PerpEquities

Equity · Utilities

Fluence Energy, Inc. (FLNC) perpetual futures

FLNC perpetual futures on 18 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade FLNCUSDT.

Fluence Energy, Inc. provides energy storage systems and AI digital applications for renewable integration and optimization, serving utilities, developers, and commercial clients.

$4.57-3.6%NASDAQ open
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TradingView symbol NASDAQ:FLNC

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Trading data

Perpetual market activity

18/18 live markets
Venues
18
Live markets
18/18
24h volume
$6.7MCoverage: 15/18 marketsExchange-reported volume: $15.1M
Open interest
$3.2MCoverage: 15/18 markets
Best liquidity
$2.3M
Bitunix
Tightest spread
+4.4 bps
Ourbit
Highest volume
$4.8M
Deepcoin
Settlement mix
USDT · 16/18
Perp/spot vol.
0.23x
Spot volume $29M
OI / float
+0.98%
Float $327M
Spot performance
1D-6.79%
5D-11.82%
1M-30.16%
6M-78.57%
YTD-76.06%
1Y-70.86%

Venue matrix

18 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
Gate.ioTradeFLNC/USDTTrading$4.570.0% APR
0.000% every 8h
+19.8 bps$10.6K$263.1K$126.2KUSDT20x
BitgetTradeFLNC/USDTTrading$4.570.0% APR
0.000% every 8h
+13.2 bps$810.2K$244K$249.5KUSDT20x
OKXTradeFLNC/USDTTrading$4.570.0% APR
0.000% every 8h
+15.4 bps$11.1K$185.8K$364.1KUSDT20x
MEXCTradeFLNC/USDTTrading$4.57+9.9% APR
+0.00900% every 8h
+19.7 bps$548K$113.9K$369.7KUSDT20x
BitunixTradeFLNC/USDTTrading$4.57+10.6% APR
+0.00966% every 8h
+24.2 bps$2.3M$97.9K$10.1KUSDT20x
GRVTTradeFLNC/USDTTrading$4.57+9.7% APR
+0.00890% every 8h
+22.0 bps$1.7K$85.7K$14.3KUSDT-
BybitTradeFLNC/USDTTrading$4.570.0% APR
0.000% every 8h
+44.1 bps$15.8K$67.4K$451KUSDT25x
XT.comTradeFLNC/USDTTrading$4.56+10.2% APR
+0.00930% every 8h
+22.0 bps$3.3K$39.1K-USDT15x
HTXTradeFLNC/USDTTrading$4.580.0% APR
0.000% every 8h
+65.9 bps$48.8K$17.9K$49KUSDT-
KuCoinTradeFLNC/USDTTrading$4.580.0% APR
0.000% every 8h
+6.6 bps$5.6K$16K$95.3KUSDT20x
ExtendedTradeFLNC/USDTrading$4.56+9.6% APR
+0.00110% every 1h
+10.9 bps-$4.1K$4KUSD10x
AsterTradeFLNCUSDTTrading$4.570.0% APR
0.000% every 8h
+19.8 bps$109.1K$1.5K$10.2KUSDT-
Crypto.com ExchangeTradeFLNC/USDTrading$4.57+11.2% APR
+0.00128% every 1h
+44.1 bps$984.6$599.9$486.7USD50x
DeepcoinTradeFLNC/USDTTrading$4.57-+4.4 bps$408.6K$4.8M-USDT25x
BingXTradeFLNC-USDTTrading$4.57+10.5% APR
+0.00960% every 8h
+8.8 bps$651.2K15 min$729.8K-USDT-
BinanceTradeFLNC/USDTTrading$4.57+9.8% APR
+0.00894% every 8h
+6.6 bps$777K$5.3M⚠$1.3MUSDT-
LBankTradeFLNC/USDTTrading$4.57+9.8% APR
+0.00894% every 8h
+6.6 bps$261.4K$2M⚠$75KUSDT50x
OurbitTradeFLNC/USDTTrading$4.57+9.9% APR
+0.00900% every 8h
+4.4 bps$1.9M$1.1M⚠$115.6KUSDT20x

Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

Broad liquidity · 12 of 18 venues absorb $10k · Typical cost: +11.7 bps – +43.2 bps

Too thin: Gate.io, KuCoin, GRVT, Crypto.com Exchange

No fresh book data: HTX, Extended

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

FLNC

Tightest spread

FLNC

Highest volume

FLNC

Funding history

Stored venue snapshots by market

Company financials

Financials at a glance

Last report Q3 '26 · filed 2026-08-05 · next report 2026-11-23 · Updated 31m ago
All financials →

Valuation & key figures

Market cap
$916M
Updated 31m ago
Revenue
$2.63B
Trailing 12 months
Revenue growth
–
Next fiscal year
Profit margin
-3.1%
Net income / revenue, TTM
P/E
No P/E
Loss in the last twelve months
P/S
0.3×
Price / sales, TTM
Peer P/E
17.2×
Similar listed perps
EV / EBITDA
-20.4×
TTM
Free cash flow
-$132M
Trailing 12 months
Net income
-$80.9M
Trailing 12 months
Revenue estimate
–
Next fiscal year
Earnings
2026-11-23
Revenue est. $812M · Updated 31m ago
Dividend
–
No dividend
Revenue (TTM)$2.63B+7.5% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-4.1%-2.9 pp vs a year agoOperating income -$107M
Net income (TTM)-$80.9M-339.1% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-$132M+69.1% vs a year agoCapex $31.1M
Diluted EPS (TTM)-$0.60-110.7% vs a year agoSum of the last 4 quarters
Net cash-$52.8M-214.9% vs a year agoCash + short-term investments - debt
  • Last report (2026-08-05): revenue missed by 20.6%, EPS missed by 6,006.9%Revenue $650M vs $819M expected (-20.6%); EPS -$0.24 vs -$0.00 (-6,006.9%).
  • Revenue growth slowing: 7.9% year on yearQ3 '26 revenue $650M, against an average of 42.9% over the four quarters before.
  • Operating margin -4.1% (TTM), -2.9 pp on a year agoOperating income grew -292.7% while revenue grew 7.5%.
  • Capex 1.2% of revenue (a year ago 1.0%)$31.1M invested in the last 4 quarters (+21.5% on a year earlier). Free cash flow -$132M.

Revenue, operating income and growth

quarterly

Revenue by business line

Q3 '26
LineRevenuey/yShare of listed
Product$627M+7.4%96.9%
Service$20.1M+18.8%3.1%
In the full financialsIncome statement, balance sheet and cash flow (12 quarters / 10 years) · margins and cost structure · capital allocation and buybacks · valuation against the 5-year range · analyst estimates · all 258 lines Fluence Energy, Inc. reported to the SEC

Next catalyst

Catalysts

Earnings
2026-11-23
Revenue est. $812M · Updated 31m ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-1.25$2.4B+6%8
FY 2027-0.42$3.1B+27%8
FY 20280.06$3.8B+25%11
FY 20290.30$4.4B+16%3
FY 20300.50$4.8B+9%1
Q1 2029-0.01$1B+115%1
Source: FMP · Consensus

Company events

6
2026-11-23Earnings · After market closeActual - / Estimate -0.452-
2026-08-05EarningsActual -0.24 / Estimate -0.00393Miss
2026-05-06EarningsActual -0.16 / Estimate -0.18Beat
2026-02-04EarningsActual -0.34 / Estimate -0.18Miss
2025-11-24EarningsActual 0.13 / Estimate 0.193Miss
2025-08-11EarningsActual 0.01 / Estimate -0.02Beat

Peer comparison

Similar listed perps

Company data

Company intelligence

Updated: Nov 13, 2026, 01:17 PM UTC

Company profile

Sector
Utilities
Industry
Renewable Utilities
Chief executive
Julian Jose Nebreda Marquez
Employees
1,670
IPO date
Oct 28, 2021
Country
US
Exchange
NASDAQ Global Select
Website
Altman Z-scorei1.46
Piotroski scorei0/9
Overall ratingiC-
Owner earningsi-$21.85M-$0.16 per share
ESG risk ratingiB+Industry rank: 8/22

Rating factors

Return on equityi
1/5
Return on assetsi
1/5
Debt to equityi
3/5
Price to earningsi
1/5
Price to booki
1/5
Market cap history
$919.06M-64.1%Aug 2026 – Nov 2026
$919.06M$1.74B$2.56BHigh: $2.56B · 2026-08-13Latest: $919.06M · 2026-11-12Aug 2026Sep 2026Oct 2026Nov 2026
Latest: $919.06M · 2026-11-12High: $2.56B · 2026-08-13Low: $919.06M · 2026-11-12
Largest fund holders
FundWeightShares held
VTI0%2.5M
IWM0.03%2.3M
NJM0.07%2.2M
FSSNX0.05%2.1M
FOCKX0.04%2M
VB0.01%1.8M
BATG.L2.23%1.8M
GRID0.08%1.1M
VBK0.02%1M
ACDC.AX2.22%1M
VXF0.01%983.5K
IWO0.05%818.4K

Analyst track record

How the analysts covering FLNC have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings117335
Analysts2336
Buy / hold / sell27 / 72 / 18141 / 168 / 26
Upgrades / downgrades / initiations8 / 8 / 715 / 28 / 11
Price targets hit / missed3 / 107 (3%)18 / 297 (6%)
Avg. return after a rating (TipRanks)-61.2%-59.9%
Best / worst call+58.0% / -84.2%+137.0% / -89.9%

After buy calls on this stock: median 21-day move -5.6% vs S&P 500 -8.1% (n = 149)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. George GianarikasCanaccord Genuity30% hit rate on this stock · 10 targets measuredBuytarget $15.00Sep 17, 2026
  2. Christine Cho CFABarclays17% hit rate on this stock · 12 targets measuredSelltarget $10.00Sep 3, 2026
  3. Ameet ThakkarBMO Capital13% hit rate on this stock · 8 targets measuredHoldtarget $7.00Oct 20, 2026

Latest ratings

DateAnalystCallTarget
Nov 3, 2026Brian K. LeeGoldman SachsNov 3, 2026HoldReiterated$7.00↗
Oct 26, 2026Jon WindhamUBSOct 26, 2026HoldReiterated$6.00↗
Oct 21, 2026Vikram BagriCitiOct 21, 2026BuyMaintained$11.00↗
Oct 20, 2026Ameet ThakkarBMO CapitalOct 20, 2026HoldReiterated$7.00↗
Oct 20, 2026Christopher SoutherTruist FinancialOct 20, 2026HoldReiterated$8.00↗
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$5.00$10.00$15.00$20.00$25.00$30.00Dec 25 · Buy 3 · Hold 14 · Sell 3Dec 25Jan 26 · Buy 3 · Hold 13 · Sell 3Feb 26 · Buy 4 · Hold 12 · Sell 2Feb 26Mar 26 · Buy 4 · Hold 13 · Sell 2Apr 26 · Buy 4 · Hold 10 · Sell 2Apr 26May 26 · Buy 5 · Hold 11 · Sell 2Jun 26 · Buy 5 · Hold 9 · Sell 2Jun 26Jul 26 · Buy 7 · Hold 9 · Sell 2Aug 26 · Buy 5 · Hold 12 · Sell 1Aug 26Sep 26 · Buy 4 · Hold 13 · Sell 5Oct 26 · Buy 4 · Hold 13 · Sell 5Oct 26Nov 26 · Buy 4 · Hold 12 · Sell 5Dec 25 · avg. target $15.53Jan 26 · avg. target $16.68Feb 26 · avg. target $17.86Mar 26 · avg. target $18.47Apr 26 · avg. target $16.64May 26 · avg. target $19.25Jun 26 · avg. target $20.13Jul 26 · avg. target $20.12Aug 26 · avg. target $17.88Sep 26 · avg. target $11.14Oct 26 · avg. target $9.34Nov 26 · avg. target $8.73Dec 25 · month-end close $19.78Jan 26 · month-end close $30.77Feb 26 · month-end close $15.54Mar 26 · month-end close $13.76Apr 26 · month-end close $12.18May 26 · month-end close $18.88Jun 26 · month-end close $19.88Jul 26 · month-end close $13.93Aug 26 · month-end close $10.81Sep 26 · month-end close $7.68Oct 26 · month-end close $5.72Nov 26 · month-end close $5.27

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data · computed Nov 13, 2026 · 117 ratings

Frequently asked questions

Where can I trade FLNC perpetual futures?

Fluence Energy, Inc. (FLNC) perpetual futures trade on 18 crypto venues, including Binance, Deepcoin, LBank. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade FLNC around the clock?

Yes. Unlike the underlying stock, FLNC perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on FLNC perpetuals?

Right now the FLNC perp funding rate is +9.8% annualized (venue median), ranging from +9.8% to +9.8% across 18 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the FLNC perp price compare to the Fluence Energy, Inc. stock?

The venue-median FLNC perp mark is $4.57 versus a reference stock price of $4.57, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a FLNC perpetual future?

A FLNC perpetual is a derivative that tracks the price of Fluence Energy, Inc. with no expiry date. It lets you take long or short exposure to Fluence Energy, Inc. on crypto venues, around the clock.

What is FLNCUSDT perpetual?

FLNCUSDT is the symbol most crypto exchanges use for the Fluence Energy, Inc. perpetual settled in USDT (Tether). It tracks the FLNC share price through an index, trades 24/7 with leverage and never expires.

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