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Fluence Energy, Inc. - $FLNC STOCK NEWS

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

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.

Rhea-AI Summary
Fluence Energy, Inc. (FLNC) announced a new four-year $400 million Asset Backed Lending credit facility to replace the existing $200 million Revolving Credit Facility, improving liquidity and working capital management. The ABL facility allows for more flexible inventory-related financing, supporting the company's growth plan and market-leading position in utility-scale energy storage solutions globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
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Rhea-AI Summary
Fluence Energy, Inc. (Nasdaq: FLNC) announced the appointment of Ahmed Pasha as the new Chief Financial Officer, succeeding Manavendra Sial. The company expects to meet or exceed fiscal year 2023 revenue and adjusted gross profit guidance. They also revealed the date for the fourth-quarter 2023 earnings release and conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.82%
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none
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Rhea-AI Summary
Fluence Energy launches Gridstack Pro, an advanced energy storage solution for utility-scale projects. It helps customers complete projects faster and generate revenue sooner.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.37%
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none
Rhea-AI Summary
Fluence named top global provider of battery-based energy storage systems
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Rhea-AI Sentiment
End-of-Day
-2.27%
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Rhea-AI Summary
Varco Energy has chosen Fluence Energy UK to deliver a battery-based energy storage system in the UK. The 57 MW / 137.5 MWh project, named Sizing John, will support National Grid Energy System Operator in balancing the power grid and trade on wholesale power markets. The project has significant expansion capabilities and aims to accelerate renewable integration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
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none
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Rhea-AI Summary
Fluence receives TM-2 Certificate of Approval in NYC for energy storage product, meeting strict safety requirements
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
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Rhea-AI Summary
Statkraft chooses Fluence Energy UK to deliver battery-based energy storage project in the UK
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Rhea-AI Sentiment
End-of-Day
-0.04%
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Rhea-AI Summary
Fluence Energy opens new global operations center in Bangalore to support rapid growth
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Rhea-AI Sentiment
End-of-Day
-0.04%
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Rhea-AI Summary
Fluence Energy, Inc. (Nasdaq: FLNC) announced its results for Q3 2023, with quarterly revenue of $536.4 million, a 124% YoY increase. The GAAP gross profit margin improved to 4.1%, compared to -2.2% last year. Net loss was $35.0 million, compared to $60.8 million last year. Total backlog as of June 30, 2023, was $2.9 billion. The company raised its fiscal year 2023 revenue guidance to $2.0 billion to $2.1 billion and adjusted gross profit guidance to $117 million to $132 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.2%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.23%
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Fluence Energy, Inc.

Nasdaq:FLNC

FLNC Rankings

FLNC Stock Data

2.34B
60.52M
31.56%
74.69%
10.76%
Optical Instrument and Lens Manufacturing
Manufacturing
Link
United States of America
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.