Fluence Energy, Inc. Stock Price, News & Analysis

Fluence Energy (Nasdaq: FLNC) announced the resignation of Mr. Seyed Madaeni, Senior VP and Chief Digital Officer, effective June 14, 2022. The company thanks him for his contributions and is in the process of finding a permanent replacement. In the interim, Phil Goodman will lead Fluence Digital, having played a key role in developing the Fluence IQ Bidding Application. Fluence continues to focus on energy storage and digital applications to drive the clean energy transition globally.

Fluence Energy reported record revenue of $343 million for Q2 2022, up 249% year-over-year, driven by strong demand for energy storage solutions. The company secured 582 MW of energy storage contracts and achieved substantial completion on 191 MW of Gen 6 products. Fluence also announced the acquisition of Nispera AG to enhance its digital services, bringing its total managed assets to 15,000 MW. However, a net loss of $61 million was recorded, and the company anticipates revenue may trend toward the lower end of its $1.1 to $1.3 billion guidance due to shipping delays from COVID-19 lockdowns in China.

Fluence Energy (Nasdaq: FLNC) has entered into a partnership with Amazon Web Services (AWS) to enhance its digital applications aimed at optimizing renewable energy and storage solutions. The collaboration will leverage AWS's cloud computing services, including machine learning, to advance Fluence’s software platforms like the Fluence IQ Digital Platform. Additionally, Fluence is set to supply AES with energy storage solutions for projects that support Amazon's renewable energy goals, including a commitment to achieve 100% renewable energy by 2025.

Fluence Energy, Inc. (Nasdaq: FLNC) will report its Q2 earnings for the period ending March 31, 2022, on May 11, 2022, after market close. The company will hold a teleconference on May 12, 2022, at 8:30 a.m. EDT to discuss the results, accessible via phone or live stream. Fluence is a leader in energy storage and digital applications for renewables, with products that support the clean energy transition across 30 global markets.

Fluence Energy (Nasdaq: FLNC) has partnered with cQuant.io to enhance the Fluence IQ Digital Platform, providing advanced analytics for energy storage and power generation projects. This collaboration aims to streamline investment and asset management amid rising complexities in the clean energy sector. By integrating their solutions, both companies will offer simulation, optimization tools, and improved customer experiences. The partnership supports Fluence's strategy for expanding its service offerings, leveraging AI to drive investment decisions in renewable energy.

Fluence has partnered with Google and Centrica to implement a 2.75 MW battery-based energy storage system at Google’s data center in St. Ghislain, Belgium. This project represents Google’s first zero-emission backup power system, aiming to replace diesel generators and contribute to its objective of operating on 24/7 carbon-free energy by 2030. Centrica will optimize the energy storage for grid stability, showcasing the potential for large-scale battery solutions in energy management.

Fluence (NASDAQ: FLNC) has announced its acquisition of Nispera AG, a Zurich-based provider of AI-driven software for renewable energy asset management. This strategic acquisition aims to enhance Fluence's digital portfolio to 15 GW and accelerate new applications on the Fluence IQ Digital Platform. The deal, valued at approximately $30 million in cash, is expected to strengthen recurring revenue and be EBITDA accretive by 2024. Nispera's technology will significantly complement Fluence's offerings, improving asset performance and operational insights.

Fluence (NASDAQ: FLNC) has been selected by AGL to supply a 50 MW / 50 MWh energy storage system for the Broken Hill Battery Energy Storage System, part of an AGL national battery rollout. Utilizing Fluence's Gridstack™, this project will showcase advanced grid-forming capabilities, improving grid reliability and stability. Completion is expected in 2023, marking a significant collaboration between Fluence, AGL, and ARENA. The system's unique technology will assist in managing voltage fluctuations and integrating renewable energy sources in the West Murray region.

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.