Fluence Energy, Inc. Stock Price, News & Analysis

Fluence Energy reported strong growth in its Q1 results, with revenues increasing by 50% year-over-year to $175 million. The company achieved a total backlog of $1.9 billion, driven by significant contracts awarded, including a 1.1 GW Fluence IQ contract with AES and a joint venture with ReNew Power in India. However, it faced a net loss of $111 million, a decline from $12 million in the previous year, with adjusted EBITDA at -$43 million. Fluence reaffirmed its 2022 revenue guidance of $1.1 to $1.3 billion, despite ongoing supply chain challenges.

Fluence (Nasdaq: FLNC) has partnered with AES Corporation to implement its AI-powered Fluence IQ Bidding Application for a significant portfolio of solar and energy storage projects totaling 1.1 GW in the Western US. This marks one of the largest procurements of AI bidding software in the renewable sector. The application is designed to optimize revenues from solar and battery assets by strategically participating in wholesale energy markets. The software can potentially increase revenue by 40-50% for battery storage and 10% for renewable assets.

Fluence Energy will report its first-quarter earnings for the period ending December 31, 2021, on February 9, 2022, after market close. A teleconference to discuss the earnings will be held on February 10, 2022, at 8:30 a.m. EST, with participation details provided. Fluence is a leader in energy storage and has over 3.6 GW of energy storage solutions deployed globally. The company optimizes more than 4.7 GW of renewable assets across key markets. For more, visit Fluence's website.

Fluence (NASDAQ: FLNC) has announced a long-term strategic partnership with Pexapark, aimed at enhancing energy sales and risk management in the renewable sector. This collaboration will offer access to Pexapark’s analytical tools, allowing Fluence's customers to navigate market complexities and improve decision-making. The integration of advanced analytics will boost the value of energy storage assets and improve the structuring of Power Purchase Agreements. This partnership supports Fluence's mission to further the global clean energy transition.

QuantumScape Corporation (QS) and Fluence Energy Inc. (FLNC) have announced a strategic partnership to integrate QuantumScape's solid-state lithium-metal battery technology into Fluence's stationary energy storage solutions. This multi-year agreement aims to bolster clean energy adoption, targeting a $385 billion market expected to grow over 2,000% by 2030. The collaboration will validate and test QuantumScape's battery cells, potentially leading to a large-scale supply agreement. This marks QuantumScape's first non-automotive partnership, expanding its technology's application beyond the automotive sector.

Fluence (NASDAQ: FLNC) has been awarded a contract to provide a 6MW/6MWh battery energy storage system in Taoyuan, Taiwan, collaborating with Ina Energy and TECO Group. This system will support Automatic Frequency Control services for Taipower, crucial for integrating renewable energy into Taiwan's grid as the country aims to increase its renewable electricity share to 20% by 2025. The global market for energy storage is projected to reach 358 GW/1,028 GWh by 2030, indicating significant growth opportunities for Fluence.

Fluence Energy (FLNC) reported record financial results for fiscal year 2021, achieving total revenues of approximately $681 million, a 21% increase year-over-year. The company experienced significant growth in energy storage contracts, entering into 2,744 MW of Fluence IQ digital contracts. However, it reported a net loss of $162 million and a gross loss of $69 million for the year. For fiscal year 2022, Fluence anticipates total revenue between $1.1 billion and $1.3 billion, contingent on resolving prior project delays.

Fluence Energy, a leader in energy storage solutions, will release its Q4 and FY 2021 earnings on December 8, 2021, after market close. A related teleconference is scheduled for December 9, 2021, at 8:30 a.m. EST, where analysts can dial in for insights and discuss earnings. The company operates globally across 29 markets, focusing on resilience and sustainability in electric grids. Further details and supplemental materials will be available on Fluence's website.

The AES Corporation reported strong Q3 2021 results with diluted EPS of $0.48, up from a loss of $0.50 in Q3 2020. The company signed 4 GW of new power purchase agreements (PPAs) year-to-date, raising its renewable backlog to 9.2 GW, while reaffirming 2021 Adjusted EPS guidance of $1.50 to $1.58. Fluence, a joint venture, completed its IPO on October 28, 2021. The company aims for 7% to 9% annual growth through 2025, benefiting from trends in clean energy. However, a non-cash adjustment may affect earnings projections.