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Fluence Energy Inc - FLNC STOCK NEWS

Welcome to our dedicated news page for Fluence Energy (Ticker: FLNC), a resource for investors and traders seeking the latest updates and insights on Fluence Energy.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fluence Energy's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fluence Energy's position in the market.

News
Fluence and ENGIE’s latest storage project will expand critical energy hub in the Netherlands
Rhea-AI Summary
Fluence Energy, Inc. subsidiary, Fluence Energy B.V., chosen by ENGIE to implement a 35 MW / 100 MWh battery-based energy storage project at Maxima power plant in the Netherlands. The project aims to enhance energy security and flexibility in the Dutch electricity system amidst the country's ambitious emissions reduction goals. Fluence's partnership with ENGIE continues after the successful Hazelwood project in Australia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
none
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News
SSE Renewables partners with Fluence and OCU Energy to deliver their latest 150 MW / 300 MWh project
Rhea-AI Summary
SSE Renewables has chosen Fluence as the supplier for a 150MW / 300MWh battery energy storage system at Fiddler’s Ferry, Warrington. The project aims to balance energy supply and demand effectively, maximizing renewable technology usage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.25%
Tags
partnership
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News
Fluence Responds to Misleading Short Seller Report
Rhea-AI Summary
Fluence Energy, Inc. responds to a report by a short-seller, refuting claims and clarifying misrepresentations. The company addresses pending litigation with Siemens Energy, asserting it as a routine commercial dispute. Fluence maintains a strong relationship with Siemens AG despite legal matters. The report inaccurately suggests AES is moving away from Fluence, whereas Fluence remains AES' preferred supplier. The company emphasizes its commitment to corporate governance, internal controls, and shareholder value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.14%
Tags
none
News
MW Storage and Fluence partner to deliver their largest joint project in Germany after successful collaboration in Finland and Switzerland
Rhea-AI Summary
MW Storage AG selects Fluence Energy GmbH to deliver a large battery-based energy storage project in Germany, aimed at increasing power system flexibility and reducing electricity prices. The project will have a capacity to power 60,000 households for 2 hours, contributing to the predicted 23.7GW energy storage demand by 2037 and generating €12 billion in macro-economic value by 2050.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
partnership
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News
Fluence Energy, Inc. Reports Record $1.1 Billion Quarterly Order Intake, Resulting in Highest Ever Backlog; Reaffirms Fiscal 2024 Guidance
Rhea-AI Summary
Fluence Energy, Inc. (Nasdaq: FLNC) reported a record quarterly order intake and strong financial performance for the first fiscal quarter ending December 31, 2023. The company achieved a 17% increase in quarterly revenue, with a GAAP gross profit margin of 10.0% and an adjusted gross profit margin of 10.5%. The net loss decreased to approximately $25.6 million from $37.2 million for the same quarter last year. Additionally, the contracted backlog as of December 31, 2023, was approximately $3.7 billion, and the total cash increased to approximately $477 million. The company's strategic objectives include delivering profitable growth, developing products and solutions, converting the supply chain into a competitive advantage, and using Fluence Digital as a competitive differentiator and margin driver. The fiscal year 2024 guidance range for total revenue is $2.7 billion to $3.3 billion, with adjusted EBITDA guidance of $50 million to $80 million and annual recurring revenue (ARR) guidance of approximately $80 million by the end of fiscal year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
Tags
earnings
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News
Fluence Energy, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast
Rhea-AI Summary
Fluence Energy, Inc. (Nasdaq: FLNC) will report earnings for the first quarter ended December 31, 2023 on February 7th, 2024, after market close. A teleconference will be held on February 8th, 2024, at 8:30 a.m. EST to discuss the results. Analysts and general audience participants are encouraged to register and join the teleconference. Supplemental materials will be available on the company’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
earnings
News
Origin Selects Fluence to Deliver the 300 MW / 650 MWh Mortlake Power Station Battery in Australia
Rhea-AI Summary
Fluence Energy, Inc. (NASDAQ: FLNC) has been selected by Origin Energy Limited to deliver a 300 MW / 650 MWh battery at the Mortlake Power Station in southwest Victoria. The project aims to accelerate renewable energy and energy storage in Origin's portfolio, utilizing Fluence's Gridstack™ energy storage product and Nispera™ AI-powered asset performance management software. The battery is expected to be commissioned in late 2026, providing system strength to the grid and enabling the country's clean energy transition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.62%
Tags
none
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News
Fluence Named a Forbes 2024 Most Successful Mid-Cap Company
Rhea-AI Summary
Fluence Energy, Inc. has been named a Forbes 2024 Most Successful Mid-Cap Company, ranked 37 out of 100. The company is recognized for its strong performance in fiscal year 2023, offering energy storage solutions and optimization software for renewables and storage. Forbes used data from FactSet to compile the list, considering companies with a market value between $2 billion and $10 billion. Fluence was also named the top global provider of battery-based energy storage systems and has surpassed 20 GWh of contracted and installed energy storage projects globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
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News
Fluence Surpasses 20 GWh of Deployed and Contracted Battery-based Energy Storage Systems Globally
Rhea-AI Summary
Fluence Energy, Inc. has surpassed 20 GWh of deployed and contracted storage systems globally, marking a new era of scale in battery energy storage. The global battery storage market is rapidly growing, with front-of-the-meter additions projected to hit approximately 158 GWh annually by 2030. Fluence has partnered with customers to deploy some of the world’s largest and most complex energy storage systems, with a global fleet of nearly 3 million operating hours to date. The company is well-positioned to deliver new products and capabilities to the market while providing services, support, and digital solutions to help customers generate the most value from their operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
News
Fluence Mosaic Intelligent Bidding Software Expands to Optimize Hybrid Renewables and Storage Assets in California Independent System Operator Wholesale Power Market
Rhea-AI Summary
Fluence Energy, Inc. expands its Mosaic™ AI-powered bidding software to optimize hybrid renewables and storage assets in the California Independent System Operator (CAISO) wholesale power market. The software is expected to commence bidding operations for hybrid assets totaling 75 MW / 300 MWh in early 2024. Fluence is a leader in performance and bid optimization software products for managing renewable energy and storage assets, with a combined portfolio of more than 22.3 GW of assets contracted or under management globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.16%
Tags
none
Stock FLNC logo
Fluence Energy Inc

Nasdaq:FLNC

FLNC Rankings

#1930 Ranked by Market Cap
#1058 Ranked by Stock Gains
N/A Ranked by Dividends

FLNC Stock Data

2.88B
60.52M
31.56%
74.69%
10.76%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
US
Arlington

About FLNC

fluence is the leading global energy storage technology and services company, created and backed by siemens and aes, two industry powerhouses and pioneers in energy storage. fluence unites the scale, experience, breadth, and financial backing of the two most experienced icons in energy storage. our mission is to create a more sustainable future by transforming the way we power our world. energy storage is critical to this transformation, yet today the market is fragmented and customers face the challenge of finding a trusted technology partner amidst conflicting technical claims, inexperienced vendors and installers, and new market entrants with limited power sector knowledge. fluence brings the proven technology solutions and services that overcome the commercial and regulatory barriers that stand in the way of modernizing our energy networks. we are the partner that can deliver at a global scale with the most experienced and knowledgeable team in the world.