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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. The company also provides operational and maintenance services; and digital applications. It serves independent power producers, developers, conglomerates, utilities/load-serving entities, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Fluence Energy supplies utility-scale battery energy storage systems and grid software to utilities, developers and grid operators worldwide. Long-term growth may be supported by rising renewable penetration, greater need for flexible capacity and grid services, and policy incentives for storage, and its software and services could support recurring revenue which may make the company attractive to investors looking for exposure to electrification and grid modernization.
Key risks include execution and supply-chain challenges, intense competition and margin pressure from system commoditization, and sensitivity to policy, permitting and utility procurement cycles that could reduce revenue visibility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Income before tax | -45.07M | 39.57M | -100.27M | -287.82M | -160.17M |
| Minority interest | 19.68M | -7.65M | 35.20M | 184.69M | - |
| Net income | -48.31M | 22.72M | -104.82M | -289.18M | -162.00M |
| Selling general administrative | 163.07M | 173.00M | 136.31M | 116.71M | 38.16M |
| Selling and marketing expenses | 79.49M | 63.84M | 41.11M | 37.21M | 22.62M |
| Gross profit | 295.79M | 341.08M | 140.96M | -62.35M | -69.14M |
| Reconciled depreciation | 29.34M | 14.48M | 10.66M | 7.11M | 5.11M |
| Ebit | -46.34M | 26.62M | -105.66M | -285.80M | -158.74M |
| Ebitda | -16.99M | 41.10M | -95.82M | -278.69M | -153.63M |
| Depreciation and amortization | 29.34M | 14.48M | 9.84M | 7.11M | 5.11M |
| Operating income | -46.34M | 26.62M | -102.77M | -285.80M | -158.74M |
| Other operating expenses | 2309.17M | 2671.94M | 2320.75M | 1482.12M | 839.24M |
| Interest expense | 4.11M | - | 5.39M | 2.02M | 1.44M |
| Tax provision | 22.92M | 9.21M | 4.55M | 1.36M | 1.83M |
| Interest income | - | 5.68M | 5.39M | - | - |
| Net interest income | -4.11M | 5.68M | 5.39M | -2.02M | -1.44M |
| Income tax expense | 22.92M | 9.21M | 4.55M | 1.36M | 1.83M |
| Total revenue | 2262.83M | 2698.56M | 2217.98M | 1198.60M | 680.77M |
| Total operating expenses | 342.12M | 314.46M | 243.73M | 221.17M | 89.33M |
| Cost of revenue | 1967.05M | 2357.48M | 2077.02M | 1260.96M | 749.91M |
| Total other income expense net | 1.26M | 12.95M | 2.50M | -2.02M | -1.44M |
| Net income from continuing ops | -67.99M | 30.37M | -104.82M | -289.18M | -162.00M |
| Net income applicable to common shares | - | - | - | -104.48M | -162.00M |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Total assets | 2357.00M | 1902.19M | 1352.15M | 1745.65M | 717.67M |
| Intangible assets | 63.40M | 60.00M | 55.75M | 51.70M | 36.06M |
| Other current assets | 181.54M | 269.09M | 31.07M | 394.38M | 52.90M |
| Total liab | 1808.15M | 1295.05M | 795.82M | 1116.45M | 773.87M |
| Total stockholder equity | 429.60M | 472.10M | 402.35M | 629.21M | -173.43M |
| Deferred long term liab | - | - | - | 2.82M | 0.22M |
| Other current liab | 298.68M | 421.14M | 387.06M | 518.65M | 428.87M |
| Common stock | 0.00M | 0.00M | 0.00M | 0.00M | 106.15M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | - |
| Retained earnings | -199.76M | -151.45M | -174.16M | -383.79M | -279.30M |
| Other liab | - | - | - | 5.97M | 119.62M |
| Good will | 28.58M | 27.48M | 26.02M | 24.85M | 9.18M |
| Other assets | - | - | - | 51.42M | 2.72M |
| Cash | 690.77M | 448.69M | 345.90M | 357.30M | 36.83M |
| Total current liabilities | 1370.37M | 1258.84M | 745.66M | 1109.46M | 771.49M |
| Current deferred revenue | 720.37M | 312.66M | 273.16M | 273.07M | 71.36M |
| Net debt | -299.96M | -418.32M | -295.33M | -354.55M | 113.17M |
| Short term debt | 10.28M | 30.36M | 22.54M | 1.73M | 100.00M |
| Short long term debt | - | 30.36M | 22.54M | - | 100.00M |
| Short long term debt total | 390.80M | 30.36M | 50.56M | 2.74M | 150.00M |
| Other stockholder equity | 617.74M | 625.39M | 556.33M | 1012.99M | 106.15M |
| Property plant equipment | - | - | - | 16.16M | 8.21M |
| Total current assets | 2064.26M | 1680.44M | 1194.96M | 1601.53M | 661.51M |
| Net tangible assets | - | - | - | 359.28M | -218.67M |
| Short term investments | - | - | 0.00M | 110.36M | - |
| Net receivables | 736.93M | 780.07M | 378.31M | 86.77M | 182.00M |
| Long term debt | 390.80M | - | 28.02M | - | - |
| Inventory | 455.01M | 182.60M | 224.90M | 652.74M | 389.79M |
| Accounts payable | 321.00M | 436.74M | 62.90M | 304.90M | 158.37M |
| Accumulated other comprehensive income | 11.61M | -1.84M | 3.20M | 2.78M | -0.28M |
| Non currrent assets other | 146.39M | 110.03M | 31.64M | 48.39M | 1.54M |
| Non current assets total | 292.74M | 221.75M | 157.19M | 144.12M | 56.16M |
| Capital lease obligations | - | - | - | 2.74M | - |
| Breakdown | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 |
| Investments | -29.80M | -18.98M | 94.44M | -148.42M | -22.29M |
| Change to liabilities | - | - | - | 353.50M | 21.44M |
| Total cashflows from investing activities | -29.80M | - | - | -148.42M | -22.29M |
| Net borrowings | 368.63M | 0.00M | - | -100.00M | 96.66M |
| Total cash from financing activities | 356.88M | -8.68M | 52.59M | 817.05M | 231.13M |
| Change to operating activities | - | - | - | -53.81M | 213.26M |
| Net income | -67.99M | 22.72M | -104.82M | -289.18M | -162.00M |
| Change in cash | 195.92M | 55.98M | 33.01M | 391.65M | -56.98M |
| Begin period cash flow | 518.71M | 462.73M | 429.72M | 38.07M | 95.05M |
| End period cash flow | 714.63M | 518.71M | 462.73M | 429.72M | 38.07M |
| Total cash from operating activities | -145.54M | 79.69M | -111.93M | -282.38M | -265.27M |
| Issuance of capital stock | - | 0.00M | 0.00M | 947.99M | 125.00M |
| Depreciation | 29.34M | 14.48M | 10.66M | 7.11M | 5.11M |
| Other cashflows from investing activities | -14.91M | -10.86M | - | - | - |
| Change to inventory | -278.73M | 21.73M | 432.77M | -265.48M | -366.67M |
| Change to account receivables | 37.02M | -114.58M | -13.40M | -29.16M | -14.57M |
| Sale purchase of stock | -0.75M | -1.66M | -2.78M | -5.01M | - |
| Other cashflows from financing activities | -13.17M | -7.01M | 55.38M | -25.92M | 224.85M |
| Change to netincome | - | - | - | -107.48M | 40.01M |
| Capital expenditures | 29.80M | 18.98M | 12.22M | 7.93M | 4.29M |
| Change in working capital | -143.96M | -9.36M | -41.02M | -88.30M | -148.39M |
| Stock based compensation | 19.54M | 23.86M | 26.92M | 44.13M | - |
| Other non cash items | 11.18M | 25.35M | -6.22M | 43.34M | 41.36M |
| Free cash flow | -175.34M | 60.71M | -124.15M | -290.32M | -269.56M |
Sector: Utilities Industry: Utilities - Renewable
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FLNC Fluence Energy Inc |
0.13 2.47% |
5.40 | - | 67.11 | 0.66 | 3.61 | 0.53 | 19.43 |
| DNNGY Orsted A/S ADR |
-0.01 0.14% |
7.29 | 83.60 | 25.45 | 0.46 | 1.47 | 3.58 | 11.21 |
| OEZVY Verbund AG ADR |
0.32 2.08% |
15.70 | 10.72 | 13.53 | 2.57 | 3.06 | 2.51 | 6.50 |
| FOJCF Fortum Oyj |
-1.10 4.11% |
25.64 | 26.44 | 18.35 | 4.62 | 2.14 | 4.15 | 15.15 |
| AXICY AXIA Energia SA |
0.19 2.17% |
8.94 | 10.18 | 20.75 | 0.55 | 1.00 | 3.90 | 16.47 |
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. The company also provides operational and maintenance services; and digital applications. It serves independent power producers, developers, conglomerates, utilities/load-serving entities, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia.
| Name | Title | Year Born |
|---|---|---|
| Ms. Rebecca Boll | Sr. VP & Chief Product Officer | 1973 |
| Mr. Julian Jose Nebreda Marquez | Pres, CEO & Director | 1966 |
| Mr. Manavendra S. Sial | Sr. VP & CFO | 1977 |
| Mr. Brett Galura | Sr. VP of Fluence Next & CTO | NA |
| Mr. Samuel Chong | VP, Treasurer & Head of Investor Relations | 1974 |
| Mr. Francis A. Fuselier | Sr. VP, Gen. Counsel & Sec. | NA |
| Ms. Larissa Cerqueira | Chief HR Officer & Sr. VP | NA |
| Ms. Carol Couch | Sr. VP and Chief Supply Chain & Manufacturing Officer | 1964 |
| Mr. Marek Wolek | SVP, Chief Strategy & Commercial Officer | NA |
| Mr. John Zahurancik | Sr. VP & Pres of Americas | NA |
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