FLNC Stock Analysis: Fluence Energy | NASDAQ
Utilities - Renewable | NASDAQ, USA | Market Cap: 1.846m USD | 12M Return: -7.6% | US34379V1035 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 64.1M
Qual. Beats: -1
Rev. Trend: 63.8%
Qual. Beats: -2
Warnings
Tailwinds
No distinct edge detected
Seasonality 4.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Fluence Energy, Inc. (NASDAQ: FLNC) is a global provider of energy storage products and optimization software designed for renewable energy and storage applications. Founded in 2018 and headquartered in Arlington, Virginia, the company sells integrated solutions that combine hardware, software, and digital intelligence, with a product lineup that includes Gridstack and Gridstack Pro for front-of-the-meter applications, Ultrastack for distribution and transmission networks, and Smartstack, a split architecture system. Beyond hardware, Fluence offers operational and maintenance services along with digital applications, serving a diverse customer base that includes independent power producers, developers, conglomerates, utilities, and commercial and industrial clients across the Americas, Asia Pacific, Europe, the Middle East, and Africa.
The company operates in the energy storage sector, an industry that has grown alongside the global expansion of renewable energy generation and grid modernization efforts. Fluences business model centers on delivering turnkey storage systems rather than standalone components, bundling battery hardware with proprietary software platforms that manage energy dispatch, grid services, and asset optimization. The firm went public on NASDAQ in late October 2021 and is classified within the Electrical Components & Equipment sub-industry of the broader Industrials sector.
- US utility-scale battery storage backlog drives revenue acceleration
- Gross margin recovery depends on supply chain cost normalization
- Tesla Megapack and BYD competition pressures pricing power
- International expansion in APAC and EMEA markets accelerates
| Net Income: -80.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA 15.50 > 1.0 |
| NWC/Revenue: 22.43% < 20% (prev 29.60%; Δ -7.16% < -1%) |
| CFO/TA -0.04 > 3% & CFO -100.8m > Net Income -80.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.34 > 1.5 & < 3 |
| Outstanding Shares: last quarter (138.1m) vs 12m ago 6.13% < -2% |
| Gross Margin: 9.18% > 18% (prev 12.67%; Δ -3.49% > 0.5%) |
| Asset Turnover: 112.2% > 50% (prev 118.0%; Δ -5.80% > 0%) |
| Interest Coverage Ratio: -8.42 > 6 (EBIT TTM -93.7m / Interest Expense TTM 11.1m) |
| A: 0.23 (Total Current Assets 2.32b - Total Current Liabilities 1.73b) / Total Assets 2.62b |
| B: -0.11 (Retained Earnings -298.6m / Total Assets 2.62b) |
| C: -0.04 (EBIT TTM -93.7m / Avg Total Assets 2.35b) |
| D: 0.17 (Book Value of Equity 373.2m / Total Liabilities 2.18b) |
| Altman-Z'' = 1.02 = BB |
| DSRI: 1.99 (Receivables 1.04b/488.6m, Revenue 2.63b/2.45b) |
| GMI: 1.38 (GM 12.67% / 9.18%) |
| AQI: 1.10 (AQ_t 0.09 / AQ_t-1 0.09) |
| SGI: 1.07 (Revenue 2.63b / 2.45b) |
| TATA: 0.01 (NI -80.9m - CFO -100.8m) / TA 2.62b) |
| Beneish M = -1.76 (Cap -4..+1) = CCC |
As of September 19, 2026, the stock is trading at USD 7.32 with a total of 15,186,751 shares traded. Over the past week, the price has changed by -26.28%, over one month by -37.70%, over three months by -70.48% and over the past year by -7.58%.
Current recommended Stop Loss: 6.30 (which is 13.9% or 1.2 ATR below the current price).
Fluence Energy has received a consensus analysts rating of 3.46. Therefore, it is recommended to hold FLNC.
- StrongBuy: 7
- Buy: 1
- Hold: 14
- Sell: 0
- StrongSell: 2
| Analysts Target Price | 15.5 | 111.3% |
P/E Forward = 70.922
P/S = 0.7014
P/B = 3.8092
P/EG = 3.1449
Revenue TTM = 2.63b USD
EBIT TTM = -93.7m USD
EBITDA TTM = -33.0m USD
Long Term Debt = 392.2m USD (from longTermDebt, last quarter)
Short Term Debt = 10.3m USD (from shortTermDebt, last fiscal year)
Debt = 395.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 3.49m
Net Debt = 56.3m USD (calculated: Debt 395.7m - CCE 339.3m)
Enterprise Value = 1.90b USD (1.85b + Debt 395.7m - CCE 339.3m)
Interest Coverage Ratio = -8.42 (Ebit TTM -93.7m / Interest Expense TTM 11.1m)
EV/FCF = -14.43x (Enterprise Value 1.90b / FCF TTM -131.9m)
FCF Yield = -6.93% (FCF TTM -131.9m / Enterprise Value 1.90b)
FCF Margin = -5.01% (FCF TTM -131.9m / Revenue TTM 2.63b)
Net Margin = -3.07% (Net Income TTM -80.9m / Revenue TTM 2.63b)
Gross Margin = 9.18% ((Revenue TTM 2.63b - Cost of Revenue TTM 2.39b) / Revenue TTM)
Gross Margin QoQ = 5.12% (prev 9.11%)
Tobins Q-Ratio = 0.73 (Enterprise Value 1.90b / Total Assets 2.62b)
Interest Expense / Debt = 2.81% (Interest Expense 11.1m / Debt 395.7m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -74.0m (EBIT -93.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.34 (Total Current Assets 2.32b / Total Current Liabilities 1.73b)
Debt / Equity = 1.06 (Debt 395.7m / totalStockholderEquity, last quarter 373.2m)
Debt / EBITDA = -1.71 (negative EBITDA) (Net Debt 56.3m / EBITDA -33.0m)
Debt / FCF = -0.43 (negative FCF - burning cash) (Net Debt 56.3m / FCF TTM -131.9m)
Total Stockholder Equity = 389.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -3.45% (Net Income -80.9m / Total Assets 2.62b)
RoE = -20.75% (Net Income TTM -80.9m / Total Stockholder Equity 389.7m)
RoCE = -11.98% (EBIT -93.7m / Capital Employed (Equity 389.7m + L.T.Debt 392.2m))
RoIC = -9.73% (negative operating profit) (NOPAT -74.0m / Invested Capital 760.2m)
WACC = 14.19% (E(1.85b)/V(2.24b) * Re(16.75%) + D(395.7m)/V(2.24b) * Rd(2.81%) * (1-Tc(0.21)))
Discount Rate = 16.75% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: -42.51 | Cagr: 3.86%
[DCF] Fair Price = unknown (Cash Flow -131.9m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.56 | # QB: -1
Revenue Correlation: 63.78 | Revenue CAGR: 5.74% | SUE: -1.09 | # QB: -2
EPS current Quarter (2026-12-31): EPS=-0.14 | Chg30d=-4.40% | Revisions=+0% | Analysts=5
EPS current Year (2026-09-30): EPS=-0.36 | Chg30d=-41.46% | Revisions=-50% | GrowthEPS=-174.7% | GrowthRev=+31.9%
EPS next Year (2027-09-30): EPS=0.13 | Chg30d=-56.80% | Revisions=+40% | GrowthEPS=+135.2% | GrowthRev=+35.0%
[Analyst] Revisions Ratio: -12% (up=2, down=3)