Fluence Energy, Inc. Stock Price, News & Analysis

Fluence Energy (NASDAQ: FLNC) has expanded Peter Williams' role to Senior Vice President and Chief Product and Supply Chain Officer. This strategic move combines the company's product and supply chain organizations under unified leadership.

Williams, who has served as SVP and Chief Supply Chain and Manufacturing Officer since July 2023, will now oversee the integration of product development and supply chain operations. The reorganization aims to accelerate product development cycles and enhance the company's ability to deliver competitive solutions.

The appointment is expected to play a important role in driving the success of Smartstack, Fluence's new storage platform, which offers leading density and performance capabilities in the market. Williams brings extensive experience from previous roles at Rogers , MKS Instruments Inc, Photon Dynamics Inc, and Applied Materials.

Fluence Energy (NASDAQ: FLNC) has announced Smartstack™, a new high-density AC-based energy storage platform for grid-scale applications, with deliveries starting Q4 2025. The system features 30% higher energy density compared to current market solutions, delivering up to 7.5 MWh when using 300Ah batteries.

Smartstack's patent-pending design includes two key components: the Smart Skid base platform and battery Pods. The system offers flexible storage durations from 2 to 8 hours and is guaranteed for up to 99% availability with Fluence's service agreement. The platform features locally deployed AI for autonomous optimization and incorporates advanced safety features including large-scale fire testing certification.

The modular architecture allows for regional component sourcing and manufacturing, enhancing supply chain resilience. Fluence has deployed and contracted over 37.7 GWh of storage projects globally.

Fluence Energy (FLNC) reported Q1 2025 results with revenue of $186.8 million, representing a 49% decrease year-over-year. The company improved its GAAP gross profit margin to 11.4% from 10.0% in the same quarter last year. Net loss increased to $57.0 million from $25.6 million year-over-year.

The company has lowered its FY2025 guidance, with revenue now expected between $3.1-3.7 billion (previously $3.6-4.4 billion) and Adjusted EBITDA projected at $70-100 million (down from $160-200 million). The guidance reduction is primarily due to delayed contract signings in Australia and lower expected gross margins on recent contracts.

Notable developments include a record backlog of $5.1 billion and the issuance of $400 million in Convertible Senior Notes due 2030. Total cash position stands at $654.4 million as of December 31, 2024, an increase of $135.7 million from the previous quarter.

OPAL Fuels (Nasdaq: OPAL) has appointed Kazi Hasan as Chief Financial Officer, effective February 3, 2025. Hasan brings over 25 years of experience in the energy sector and succeeds Scott Contino, who has served as interim CFO since October 2023.

Hasan's extensive background includes EVP and CFO roles at major energy infrastructure companies, where he has raised over $30 billion in equity and debt financing. His experience spans corporate development, financial operations, M&A, and investor relations in the power, utility, and renewable energy sectors.

Prior to joining OPAL Fuels, Hasan served as Senior Advisor at Fluence Energy, and as EVP and CFO at Puget Sound Energy and Cleco. He also spent over two decades with AES in senior executive roles, including Global Chief Risk Officer.

Fluence Energy (Nasdaq: FLNC) has announced its upcoming first quarter earnings release for the period ended December 31, 2024. The company will release its financial results on February 10th, 2025, after market close, followed by a conference call on February 11th, 2025 at 8:30 a.m. EST.

Analysts must pre-register for the teleconference through a dedicated registration link to receive their unique PIN and dial-in number. General audience participants can join in listen-only mode via webcast. Supplemental materials will be available on the company's website, and a replay of the conference call will be accessible after 1 p.m. on February 11th, 2025.

DTEK has selected Fluence Energy (NASDAQ: FLNC) to deliver Ukraine's first large-scale battery-based energy storage portfolio, representing a €140 million investment. The project involves six energy storage sites across Ukraine, totaling 200 MW capacity and providing 400 MWh of dispatchable energy - enough to power 600,000 homes.

The project, scheduled for completion by October 2025, will be Eastern Europe's largest operational energy storage portfolio. The storage plants will have capacities ranging from 20 MW to 50 MW, providing frequency and power balancing services to stabilize the Ukrainian power grid. The systems feature advanced grid-forming capability and millisecond response times, offering faster power restoration after outages.

This initiative is part of DTEK's #FightforLight campaign, aimed at maintaining power supply under wartime conditions. Following delivery, DTEK staff will receive training from Fluence to become certified partners for installation, commissioning, and maintenance activities.

Fluence Energy (NASDAQ: FLNC) has successfully completed its previously announced offering of $400.0 million in 2.25% convertible senior notes due 2030. The offering includes an additional $50.0 million from the full exercise of the initial purchasers' option. The notes will be senior, unsecured obligations with semi-annual interest payments, maturing on June 15, 2030.

The company entered into capped call transactions to offset potential dilution from note conversions. Fluence will use part of the proceeds to fund these transactions, with the remaining funds being transferred to Fluence Energy, through an intercompany note. The subsidiary plans to use the funds for working capital, upgrading a battery cell production line from 305 to 530 amp hour cells, and general corporate purposes.

Fluence Energy (NASDAQ: FLNC) has announced successful completion of rigorous safety testing for its Gridstack Pro 2000 energy storage system. The testing, conducted with DNV and CSA Group, included deflagration and large-scale fire tests using Fluence's U.S.-manufactured battery modules. The system exceeded industry safety standards, including NFPA 68, NPFA 855, and UL 9540A requirements.

The deflagration testing at DNV's Spadeadam facility validated explosion mitigation features, while fire testing at Safe Laboratories demonstrated the system's ability to contain thermal events without propagation to neighboring enclosures. The tests included Fluence's battery modules manufactured in Utah, which recently achieved UL1973 certification.

The company also conducted product-level plume modeling to understand smoke and gas dispersion, supporting safety guidelines for permitting authorities and first responders.

Fluence Energy (FLNC) has announced the pricing of an upsized $350.0 million convertible senior notes offering due 2030, increased from the previously announced $300.0 million. The notes will carry a 2.25% interest rate, payable semi-annually, and will mature on June 15, 2030. The initial conversion price is set at $21.35 per share, representing a 30% premium over the last reported share price.

The company has entered into capped call transactions to offset potential dilution, with a cap price of $28.74 per share. The proceeds will be used for working capital needs, upgrading battery cell production lines from 305 amp hour to 530 amp hour cells, and general corporate purposes.