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.
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TradingView symbol NASDAQ:FLNC
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Perpetual market activity
18/18 live markets
Trading data
Perpetual market activity
Spot performance
Venue matrix
18 markets
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| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gate.io | Trade | FLNC/USDT | Trading | $4.57 | 0.0% APR 0.000% every 8h | +19.8 bps | $10.6K | $263.1K | $126.2K | USDT | 20x | |
Bitget | Trade | FLNC/USDT | Trading | $4.57 | 0.0% APR 0.000% every 8h | +13.2 bps | $810.2K | $244K | $249.5K | USDT | 20x | |
OKX | Trade | FLNC/USDT | Trading | $4.57 | 0.0% APR 0.000% every 8h | +15.4 bps | $11.1K | $185.8K | $364.1K | USDT | 20x | |
MEXC | Trade | FLNC/USDT | Trading | $4.57 | +9.9% APR +0.00900% every 8h | +19.7 bps | $548K | $113.9K | $369.7K | USDT | 20x | |
Bitunix | Trade | FLNC/USDT | Trading | $4.57 | +10.6% APR +0.00966% every 8h | +24.2 bps | $2.3M | $97.9K | $10.1K | USDT | 20x | |
GRVT | Trade | FLNC/USDT | Trading | $4.57 | +9.7% APR +0.00890% every 8h | +22.0 bps | $1.7K | $85.7K | $14.3K | USDT | - | |
Bybit | Trade | FLNC/USDT | Trading | $4.57 | 0.0% APR 0.000% every 8h | +44.1 bps | $15.8K | $67.4K | $451K | USDT | 25x | |
XT.com | Trade | FLNC/USDT | Trading | $4.56 | +10.2% APR +0.00930% every 8h | +22.0 bps | $3.3K | $39.1K | - | USDT | 15x | |
HTX | Trade | FLNC/USDT | Trading | $4.58 | 0.0% APR 0.000% every 8h | +65.9 bps | $48.8K | $17.9K | $49K | USDT | - | |
KuCoin | Trade | FLNC/USDT | Trading | $4.58 | 0.0% APR 0.000% every 8h | +6.6 bps | $5.6K | $16K | $95.3K | USDT | 20x | |
Extended | Trade | FLNC/USD | Trading | $4.56 | +9.6% APR +0.00110% every 1h | +10.9 bps | - | $4.1K | $4K | USD | 10x | |
Aster | Trade | FLNCUSDT | Trading | $4.57 | 0.0% APR 0.000% every 8h | +19.8 bps | $109.1K | $1.5K | $10.2K | USDT | - | |
Crypto.com Exchange | Trade | FLNC/USD | Trading | $4.57 | +11.2% APR +0.00128% every 1h | +44.1 bps | $984.6 | $599.9 | $486.7 | USD | 50x | |
Deepcoin | Trade | FLNC/USDT | Trading | $4.57 | - | +4.4 bps | $408.6K | $4.8M | - | USDT | 25x | |
BingX | Trade | FLNC-USDT | Trading | $4.57 | +10.5% APR +0.00960% every 8h | +8.8 bps | $651.2K15 min | $729.8K | - | USDT | - | |
Binance | Trade | FLNC/USDT | Trading | $4.57 | +9.8% APR +0.00894% every 8h | +6.6 bps | $777K | $5.3M⚠ | $1.3M | USDT | - | |
LBank | Trade | FLNC/USDT | Trading | $4.57 | +9.8% APR +0.00894% every 8h | +6.6 bps | $261.4K | $2M⚠ | $75K | USDT | 50x | |
Ourbit | Trade | FLNC/USDT | Trading | $4.57 | +9.9% APR +0.00900% every 8h | +4.4 bps | $1.9M | $1.1M⚠ | $115.6K | USDT | 20x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| FLNCBbStocks | $4.53 | -0.86% | $2.0M | $809k | BNB Smart Chain (BEP20) |
| FLNCRobinhood | – | – | – | $3k | Robinhood Chain |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
pancakeswapDEX · bsc | FLNCB/USDT ↗ | $4.54 | $12k | $42k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad 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.
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FLNCTightest spread
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FLNCFunding history
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Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6Company events
6Peer comparison
Similar listed perpsRevenue mix
Latest annualAnalysts
Price targets in USD| Consensus rating | Hold |
|---|---|
| Average 12-month price target | $9.28 |
| 12-month target range (low – high) | $4 – $18 |
| Ratings in the provider's consensus | 30 |
Price targets as of 2026-11-13
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 0 | 4 | 14 | 2 | 3 |
| Oct 2026 | 0 | 4 | 14 | 2 | 3 |
| Sep 2026 | 0 | 6 | 13 | 2 | 3 |
| Aug 2026 | 0 | 6 | 13 | 2 | 1 |
| Jul 2026 | 0 | 6 | 13 | 2 | 1 |
| Jun 2026 | 0 | 5 | 12 | 2 | 1 |
| May 2026 | 0 | 5 | 12 | 3 | 1 |
| Apr 2026 | 0 | 4 | 14 | 3 | 1 |
| Mar 2026 | 0 | 4 | 14 | 3 | 1 |
| Feb 2026 | 0 | 4 | 13 | 3 | 1 |
| Jan 2026 | 0 | 3 | 14 | 3 | 1 |
| Dec 2025 | 0 | 4 | 14 | 3 | 1 |
Ownership
Institutional · 2026-Q3Reference market activity
FLNC-PERPPrice performance
11Insider activity
FY2026 Q3Insider transactions
25Fluence Energy officer Roizen Gottlieb Ricardo filed a Form 3 initial statement of beneficial ownership on 2026-11-09, tied to a 2026-10-30 record showing 0 shares of common stock at $0.00. No acquisition or disposition of shares is reported.
Fluence Energy director Herman E. Bulls bought 10,000 Class A Common shares on the open market at $7.36 each on 2026-09-21, holding 169,550 shares after.
Fluence Energy director von Heynitz Harald bought 7,000 Class A Common Stock shares on the open market at $7.36 each (2026-09-21), holding 65,550 shares afterward.
Fluence Energy director Stephen Coughlin filed an initial Form 3 reporting 0 shares of common stock acquired at $0.00, with 0 shares owned after the transaction.
Fluence Energy officer Da Santos Bernerd filed a Form 3 on 2026-09-21; no shares or transaction type were reported.
May Stephan filed a Form 3 with no reportable transactions, reporting 0 shares acquired and no change in beneficial ownership.
Peter Bennett Williams converted 8,588 RSUs into 8,588 Class A shares; 3,905 shares were then withheld to cover taxes at $14.07/share, leaving 22,292 shares owned.
SPT Holding Sarl reported a J-Other transaction disposing of 20,462,735 shares of FLNC Class A Common Stock on 2026-07-06, leaving 1,231,982 shares owned afterward.
Fluence Energy officer Zahurancik John sold 31,974 Class A common shares in two open-market sales on June 22-23, 2026 at $22.03-$25.18 per share, leaving 71,171 shares owned.
John Zahurancik (SVP & CCSO) sold 31,974 Class A shares over two transactions on Jun 22-23, 2026, at prices between $22.03 and $25.18. After the sales, he owned 71,171 shares.
Director Harald von Heynitz sold 5,000 shares of Fluence Energy Class A Common Stock at $25 on 2026-06-15, leaving 58,550 shares owned afterward.
Fluence Energy director Da Santos Bernerd filed an initial ownership statement (Form 3) reporting no shares of common stock owned as of 2026-06-03.
Director Elizabeth Anne Fessenden gifted 1,000 shares of Fluence Energy Class A Common Stock on 2026-06-02, leaving 66,250 shares owned afterward.
AES Corp converted 10,066,414 LLC Units of Fluence Energy, LLC into 10,066,414 Class A shares, then sold all 10,066,414 Class A shares at $21 each, leaving 0 shares owned.
Qatar Investment Authority sold 2,867,172 shares of Fluence Energy Class A common stock at $21 per share, leaving 11,801,103 shares owned afterward.
SPT Holding Sarl, a 10% owner of Fluence Energy, sold 10,066,414 Class A shares at $20.5275, leaving 21,694,717 shares owned afterward.
This Form 3 filing by director Fahad Abdulla Al-Darwish reports his initial ownership position in Fluence Energy, showing 0 shares of common stock held as of March 12, 2026.
Director Harald von Heynitz exercised options on 32,348 Class A shares at $0.00, then sold 10,000 Class A shares at $16.5019, leaving 63,550 shares owned.
Filings
46 · Latest SEC filingsFluence Energy officer Roizen Gottlieb Ricardo filed a Form 3 initial statement of beneficial ownership on 2026-11-09, tied to a 2026-10-30 record showing 0 shares of common stock at $0.00. No acquisition or disposition of shares is reported.
Fluence Energy director Herman E. Bulls bought 10,000 Class A Common shares on the open market at $7.36 each on 2026-09-21, holding 169,550 shares after.
Fluence Energy director von Heynitz Harald bought 7,000 Class A Common Stock shares on the open market at $7.36 each (2026-09-21), holding 65,550 shares afterward.
Fluence Energy director Stephen Coughlin filed an initial Form 3 reporting 0 shares of common stock acquired at $0.00, with 0 shares owned after the transaction.
Fluence Energy officer Da Santos Bernerd filed a Form 3 on 2026-09-21; no shares or transaction type were reported.
May Stephan filed a Form 3 with no reportable transactions, reporting 0 shares acquired and no change in beneficial ownership.
Peter Bennett Williams converted 8,588 RSUs into 8,588 Class A shares; 3,905 shares were then withheld to cover taxes at $14.07/share, leaving 22,292 shares owned.
SPT Holding Sarl reported a J-Other transaction disposing of 20,462,735 shares of FLNC Class A Common Stock on 2026-07-06, leaving 1,231,982 shares owned afterward.
Fluence Energy officer Zahurancik John sold 31,974 Class A common shares in two open-market sales on June 22-23, 2026 at $22.03-$25.18 per share, leaving 71,171 shares owned.
John Zahurancik (SVP & CCSO) sold 31,974 Class A shares over two transactions on Jun 22-23, 2026, at prices between $22.03 and $25.18. After the sales, he owned 71,171 shares.
Director Harald von Heynitz sold 5,000 shares of Fluence Energy Class A Common Stock at $25 on 2026-06-15, leaving 58,550 shares owned afterward.
Fluence Energy director Da Santos Bernerd filed an initial ownership statement (Form 3) reporting no shares of common stock owned as of 2026-06-03.
Director Elizabeth Anne Fessenden gifted 1,000 shares of Fluence Energy Class A Common Stock on 2026-06-02, leaving 66,250 shares owned afterward.
AES Corp converted 10,066,414 LLC Units of Fluence Energy, LLC into 10,066,414 Class A shares, then sold all 10,066,414 Class A shares at $21 each, leaving 0 shares owned.
Qatar Investment Authority sold 2,867,172 shares of Fluence Energy Class A common stock at $21 per share, leaving 11,801,103 shares owned afterward.
SPT Holding Sarl, a 10% owner of Fluence Energy, sold 10,066,414 Class A shares at $20.5275, leaving 21,694,717 shares owned afterward.
This Form 3 filing by director Fahad Abdulla Al-Darwish reports his initial ownership position in Fluence Energy, showing 0 shares of common stock held as of March 12, 2026.
Director Herman E Bulls converted 32,348 restricted stock units into 32,348 shares of Class A common stock on 2026-03-17, bringing his direct holdings to 159,550 shares.
Director Cynthia A. Arnold converted 32,348 restricted stock units into 32,348 shares of Class A common stock, now holding 118,550 shares directly.
Director Harald von Heynitz exercised options on 32,348 Class A shares at $0.00, then sold 10,000 Class A shares at $16.5019, leaving 63,550 shares owned.
Director Elizabeth Anne Fessenden converted 32,348 restricted stock units into 32,348 shares of Class A common stock on 2026-03-17, leaving 67,250 shares owned afterward.
Director Harald von Heynitz was granted 10,658 Restricted Stock Units on 2026-03-12 as compensation, bringing his holdings to 10,658 units. This was an award, not an open-market purchase.
Director Elizabeth Anne Fessenden was granted 10,658 restricted stock units of Fluence Energy on 2026-03-12, a form of compensation rather than an open-market purchase, bringing her holding to 10,658 units.
Transcripts
Earnings callsFY2026 Q22026-05-07
Earnings calls
AI summary
positiveFluence reported Q2 2026 revenue of $465M (up 8% YoY) with adjusted gross margin of 11.1%, within guidance of 11-13%. The company signed approximately $2B in orders year-to-date (double prior year) and secured master supply agreements with two major hyperscalers after rigorous validation processes. The company maintains $900M liquidity and reaffirms FY2026 revenue guidance of $3.2-3.6B, with adjusted EBITDA of $40-60M.
Key takeaways
- Order intake accelerated to $2B year-to-date, double prior year amount, with 50% from new customers
- Signed MSAs with 2 major hyperscalers after meeting stringent technical and commercial requirements; expects first hyperscaler purchase order in Q3
- Data center pipeline increased 30% since prior call, with 12 gigawatt hours of pipeline, majority hyperscaler-related
- Record backlog of $5.6B supports confidence in FY2026 guidance reaffirmation
- U.S. domestic supply chain established with production from Smyrna, Tennessee facility and second supplier agreement beginning FY27
Financial highlights
- Q2 2026 revenue of $465M, up 8% YoY; approximately $80M pushed to Q3 due to customs and equipment loading issues
- Adjusted gross profit of $51M; adjusted gross margin of 11.1%, improvement from Q1 and prior year Q2
- Adjusted EBITDA of negative $9M, improved $21M versus Q2 2025
- Total liquidity of approximately $900M, including $430M cash; company invested $220M in inventory in Q2 and expects $100M additional in Q3
Guidance
- FY2026 revenue guidance of $3.2-3.6B (midpoint $3.4B), with approximately 70% in second half; reaffirmed
- Adjusted EBITDA guidance of $40-60M for full year; reaffirmed
- Annual recurring revenue expected to reach approximately $180M by end of FY2026, up from $148M in FY2025
- Adjusted gross margin guidance of 11-13% for full year; company expects ASPs to continue declining but forecasts approximately 50% revenue growth
Q&A themes
- Hyperscaler MSA wins driven by quality of power capabilities, advanced controls, and fast response system expertise; shorter duration deployments (2+ hours) primary need
- Competitive landscape: vertical integration by CATL and BYD has not materially changed competitive intensity; Fluence continues winning new and existing customers
- Data center response time requirements are significantly shorter than 100 milliseconds; company uses proprietary solutions with inverter partners previously proven in Europe
- Operating leverage strategy: costs maintained stable while revenue grows; OpEx expected to increase less than half the rate of revenue growth
Risks
- Approximately $80M revenue delayed in Q2 due to Vietnam customs issue and Spain equipment loading shortage, though issues resolved and shipments received
- ASP pressure expected to continue through remainder of FY2026, though company expects demand expansion to offset revenue impact
- Hyperscaler MSAs are not exclusive arrangements; multiple vendors can compete, though limited number of qualified suppliers currently exist
FY2026 Q12026-02-05
Earnings calls
AI summary
positiveFluence achieved Q1 2026 revenue of $475 million and signed over $750 million in global orders, with more than $500 million from the U.S. market. The company reaffirmed full-year guidance of $3.2-$3.6 billion revenue and $40-$60 million adjusted EBITDA, supported by record backlog fully covering midpoint guidance. Gross margin pressure in Q1 (5.6% vs. 11-13% guidance) reflects discrete project costs and typical first-quarter dynamics expected to normalize throughout the year.
Key takeaways
- Record $5.5 billion backlog with strong U.S. momentum driven by One Big Beautiful Bill Act legislation and rising demand
- Pipeline increased approximately $7 billion (30%) to over $30 billion, with 36 GWh data center opportunities and 34 GWh long-duration storage projects identified
- Q1 2026 adjusted gross margin of 5.6% reflects $20 million in discrete project-specific costs outside U.S. expected to recover throughout year, plus typical first-quarter fixed overhead timing
- Domestic supply chain performing on schedule with cell and module production ahead of plan; secured 100% of both domestic and international supply needs for 2026
- Ended quarter with $1.1 billion total liquidity ($477 million cash plus $617 million available credit facilities)
Financial highlights
- Q1 2026 revenue: $475 million (14% of full-year guidance, nearly double Q1 2025's 18% contribution)
- Record backlog: $5.5 billion, fully covering midpoint of $3.4 billion revenue guidance
- Adjusted gross profit: $27 million; adjusted gross margin: 5.6% (below 11-13% full-year guidance)
- Adjusted EBITDA: negative $52 million in Q1; full-year guidance remains $40-$60 million
Guidance
- FY2026 revenue guidance: $3.2-$3.6 billion (midpoint $3.4 billion), reaffirmed
- FY2026 adjusted EBITDA: $40-$60 million, reaffirmed
- Annual recurring revenue expected to reach approximately $180 million by end of fiscal 2026
- Gross margin expected 11-13% for full year; rolling twelve-month adjusted gross margin currently 12.3%
Q&A themes
- AESC PFE compliance: Company expects ASC to resolve prohibited foreign entity ownership issue independently; Fluence to remain offtaker under existing MSA without ownership stake
- Data center pipeline conversion: 36 GWh of data center opportunities not yet in backlog; expecting some conversion in Q3-Q4 of calendar year; portion already in pipeline of 36 GWh total
- Competitive landscape: No material change in competitive environment observed; diversification of domestic battery cell suppliers viewed as market positive similar to China EV transition
- Long-duration storage clarification: 34 GWh represents projects in leads and pipeline (vs. 60 GWh total addressable market referenced prior quarter); distinguishes between TAM and actual projects under engagement
Risks
- Q1 gross margin pressured by $20 million in discrete costs on two non-U.S. projects related to scope changes; recovery dependent on customer contract claims
- Data center and long-duration storage markets represent nascent opportunities with uncertain conversion timing and execution risk; 36 GWh data center pipeline contains projects not yet in formal pipeline requiring technical reviews with hyperscalers
- AESC facility PFE compliance resolution depends on third-party actions; company has limited visibility into specific resolution approach and timeline
FY2025 Q42025-11-25
Earnings calls
AI summary
positiveFluence signed a record $1.4B in Q4 orders, bringing full-year backlog to $5.3B, but missed FY2025 revenue guidance by $300M due to staffing delays at an Arizona enclosure manufacturing facility. Despite the revenue shortfall, the company delivered record 13.7% adjusted gross margin and $19.5M adjusted EBITDA at the top of guidance, positioning itself for 50% revenue growth in FY2026 with 85% backlog coverage.
Key takeaways
- Record $1.4B Q4 order intake driven primarily by Australian projects, bringing backlog to $5.3B with 85% FY2026 revenue coverage
- Secured second domestic battery cell supplier compliant with OBBBA regulations; progressing toward resolution with AESC on Tennessee facility ownership transfer
- Smartstack product gaining traction with landmark 4GWh LEAG project in Europe and emerging 30GWh data center pipeline with 80% of engagements post-quarter
- Arizona enclosure facility staffing issues resolved with 500+ new hires; production improved from 1.5 to 5 containers per day with confidence in meeting FY2026 targets
Financial highlights
- FY2025 revenue $2.3B (down $300M from expectations), adjusted gross margin 13.7% (record), adjusted EBITDA $19.5M (top of guidance)
- FY2025 ARR ended at $148M, slightly above $145M guidance; liquidity of $1.3B (up $300M YoY) with $700M+ in cash
- FY2026 guidance: revenue $3.2-3.6B, adjusted gross margin 11-13%, adjusted EBITDA $40-60M, ARR ~$180M
- Q4 2025 backlog provides 85% coverage of FY2026 revenue midpoint versus historical 60% coverage
Guidance
- FY2026 revenue guidance $3.2-3.6B with 1/3 in H1 and 2/3 in H2; 85% of midpoint already in backlog
- Adjusted gross margin guidance 11-13% reflecting 70% Gridstack Pro rollout costs; expect margin improvement over time
- Operating expenses to grow at less than half the pace of revenue; ~$100M in domestic supply chain investment and ~$100M working capital allocation from planned $200M total investment
- ARR guidance of ~$180M by end of FY2026 representing 20%+ year-over-year growth
Q&A themes
- Data center pipeline of 30GWh with 80% of engagements since quarter-end; opportunity driven by interconnection flexibility, backup power, and power quality needs; majority expected to convert to orders in H2 2026 with revenue likely in 2027
- Competitive environment: U.S. customers showing preference for non-PFE manufacturers even when not required; international market remains competitive with Chinese players
- New Chief Growth Officer Jeff Monday from Apple/Qualcomm and expanded Chief Customer Success Officer role to drive sales expansion into tech sector and maximize customer value
- Second cell supplier capacity available in 10-11 months; current backlog and AESC supply sufficient for near-term needs; AESC deal negotiations ongoing on IP, materials, and ownership with expectation of resolution ahead of regulatory deadlines
Risks
- Manufacturing execution risk: Arizona enclosure facility had significant staffing challenges; while addressed, execution must be proven in FY2026 to meet $3.2-3.6B revenue guidance
- Regulatory/compliance risk: OBBBA compliance with AESC Tennessee facility resolution pending on ownership transfer; second supplier not available until mid-2026, leaving dependency on AESC for near-term domestic supply
- Margin pressure: FY2026 guidance of 11-13% adjusted gross margin reflects 70% Gridstack Pro rollout costs; actual margin improvement trajectory uncertain
FY2025 Q32025-08-12
Earnings calls
AI summary
mixedFluence achieved strong margins despite Q3 revenue missing expectations by $100M due to U.S. manufacturing ramp-up delays, which the company expects to recover in fiscal 2026. The One Big Beautiful Bill Act supports the company's domestic content strategy with extended tax credits through 2034 and restrictions on Chinese equipment eligibility. The company ended the quarter with $4.9B in backlog, $900M+ in liquidity, and reactivated previously halted U.S. contracts as tariff uncertainty eased.
Key takeaways
- Q3 revenue of $603M was 15% below plan due to Arizona manufacturing facility ramp-up delays; $100M revenue shifted to fiscal 2026
- Signed $1.1B in contracts post-quarter-end including $700M from two Australian projects; pipeline grew to $23.5B
- OB3 legislation extends battery storage investment tax credits through 2034 and establishes FEOC restrictions limiting Chinese equipment and material sourcing
- All previously halted U.S. contracts reactivated as tariff rate on Chinese battery components reduced from 155.9% to 40.9%
- Achieved 15.4% adjusted gross margin in Q3; reaffirmed full-year 2025 adjusted EBITDA guidance of $0-$20M and gross margin of 10-12%
Financial highlights
- Q3 revenue: $603M; year-to-date revenue: $1.2B (46% of full-year guidance)
- Q3 adjusted gross margin: 15.4%; adjusted EBITDA: $27M
- Q3 backlog: $4.9B; annual recurring revenue increased to $124M
- Liquidity: $900M+ including $460M cash plus $150M new unsecured supply chain facility at 6% all-in cost; pro forma liquidity exceeds $1B
Guidance
- FY2025 revenue guidance lowered to low end of prior range at approximately $2.6B
- Reaffirmed FY2025 adjusted EBITDA guidance range: $0-$20M
- Reaffirmed FY2025 adjusted gross margin: 10-12%
- Reaffirmed FY2025 ARR: $145M by year-end; FY2026 backlog: $2.5B as of end of July/early August
Q&A themes
- FEOC compliance strategy: working with AESC on sourcing, control, and ownership restructuring; multiple options identified requiring no significant capital beyond existing liquidity; expects readiness by OB3 deadline
- Data center AI opportunity: early-stage engagement with leading data center operators; no contracts signed yet; estimated $8.5B demand through 2030; requires rapid battery response times
- U.S. margin pressure: Q4 tariffs on Chinese components estimated at $30M (1% margin impact) affect existing backlog contracts; new contracts expected to reflect normalized 10-15% margin levels
- Manufacturing ramp: Arizona enclosure facility delays due to technology transfer and process adaptations; 40 engineers deployed; U.S. steel enclosures being produced; expect normalized production by calendar year-end
Risks
- Q3 revenue missed expectations by $100M due to U.S. manufacturing ramp-up delays; company does not expect to fully recover this shortfall by year-end
- Q4 margins pressured by $30M tariff impact on existing contracts; potential lingering tariff effects into Q1 FY2026
- FEOC compliance requirements and ownership restructuring uncertainty; AESC second production line timing and alternative cell supplier evaluation ongoing
Company news
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Company data
Company intelligence
Updated: Nov 13, 2026, 01:17 PM UTC
Company data
Company intelligence
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
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
Company press releases
Market cap history
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0% | 2.5M |
| IWM | 0.03% | 2.3M |
| NJM | 0.07% | 2.2M |
| FSSNX | 0.05% | 2.1M |
| FOCKX | 0.04% | 2M |
| VB | 0.01% | 1.8M |
| BATG.L | 2.23% | 1.8M |
| GRID | 0.08% | 1.1M |
| VBK | 0.02% | 1M |
| ACDC.AX | 2.22% | 1M |
| VXF | 0.01% | 983.5K |
| IWO | 0.05% | 818.4K |
Analyst track record
How the analysts covering FLNC have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 117 | 335 |
| Analysts | 23 | 36 |
| Buy / hold / sell | 27 / 72 / 18 | 141 / 168 / 26 |
| Upgrades / downgrades / initiations | 8 / 8 / 7 | 15 / 28 / 11 |
| Price targets hit / missed | 3 / 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.
- George GianarikasCanaccord Genuity30% hit rate on this stock · 10 targets measuredBuytarget $15.00Sep 17, 2026
- Christine Cho CFABarclays17% hit rate on this stock · 12 targets measuredSelltarget $10.00Sep 3, 2026
- Ameet ThakkarBMO Capital13% hit rate on this stock · 8 targets measuredHoldtarget $7.00Oct 20, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 3, 2026 | Brian K. LeeGoldman SachsNov 3, 2026 | HoldReiterated | $7.00↗ | article ↗ |
| Oct 26, 2026 | Jon WindhamUBSOct 26, 2026 | HoldReiterated | $6.00↗ | article ↗ |
| Oct 21, 2026 | Vikram BagriCitiOct 21, 2026 | BuyMaintained | $11.00↗ | article ↗ |
| Oct 20, 2026 | Ameet ThakkarBMO CapitalOct 20, 2026 | HoldReiterated | $7.00↗ | article ↗ |
| Oct 20, 2026 | Christopher SoutherTruist FinancialOct 20, 2026 | HoldReiterated | $8.00↗ | article ↗ |
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.
Gate.io
Bitget
OKX
MEXC
Bitunix
GRVT
Bybit
XT.com
HTX
KuCoin
Extended
Aster
Crypto.com Exchange
Deepcoin
BingX
Binance
LBank
Ourbit