Fluence Energy, Inc. - Class A Common Stock (FLNC)
13.82
0.00 (0.00%)
Fluence Energy is a company focused on providing advanced energy storage solutions and services to support the transition to a sustainable energy future
They develop and deploy innovative energy technology systems that aid in the integration of renewable energy sources, enhance grid reliability, and optimize energy usage. Their offerings include battery storage products, energy management software, and comprehensive solutions designed for utilities, independent power producers, and commercial customers. By leveraging cutting-edge technologies, Fluence Energy aims to enable a cleaner, more resilient energy ecosystem while driving the adoption of renewable energy globally.
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Shares of electricity storage and software provider Fluence (NASDAQFLNC)
fell 17% in the morning session after the company reported weak third-quarter financial results. Its revenue missed significantly. On the other hand, Fluence Energy blew past analysts' EBITDA and EPS estimates. Overall, this was a mixed yet weaker quarter.
Electricity storage and software provider Fluence (NASDAQFLNC) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 82.5% year on year to $1.23 billion. On the other hand, the company’s full-year revenue guidance of $4 billion at the midpoint came in 1.5% above analysts’ estimates. Its GAAP profit of $0.34 per share was 19.8% above analysts’ consensus estimates.
