Symbols / FLNC Stock $13.50 +5.72% Fluence Energy, Inc.

Utilities • Utilities - Renewable • United States • NMS
FLNC (Stock) Chart
O: — H: — L: — C: — V: —
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About

Fluence Energy, Inc., through its subsidiaries, provides energy storage and optimization software for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It sells energy storage products with integrated hardware, software, and digital intelligence. The company's energy storage products include Gridstack Pro, a large-scale front-of-the-meter application; Gridstack, a front-of-the-meter application; Ultrastack for critical system requirements of distribution and transmission networks; Smartstack, a split architecture design, incorporating embedded intelligence and higher energy density compared to traditional AC systems. The company also provides operational and maintenance services; and digital applications. It serves independent power producers, developers, conglomerates, utilities/load-serving entities, and commercial and industrial customers. Fluence Energy, Inc. was founded in 2018 and is headquartered in Arlington, Virginia.

Stock Fundamentals
Scroll to Statements
Market Cap 2.48B Enterprise Value 1.84B Income -51.92M Sales 2.55B Book/sh 2.93 Cash/sh 3.42
Dividend Yield — Payout 0.00% Employees 1670 IPO — P/E — Forward P/E 76.73
PEG 3.18 P/S 0.97 P/B 4.60 P/C — EV/EBITDA -74.78 EV/Sales 0.72
Quick Ratio 0.94 Current Ratio 1.48 Debt/Eq 82.78 LT Debt/Eq — EPS (ttm) -0.39 EPS next Y 0.18
EPS Growth — Revenue Growth 154.40% Earnings 2026-05-06 ROA -1.44% ROE -14.46% ROIC —
Gross Margin 11.71% Oper. Margin -12.66% Profit Margin -2.04% Shs Outstand 132.44M Shs Float 97.04M Short Float 36.03%
Short Ratio 6.00 Short Interest — 52W High 33.51 52W Low 3.65 Beta 2.97 Avg Volume 5.26M
Volume 5.47M Target Price $15.59 Recom Hold Prev Close $12.77 Price $13.50 Change 5.72%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.59
Mean price target
2. Current target
$13.50
Latest analyst target
3. DCF / Fair value
$-13.37
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.50
Low
$8.00
High
$25.00
Mean
$15.59

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-21 main Citigroup Neutral → Neutral $15
2026-04-17 down UBS Neutral → Sell $8
2026-04-15 main Goldman Sachs Buy → Buy $20
2026-04-13 main Barclays Equal-Weight → Equal-Weight $16
2026-04-09 main Susquehanna Positive → Positive $23
2026-03-20 init Needham — → Hold —
2026-03-19 up Guggenheim Sell → Neutral —
2026-02-10 up Jefferies Hold → Buy $24
2026-01-20 main Goldman Sachs Buy → Buy $30
2026-01-14 main Barclays Equal-Weight → Equal-Weight $20
2025-12-18 main Goldman Sachs Buy → Buy $26
2025-12-09 main B of A Securities Neutral → Neutral $25
2025-12-08 down Johnson Rice Buy → Hold $18
2025-12-08 down Mizuho Neutral → Underperform $15
2025-12-04 main UBS Neutral → Neutral $22
2025-12-03 main Citigroup Neutral → Neutral $20
2025-11-26 up Jefferies Underperform → Hold $16
2025-11-26 main Canaccord Genuity Buy → Buy $25
2025-11-26 main Goldman Sachs Buy → Buy $20
2025-11-26 main Barclays Equal-Weight → Equal-Weight $15
News
RSS: Latest FLNC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-18 VON HEYNITZ HARALD Director — 10,000 $16.50 $165,019
2026-03-17 BULLS HERMAN E Director — 32,348 — —
2026-03-17 FESSENDEN ELIZABETH ANNE Director — 32,348 — —
2026-03-17 ARNOLD CYNTHIA A Director — 32,348 — —
2026-03-17 VON HEYNITZ HARALD Director — 32,348 — —
2025-12-31 PASHA AHMED Chief Financial Officer — 10,902 — —
2025-12-18 PHILPOT MICHELLE Officer — 2,977 — —
2025-12-18 MATHIS VINCENT Officer — 139,391 — —
2025-12-18 NEBREDA JULIAN Chief Executive Officer — 45,634 — —
2025-12-18 WILLIAMS PETER BENNETT Officer — 5,825 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
2,262.83
-16.15%
2,698.56
+21.67%
2,217.98
+85.05%
1,198.60
Operating Revenue
2,262.83
-16.15%
2,698.56
+21.67%
2,217.98
+85.05%
1,198.60
Cost Of Revenue
1,967.05
-16.56%
2,357.48
+13.50%
2,077.02
+64.72%
1,260.96
Reconciled Cost Of Revenue
1,951.05
-17.13%
2,354.43
+13.40%
2,076.19
+64.65%
1,260.96
Gross Profit
295.79
-13.28%
341.08
+141.98%
140.96
+326.06%
-62.35
Operating Expense
342.12
+8.80%
314.46
+24.02%
253.56
+14.65%
221.17
Research And Development
86.22
+30.25%
66.19
-0.17%
66.31
+10.25%
60.14
Selling General And Administration
242.56
+2.41%
236.84
+33.49%
177.42
+15.27%
153.92
Selling And Marketing Expense
79.49
+24.51%
63.84
+55.28%
41.11
+10.50%
37.21
General And Administrative Expense
163.07
-5.74%
173.00
+26.92%
136.31
+16.79%
116.71
Other Gand A
163.07
-5.74%
173.00
+26.92%
136.31
+16.79%
116.71
Total Expenses
2,309.17
-13.58%
2,671.94
+14.65%
2,330.59
+57.25%
1,482.12
Operating Income
-46.34
-274.06%
26.62
+123.64%
-112.61
+60.28%
-283.52
EBITDA
-16.99
-141.34%
41.10
+140.32%
-101.94
+63.12%
-276.41
Normalized EBITDA
-16.99
-141.34%
41.10
+140.32%
-101.94
+63.12%
-276.41
Reconciled Depreciation
29.34
+102.62%
14.48
+35.79%
10.66
+50.04%
7.11
EBIT
-46.34
-274.06%
26.62
+123.64%
-112.61
+60.28%
-283.52
Net Income
-48.31
-312.69%
22.72
+132.63%
-69.62
+33.37%
-104.48
Pretax Income
-45.07
-213.90%
39.57
+139.47%
-100.27
+65.16%
-287.82
Net Non Operating Interest Income Expense
-4.11
-172.41%
5.68
+5.35%
5.39
+1552.76%
0.33
Interest Expense Non Operating
—
—
—
2.02
Net Interest Income
-4.11
-172.41%
5.68
+5.35%
5.39
+1552.76%
0.33
Interest Expense
—
—
—
2.02
Interest Income Non Operating
—
5.68
+5.35%
5.39
+1552.76%
0.33
Interest Income
—
5.68
+5.35%
5.39
+1552.76%
0.33
Other Income Expense
5.38
-26.13%
7.28
+4.66%
6.95
+250.31%
-4.62
Other Non Operating Income Expenses
5.38
-26.13%
7.28
+4.66%
6.95
+250.31%
-4.62
Tax Provision
22.92
+148.94%
9.21
+102.37%
4.55
+235.22%
1.36
Tax Rate For Calcs
0.00
-9.87%
0.00
+10.95%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-67.99
-323.89%
30.37
+128.97%
-104.82
+63.75%
-289.18
Net Income From Continuing Operation Net Minority Interest
-48.31
-312.69%
22.72
+132.63%
-69.62
+33.37%
-104.48
Net Income From Continuing And Discontinued Operation
-48.31
-312.69%
22.72
+132.63%
-69.62
+33.37%
-104.48
Net Income Continuous Operations
-67.99
-323.89%
30.37
+128.97%
-104.82
+63.75%
-289.18
Minority Interests
19.68
+357.16%
-7.65
-121.74%
35.20
-80.94%
184.69
Normalized Income
-48.31
-312.69%
22.72
+132.63%
-69.62
+33.37%
-104.48
Net Income Common Stockholders
-48.31
-312.69%
22.72
+132.63%
-69.62
+33.37%
-104.48
Diluted EPS
-0.37
-384.62%
0.13
+121.67%
-0.60
+60.00%
-1.50
Basic EPS
-0.37
-305.56%
0.18
+130.00%
-0.60
+60.00%
-1.50
Basic Average Shares
130.31
+3.27%
126.18
+8.36%
116.45
+67.04%
69.71
Diluted Average Shares
130.31
-29.19%
184.03
+58.04%
116.45
+67.04%
69.71
Diluted NI Availto Com Stockholders
-48.31
-312.69%
22.72
+132.63%
-69.62
+33.37%
-104.48
Depreciation Amortization Depletion Income Statement
13.35
+16.82%
11.43
+16.18%
9.84
+38.37%
7.11
Depreciation And Amortization In Income Statement
13.35
+16.82%
11.43
+16.18%
9.84
+38.37%
7.11
Total Other Finance Cost
4.11
+172.41%
-5.68
-5.35%
-5.39
—
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Assets
2,357.00
+23.91%
1,902.19
+40.68%
1,352.15
-22.54%
1,745.65
Current Assets
2,064.26
+22.84%
1,680.44
+40.63%
1,194.96
-25.39%
1,601.53
Cash Cash Equivalents And Short Term Investments
690.77
+53.95%
448.69
+29.72%
345.90
-26.04%
467.65
Cash And Cash Equivalents
690.77
+53.95%
448.69
+29.72%
345.90
-3.19%
357.30
Other Short Term Investments
—
—
0.00
-100.00%
110.36
Receivables
736.93
-5.53%
780.07
+108.34%
374.43
+4.80%
357.27
Accounts Receivable
299.44
-2.98%
308.64
+177.20%
111.34
+28.32%
86.77
Other Receivables
8.59
+71.25%
5.01
+24.05%
4.04
-27.50%
5.57
Taxes Receivable
15.19
-36.62%
23.96
+46.01%
16.41
+14.14%
14.38
Inventory
455.01
+149.19%
182.60
-18.81%
224.90
-65.54%
652.74
Prepaid Assets
150.98
-19.25%
186.97
+65.18%
113.19
+87.96%
60.22
Current Deferred Assets
—
—
—
0.00
Restricted Cash
23.86
-69.01%
77.01
-41.29%
131.16
+110.12%
62.42
Hedging Assets Current
—
5.01
+24.05%
4.04
-27.50%
5.57
Other Current Assets
6.70
+31.15%
5.11
-5.04%
5.38
+338.50%
1.23
Total Non Current Assets
292.74
+32.02%
221.75
+41.07%
157.19
+9.07%
144.12
Net PPE
50.32
+227.82%
15.35
+20.19%
12.77
-7.15%
13.76
Gross PPE
76.33
+153.73%
30.08
+37.15%
21.93
+17.60%
18.65
Accumulated Depreciation
-26.00
-76.53%
-14.73
-60.78%
-9.16
-87.17%
-4.89
Construction In Progress
8.13
+136.69%
3.43
+64.07%
2.09
-69.26%
6.81
Other Properties
64.94
+159.81%
24.99
+36.37%
18.33
+76.91%
10.36
Leases
3.26
+97.28%
1.65
+9.33%
1.51
+2.02%
1.48
Goodwill And Other Intangible Assets
91.99
+5.15%
87.48
+6.99%
81.77
+6.83%
76.55
Goodwill
28.58
+4.01%
27.48
+5.62%
26.02
+4.70%
24.85
Other Intangible Assets
63.40
+5.67%
60.00
+7.62%
55.75
+7.85%
51.70
Non Current Deferred Assets
4.05
-54.44%
8.88
+10225.58%
0.09
-97.16%
3.03
Non Current Deferred Taxes Assets
4.05
-54.44%
8.88
+10225.58%
0.09
-97.16%
3.03
Non Current Prepaid Assets
—
—
—
8.75
Other Non Current Assets
146.39
+33.05%
110.03
+75.88%
62.56
+23.17%
50.79
Total Liabilities Net Minority Interest
1,808.15
+39.62%
1,295.05
+62.73%
795.82
-28.72%
1,116.45
Current Liabilities
1,370.37
+8.86%
1,258.84
+68.82%
745.66
-32.79%
1,109.46
Payables And Accrued Expenses
561.11
-29.80%
799.24
+208.91%
258.73
-67.91%
806.17
Payables
351.32
-28.98%
494.67
+421.58%
94.84
-84.76%
622.36
Accounts Payable
321.00
-26.50%
436.74
+568.05%
65.38
-78.56%
304.90
Other Payable
—
—
116.49
-61.98%
306.35
Current Accrued Expenses
209.79
-31.12%
304.57
+85.84%
163.89
-10.84%
183.81
Pensionand Other Post Retirement Benefit Plans Current
31.85
-45.63%
58.58
+12.29%
52.17
+145.11%
21.29
Total Tax Payable
30.32
-47.67%
57.93
+96.60%
29.46
+165.12%
11.11
Current Debt And Capital Lease Obligation
—
30.36
+34.70%
22.54
+1201.33%
1.73
Current Debt
—
30.36
+34.70%
22.54
—
Other Current Borrowings
—
30.36
+34.70%
22.54
—
Current Capital Lease Obligation
—
—
—
1.73
Current Deferred Liabilities
720.37
+130.40%
312.66
-18.46%
383.44
+40.42%
273.07
Current Deferred Revenue
720.37
+130.40%
312.66
-18.46%
383.44
+40.42%
273.07
Other Current Liabilities
20.59
-15.08%
24.25
+45.09%
16.71
+87.13%
8.93
Total Non Current Liabilities Net Minority Interest
437.78
+1108.88%
36.21
-27.80%
50.16
+618.26%
6.98
Long Term Debt And Capital Lease Obligation
390.80
—
28.02
+2671.91%
1.01
Long Term Debt
390.80
—
28.02
—
Long Term Capital Lease Obligation
—
—
—
1.01
Non Current Deferred Liabilities
9.53
+33.96%
7.11
+48.39%
4.79
-1.68%
4.88
Non Current Deferred Taxes Liabilities
9.53
+33.96%
7.11
+48.39%
4.79
-1.68%
4.88
Other Non Current Liabilities
37.45
+28.69%
29.10
+67.84%
17.34
+722.88%
2.11
Stockholders Equity
429.60
-9.00%
472.10
+17.34%
402.35
-7.68%
435.83
Common Stock Equity
429.60
-9.00%
472.10
+17.34%
402.35
-7.68%
435.83
Capital Stock
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Common Stock
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
132.01
+1.39%
130.21
+8.88%
119.59
+3.61%
115.42
Ordinary Shares Number
131.16
+1.35%
129.42
+8.85%
118.90
+3.51%
114.87
Treasury Shares Number
0.85
+8.16%
0.79
+13.92%
0.69
+25.24%
0.55
Additional Paid In Capital
627.96
-1.09%
634.85
+9.25%
581.10
+7.10%
542.60
Retained Earnings
-199.76
-31.90%
-151.45
+13.04%
-174.16
-66.59%
-104.54
Gains Losses Not Affecting Retained Earnings
11.61
+731.14%
-1.84
-157.46%
3.20
+15.01%
2.78
Treasury Stock
10.21
+7.96%
9.46
+21.33%
7.80
+55.54%
5.01
Minority Interest
119.25
-11.69%
135.03
-12.31%
153.98
-20.37%
193.38
Other Equity Adjustments
11.61
+731.14%
-1.84
-157.46%
3.20
+15.01%
2.78
Total Equity Gross Minority Interest
548.85
-9.60%
607.14
+9.13%
556.33
-11.58%
629.21
Total Capitalization
820.40
+73.78%
472.10
+9.70%
430.37
-1.25%
435.83
Working Capital
693.89
+64.58%
421.61
-6.16%
449.30
-8.69%
492.07
Invested Capital
820.40
+63.28%
502.46
+10.94%
452.91
+3.92%
435.83
Total Debt
390.80
+1187.23%
30.36
-39.96%
50.56
+1743.35%
2.74
Net Debt
—
—
—
—
Capital Lease Obligations
—
—
—
2.74
Net Tangible Assets
337.61
-12.22%
384.62
+19.98%
320.57
-10.77%
359.28
Tangible Book Value
337.61
-12.22%
384.62
+19.98%
320.57
-10.77%
359.28
Current Provisions
36.45
+8.02%
33.74
+179.51%
12.07
—
Duefrom Related Parties Current
—
—
58.51
-47.77%
112.03
Dueto Related Parties Current
—
—
116.49
-61.98%
306.35
Limited Partnership Capital
—
—
—
—
Line Of Credit
—
—
—
0.00
Non Current Accrued Expenses
—
—
—
—
Non Current Note Receivables
—
—
30.92
+27.09%
24.33
Notes Receivable
—
—
24.33
0.00
Other Equity Interest
—
—
—
—
Other Inventories
432.60
+146.98%
175.16
-20.96%
221.61
-66.00%
651.76
Total Partnership Capital
—
—
—
—
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
-145.54
-282.64%
79.69
+171.19%
-111.93
+60.36%
-282.38
Cash Flow From Continuing Operating Activities
-145.54
-282.64%
79.69
+171.19%
-111.93
+60.36%
-282.38
Net Income From Continuing Operations
-67.99
-323.89%
30.37
+128.97%
-104.82
+63.75%
-289.18
Depreciation Amortization Depletion
29.34
+102.62%
14.48
+35.79%
10.66
+50.04%
7.11
Depreciation And Amortization
29.34
+102.62%
14.48
+35.79%
10.66
+50.04%
7.11
Other Non Cash Items
4.22
+36.43%
3.09
+238.18%
0.91
-91.52%
10.78
Stock Based Compensation
19.54
-18.09%
23.86
-11.39%
26.92
-39.00%
44.13
Provisionand Write Offof Assets
6.96
-70.97%
23.97
+2429.64%
-1.03
-140.69%
2.53
Deferred Tax
6.35
+194.52%
-6.72
-364.32%
2.54
+392.64%
0.52
Deferred Income Tax
6.35
+194.52%
-6.72
-364.32%
2.54
+392.64%
0.52
Change In Working Capital
-143.96
-1437.53%
-9.36
+80.13%
-47.12
+19.13%
-58.27
Change In Receivables
37.02
+109.40%
-393.79
-3727.32%
-10.29
+92.87%
-144.38
Changes In Account Receivables
-56.72
+50.50%
-114.58
-755.24%
-13.40
+54.06%
-29.16
Change In Inventory
-278.73
-1382.63%
21.73
-94.98%
432.77
+263.01%
-265.48
Change In Prepaid Assets
49.11
+176.43%
-64.26
-76.10%
-36.49
+18.95%
-45.02
Change In Payables And Accrued Expense
-240.71
-143.52%
553.13
+331.56%
-238.88
-263.38%
146.21
Change In Accrued Expense
-93.59
-158.42%
160.21
+1396.17%
-12.36
-390.09%
-2.52
Change In Payable
-147.12
-137.44%
392.92
+273.46%
-226.51
-252.30%
148.73
Change In Account Payable
-119.23
-132.21%
370.12
+252.77%
-242.27
-260.97%
150.51
Change In Other Working Capital
403.63
+592.25%
-82.00
+58.66%
-198.37
-170.44%
281.60
Change In Other Current Assets
-66.41
-69.90%
-39.09
+26.89%
-53.46
-57.96%
-33.84
Change In Other Current Liabilities
-47.88
-840.85%
-5.09
-108.84%
57.59
+2079.00%
2.64
Investing Cash Flow
-29.80
-57.04%
-18.98
-120.09%
94.44
+163.63%
-148.42
Cash Flow From Continuing Investing Activities
-29.80
-57.04%
-18.98
-120.09%
94.44
+163.63%
-148.42
Net PPE Purchase And Sale
-14.88
-83.41%
-8.12
-171.50%
-2.99
+62.33%
-7.93
Purchase Of PPE
-14.88
-83.41%
-8.12
-171.50%
-2.99
+62.33%
-7.93
Capital Expenditure
-29.80
-57.04%
-18.98
-55.23%
-12.22
-54.07%
-7.93
Capital Expenditure Reported
-14.91
-37.34%
-10.86
-17.60%
-9.23
0.00
Net Investment Purchase And Sale
0.00
0.00
-100.00%
111.67
+200.36%
-111.27
Purchase Of Investment
—
0.00
0.00
+100.00%
-111.27
Sale Of Investment
0.00
0.00
-100.00%
111.67
0.00
Net Business Purchase And Sale
0.00
0.00
+100.00%
-5.01
+82.84%
-29.21
Purchase Of Business
0.00
0.00
+100.00%
-5.01
+82.84%
-29.21
Financing Cash Flow
356.88
+4213.42%
-8.68
-116.50%
52.59
-93.56%
817.05
Cash Flow From Continuing Financing Activities
356.88
+4213.42%
-8.68
-116.50%
52.59
-93.56%
817.05
Net Issuance Payments Of Debt
368.63
0.00
-100.00%
48.18
+148.18%
-100.00
Issuance Of Debt
400.00
0.00
-100.00%
48.18
0.00
Repayment Of Debt
-31.37
0.00
0.00
+100.00%
-100.00
Long Term Debt Issuance
400.00
0.00
-100.00%
48.18
0.00
Long Term Debt Payments
-31.37
0.00
0.00
—
Net Long Term Debt Issuance
368.63
0.00
-100.00%
48.18
0.00
Short Term Debt Issuance
—
—
0.00
0.00
Short Term Debt Payments
—
0.00
0.00
+100.00%
-100.00
Net Short Term Debt Issuance
—
0.00
0.00
+100.00%
-100.00
Net Common Stock Issuance
-0.75
+54.72%
-1.66
+40.27%
-2.78
-100.30%
930.75
Common Stock Payments
-0.75
+54.72%
-1.66
+40.27%
-2.78
+44.46%
-5.01
Repurchase Of Capital Stock
-0.75
+54.72%
-1.66
+40.27%
-2.78
+44.46%
-5.01
Proceeds From Stock Option Exercised
2.17
-59.33%
5.33
-25.93%
7.20
+132.13%
3.10
Net Other Financing Charges
-13.17
-6.63%
-12.35
—
-16.80
Changes In Cash
181.54
+248.89%
52.03
+48.22%
35.10
-90.91%
386.25
Effect Of Exchange Rate Changes
14.38
+264.91%
3.94
+288.11%
-2.10
-138.79%
5.40
Beginning Cash Position
518.71
+12.10%
462.73
+7.68%
429.72
+1028.80%
38.07
End Cash Position
714.63
+37.77%
518.71
+12.10%
462.73
+7.68%
429.72
Free Cash Flow
-175.34
-388.81%
60.71
+148.90%
-124.15
+57.24%
-290.32
Interest Paid Supplemental Data
9.30
+207.61%
3.02
+29.37%
2.34
+107.28%
1.13
Income Tax Paid Supplemental Data
19.04
+615.63%
2.66
+114.60%
1.24
-40.04%
2.07
Change In Income Tax Payable
-27.89
-222.33%
22.80
+44.73%
15.75
+985.50%
-1.78
Change In Tax Payable
-27.89
-222.33%
22.80
+44.73%
15.75
+985.50%
-1.78
Common Stock Issuance
—
0.00
0.00
-100.00%
935.76
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
935.76
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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