Fluence Energy, Inc. (FLNC) Stock Price & Analysis
Fluence Energy, Inc. (FLNC) closed at USD 5.7 on Thursday, October 22, 2026, down 5.00% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 6; the Oct 22, 2026 session ranged USD 5.62–5.99 on volume of 6,463,243 shares. Market capitalization is $1.11B, with a 52-week range of USD 5.62–33.51 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/FLNC.md
Key facts (FLNC)
- Last four reported quarters (through Jun 30, 2026): revenue $2.63B, net income -$80.9M (-3.1% margin), free cash flow -$115M (SEC filings).
- Analysts: Hold (mean 3.17 on a 1–5 scale) (23 analysts), mean target USD 8.35 (range 3–15).
- Total return with dividends: 1Y -64.4% vs S&P 500 +14.9%; 5Y -84.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-23, EPS estimate USD -0.44, revenue estimate $813M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (FLNC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $681M | $1.20B | $2.22B | $2.70B | $2.26B | $2.63B |
| Gross profit | -$69.1M | -$62.4M | $141M | $341M | $296M | — |
| Net income | -$162M | -$104M | -$69.6M | $22.7M | -$48.3M | -$80.9M |
| EPS (diluted) | — | -$1.50 | -$0.60 | $0.13 | -$0.37 | — |
| Free cash flow | -$270M | -$290M | -$115M | $71.6M | -$160M | -$115M |
| Gross margin | -10.2% | -5.2% | 6.4% | 12.6% | 13.1% | — |
| Net margin | -23.8% | -8.7% | -3.1% | 0.8% | -2.1% | -3.1% |
| Revenue growth | +21.3% | +76.1% | +85.0% | +21.7% | -16.1% | — |
| Cash + short-term investments | $36.8M | $468M | $346M | $449M | — | — |
| Total debt | — | $0K | $50.6M | $30.4M | $391M | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (FLNC)
P/S 0.4x · P/B 3.0x · FCF yield -10.39% · Earnings yield -7.29%
P/E at fiscal year-ends: Sep 2024 184.0x.
Analysts (FLNC)
Consensus Hold (mean 3.17 on a 1–5 scale), 23 analysts; mean target USD 8.35 (low 3, high 15).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Citigroup | Target lowered | Buy | $20 → $11 |
| 2026-10-20 | Truist Securities | Target lowered | Hold | $10 → $8 |
| 2026-10-14 | Morgan Stanley | Target lowered | Equal-Weight | $15 → $9 |
| 2026-10-14 | Susquehanna | Target lowered | Positive | $23 → $13 |
| 2026-09-21 | Mizuho | Target lowered | Underperform | $8 → $6 |
| 2026-09-18 | Goldman Sachs | Downgrade | Buy → Neutral | $22 → $9 |
| 2026-09-18 | Jefferies | Downgrade | Buy → Hold | $19 → $7 |
| 2026-09-17 | BNP Paribas | Target lowered | Underperform | $8 → $5 |
| 2026-09-17 | Truist Securities | Target lowered | Hold | $16 → $10 |
| 2026-09-17 | Piper Sandler | Target lowered | Underweight | $6 → $5 |
| 2026-09-17 | JP Morgan | Target lowered | Neutral | $17 → $8 |
| 2026-09-17 | RBC Capital | Target lowered | Sector Perform | $15 → $4 |
Total return (dividends reinvested) (FLNC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -64.4% | -84.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -64.6% | -30.7% |
| Volatility (annualized) | 115.7% | 98.3% |
| Max drawdown | -82.3% (Feb 2026→Oct 2026) | -90.2% (Nov 2021→Apr 2025) |
Companies that name FLNC in their SEC reports
| Relationship to FLNC | Company | Filing | Sentence |
|---|---|---|---|
| supplier | AES CORP (AES) | 10-K Mar 2, 2026 | “Key Financial Drivers — Fluence's financial results are driven by the growth in its product revenue, an efficient cost structure that is expected to benefit from increased scale, and profit margins on customer contracts.” |
FLNC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.44 | $0.30 | -246.8% | $813.1M | 6 |
| Next quarter (ends Dec 2026) | $-0.30 | $-0.20 | +50.4% | $583.1M | 4 |
| Current fiscal year (ends Sep 2026) | $-1.14 | $-0.13 | +745.6% | $2.40B | 6 |
| Next fiscal year (ends Sep 2027) | $-0.45 | $0.20 | -331.2% | $3.05B | 6 |
Key Statistics (as of October 23, 2026 at 10:11 UTC)
| Price | USD 5.7 |
|---|---|
| Change | ▼ 5.00% (down) |
| Previous Close | USD 6 |
| Open | USD 5.97 |
| Day Range | USD 5.62 – 5.99 |
| 52-Week Range | USD 5.62 – 33.51 |
| Volume | 6,463,243 shares |
| Market Cap | $1.11B |
| Exchange | NMS |
Technical Analysis (FLNC)
Nexqual's technical model rates FLNC "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:11 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 25.46 (oversold) |
| vs SMA50 | Below (USD 8.93) |
| MACD | -0.91 (negative) |
Analyst Ratings (FLNC)
Wall Street analysts rate FLNC "Hold" based on 23 analysts, with a mean price target of USD 8.35 (range USD 3–15), per Nexqual as of October 23, 2026 at 10:11 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 23 |
| Mean Target | USD 8.35 |
| High Target | USD 15 |
| Low Target | USD 3 |
| Buy / Hold / Sell | 4 / 14 / 5 |
Earnings (FLNC)
| Next Earnings Date | 2026-11-23 |
|---|---|
| EPS Estimate | USD -0.44 |
| Revenue Estimate | $813.10M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.19 vs est 0.01 ▼ miss |
| 2026-03-31 | USD -0.12 vs est -0.18 ▲ beat |
| 2025-12-31 | USD -0.29 vs est -0.2 ▼ miss |
| 2025-09-30 | USD 0.13 vs est 0.23 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financials & Fundamentals (FLNC)
| Total Revenue | $2.63B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +7.90% |
| Gross Margin | +9.36% |
| Operating Margin | -8.85% |
| Profit Margin | -3.07% |
| ROE | -23.54% |
| Debt / Equity | 0.96 |
| Current Ratio | 1.34 |
| Total Cash | $339.33M |
| Total Debt | $413.16M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$115.33M (-4.4% of revenue) |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financial Health Score (FLNC)
Nexqual rates Fluence Energy, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:11 UTC.
| Growth | Critical — Revenue -16% YoY (annual), sharp decline |
|---|---|
| Profitability | Critical — Gross margin 9%, operating -9% (last 12 months) |
| Balance Sheet | Mixed — $339M cash vs $413M debt |
| Cash Flow | Weak — FCF negative: -$115M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -24%, ROA -3.0% |
Ownership (FLNC)
| Insider Ownership | +14.43% |
|---|---|
| Institutional Ownership | +84.62% |
| Shares Outstanding | 143.16M |
| Float | 89.07M |
| Short % of Float | +44.33% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Leadership (FLNC)
Fluence Energy, Inc. is led by Julian Jose Nebreda Marquez, President, CEO & Director, per Nexqual as of October 23, 2026 at 10:11 UTC.
| President, CEO & Director | Julian Jose Nebreda Marquez |
|---|---|
| Senior VP & CFO | Ahmed Pasha |
| Executive VP, COO & Principal Operating Officer | Bernerd Raymond Da Santos Avila |
| Vice President of Investor Relations & Sustainability | Chris Shelton |
Major Backers & Investors (FLNC)
Notable institutional backers of Fluence Energy, Inc. include Siemens Pension Trust E.V., Siemens Ag, Two Sigma Investments, LP, according to Nexqual as of October 23, 2026 at 10:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Siemens Pension Trust E.V. | 15.15% |
| Siemens Ag | 13.79% |
| Two Sigma Investments, LP | 3.73% |
| Driehaus Capital Management, LLC | 2.5% |
| Morgan Stanley | 2.24% |
| Shaw D.E. & Co., Inc. | 2.23% |
| Fidelity | 1.56% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 5.18% |
| Vanguard Group | 5.06% |
| State Street | 1.84% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| XIFR | XPLR Infrastructure, LP | USD 9.84 | ▼ 0.51% |
| RNW | ReNew Energy Global plc | USD 6.88 | ▲ 0.15% |
| FRVO | Fervo Energy Company | USD 8.25 | ▼ 8.54% |
| NRGV | Energy Vault Holdings, Inc. | USD 2.59 | ▼ 5.47% |
| MWH | SOLV Energy, Inc. | USD 21.53 | ▼ 7.4% |
| ORA | Ormat Technologies, Inc. | USD 88.1 | ▼ 1.51% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:11 UTC. This page is informational and not investment advice.
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