, 3:30pm
$24.16
Price
$4.5B
Market Cap
1,595
Employees
2.62
Beta
Julian Jose Nebreda Marquez
CEO
Business Description
Fluence Energy, Inc. provides energy storage products and services, and artificial intelligence enabled 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. Its energy storage products include Gridstack, a grid-scale industrial strength energy storage product; Sunstack for optimizing solar capture and delivery; and Edgestack, a commercial energy storage product that discharges when needed to flatten a facility's energy load profile. The company serves utilities, developers, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia. Fluence Energy, Inc. is a joint venture of Siemens Aktiengesellschaft and The AES Corporation.
Business History
Price Overview
Last updated: May 11, 2026 1:58pm (just now)$26.08
+1.92 (+7.95%)
Day Range
$22.22 – $27.39
52-Week Range
$4.40 – $33.51
50-Day MA
$14.67
200-Day MA
$16.02
Volume
20,214,597.35
Analyst Price Targets
Low
$8.00
Consensus
$19.21
High
$32.00
(66 analysts)
Share Structure
Outstanding
131,455,628.00
Float
65,716,096.00
Free Float
50.0%
Moderate free float
— 50.0% of shares trade freely, ~50% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-65.30
Stock Price: $24.16
EPS (Diluted): -0.37
EPS (Diluted): -0.37
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.28
Stock Price: $24.16
Total Equity: $429.60M
Shares: 130,307,162
Total Equity: $429.60M
Shares: 130,307,162
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-442.37
Market Cap: $4.46B
Total Debt: $390.80M
Cash: $690.77M
EBITDA: -$16.99M
Total Debt: $390.80M
Cash: $690.77M
EBITDA: -$16.99M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.7B
Market Cap: $4.46B
Total Debt: $390.80M
Cash: $690.77M
Total Debt: $390.80M
Cash: $690.77M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
13.1%
Gross Profit: $295.79M
Revenue: $2.26B
Revenue: $2.26B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-2.0%
Operating Income: -$46.34M
Revenue: $2.26B
Revenue: $2.26B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-2.1%
Net Income: -$48.31M
Revenue: $2.26B
Revenue: $2.26B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-10.5%
Net Income: -$48.31M
Total Equity: $429.60M
Total Equity: $429.60M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-5.4%
Operating Income: -$46.34M
Tax Rate: -50.8%
Equity: $429.60M
Total Debt: $390.80M
Cash: $690.77M
Tax Rate: -50.8%
Equity: $429.60M
Total Debt: $390.80M
Cash: $690.77M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.51
Current Assets: $2.06B
Current Liabilities: $1.37B
Current Liabilities: $1.37B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.91
Short-Term Debt: $0.00
Long-Term Debt: $390.80M
Total Debt: $390.80M
Total Equity: $429.60M
Long-Term Debt: $390.80M
Total Debt: $390.80M
Total Equity: $429.60M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$17.37
Revenue: $2.26B
Shares: 130,307,162
Shares: 130,307,162
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$3.30
Total Equity: $429.60M
Shares: 130,307,162
Shares: 130,307,162
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.35
Operating CF: -$145.54M
CapEx: -$29.80M
Shares: 130,307,162
CapEx: -$29.80M
Shares: 130,307,162
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $24.16
Stock Price: $24.16
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$48.31M
Net Income: -$48.31M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares FLNC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $680.8M | $1.2B | $2.2B | $2.7B | $2.3B |
| Cost of Revenue | $749.9M | $1.3B | $2.1B | $2.4B | $2.0B |
| Gross Profit | -$69.1M | -$62.4M | $141.0M | $341.1M | $295.8M |
| Operating Expenses | $89.3M | $221.2M | $253.6M | $314.5M | $342.1M |
| Operating Income | -$158.5M | -$283.5M | -$112.6M | $26.6M | -$46.3M |
| Net Income | -$162.0M | -$289.2M | -$69.6M | $22.7M | -$48.3M |
| EBITDA | -$153.6M | -$276.4M | -$101.9M | $41.1M | -$17.0M |
| EPS | $-2.99 | $-4.15 | $-0.60 | $0.18 | $-0.37 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $36.8M | $357.3M | $345.9M | $448.7M | $690.8M |
| Total Current Assets | $661.5M | $1.6B | $1.2B | $1.7B | $2.1B |
| Total Assets | $717.7M | $1.7B | $1.4B | $1.9B | $2.4B |
| Current Liabilities | $771.5M | $1.1B | $745.7M | $1.3B | $1.4B |
| Long-Term Debt | $0 | $0 | $28.0M | $0 | $390.8M |
| Total Liabilities | $773.9M | $1.1B | $795.8M | $1.3B | $1.8B |
| Total Equity | -$56.2M | $435.8M | $402.3M | $472.1M | $429.6M |
| Retained Earnings | -$279.3M | -$104.5M | -$174.2M | -$151.4M | -$199.8M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$265.3M | -$282.4M | -$111.9M | $79.7M | -$145.5M |
| Capital Expenditure | -$4.3M | -$7.9M | -$12.2M | -$19.0M | -$29.8M |
| Free Cash Flow | -$269.6M | -$290.3M | -$124.2M | $60.7M | -$175.3M |
| Acquisitions (net) | -$18.0M | -$29.2M | -$5.0M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$5.0M | -$2.8M | -$1.7M | $-753,000 |
| Net Change in Cash | -$57.0M | $391.7M | $33.0M | $56.0M | $195.9M |
Analyst Estimates (Annual)
| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$4.1B $3.8B – $4.6B
|
$4.8B $4.8B – $4.8B
|
$6.4B $5.8B – $6.9B
|
$7.2B $6.5B – $7.8B
|
| EBITDA |
-$405.5M -$454.6M – -$377.1M
|
-$475.3M -$477.7M – -$473.0M
|
-$628.3M -$679.2M – -$572.2M
|
-$710.8M -$768.4M – -$647.3M
|
| Net Income |
$24.9M $18.3M – $31.4M
|
$40.9M $6.5M – $75.3M
|
$130.3M $115.2M – $144.0M
|
$165.5M $146.3M – $182.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +76.1% | +85.0% | +21.7% | -16.1% |
| Gross Profit Growth | +9.8% | +326.1% | +142.0% | -13.3% |
| Operating Income Growth | -78.9% | +60.3% | +123.6% | -274.1% |
| Net Income Growth | -78.5% | +75.9% | +132.6% | -312.7% |
| EBITDA Growth | -79.9% | +63.1% | +140.3% | -141.3% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-12 | Al-Darwish Fahad Abdulla MM | 0.00 | $0.00 | $0 | |
| 2026-03-17 | von Heynitz Harald | M-Exempt | 32,348.00 | $0.00 | $0 |
| 2026-03-18 | von Heynitz Harald | S-Sale | 10,000.00 | $16.50 | $165,019 |
| 2026-03-17 | von Heynitz Harald | M-Exempt | 32,348.00 | $0.00 | $0 |
| 2026-03-17 | Fessenden Elizabeth Anne | M-Exempt | 32,348.00 | $0.00 | $0 |
| 2026-03-17 | Fessenden Elizabeth Anne | M-Exempt | 32,348.00 | $0.00 | $0 |
| 2026-03-17 | Arnold Cynthia A | M-Exempt | 32,348.00 | $0.00 | $0 |
| 2026-03-17 | Arnold Cynthia A | M-Exempt | 32,348.00 | $0.00 | $0 |
| 2026-03-17 | BULLS HERMAN E | M-Exempt | 32,348.00 | $0.00 | $0 |
| 2026-03-17 | BULLS HERMAN E | M-Exempt | 32,348.00 | $0.00 | $0 |
| 2026-03-12 | Fessenden Elizabeth Anne | A-Award | 10,658.00 | $0.00 | $0 |
| 2026-03-12 | von Heynitz Harald | A-Award | 10,658.00 | $0.00 | $0 |
| 2026-03-12 | Arnold Cynthia A | A-Award | 10,658.00 | $0.00 | $0 |
| 2026-03-12 | BULLS HERMAN E | A-Award | 10,658.00 | $0.00 | $0 |
| 2026-02-18 | Philpot Michelle | A-Award | 6,262.00 | $17.43 | $109,147 |
| 2026-02-18 | Zahurancik John | A-Award | 17,453.00 | $17.43 | $304,206 |
| 2026-02-18 | Monday Jeffrey Richard | A-Award | 17,453.00 | $17.43 | $304,206 |
| 2026-02-18 | Williams Peter Bennett | A-Award | 20,943.00 | $17.43 | $365,036 |
| 2026-02-18 | Mathis Vincent | A-Award | 20,943.00 | $17.43 | $365,036 |
| 2026-02-18 | Pasha Ahmed | A-Award | 23,997.00 | $17.43 | $418,268 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27