FLNC
Fluence Energy, Inc.
FLNC lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.
FLNC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
FLNC's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
FLNC PE Valuation
FLNC has no meaningful PE right now: it lost money over the past year.
FLNC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect FLNC's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
FLNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.56 | -$0.35 |
| Q1 2026 | -$0.31 | -$0.09 |
| Q4 2025 | -$0.39 | -$0.34 |
| Q3 2025 | -$0.37 | -385% |
| Q2 2025 | -$0.21 | -$0.02 |
| Q1 2025 | -$0.22 | +$0.17 |
| Q4 2024 | -$0.05 | +$0.48 |
| Q3 2024 | $0.13 | +$0.73 |
FLNC is still losing money, but far less than before: $0.56 per share over the past year, against $2.99 at its worst in mid-2022.
FLNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $649.8M | +7.9% |
| Q1 2026 | $464.9M | +7.7% |
| Q4 2025 | $475.2M | +154% |
| Q3 2025 | $1B | -15% |
| Q2 2025 | $602.5M | +25% |
| Q1 2025 | $431.6M | -31% |
| Q4 2024 | $186.8M | -49% |
| Q3 2024 | $1.2B | +82% |
FLNC's revenue is recovering but still below its 2024 peak: $650M last quarter, up 7.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -6.7% | -8.6 points |
| Q1 2026 | -6% | +4.2 points |
| Q4 2025 | -15% | +17 points |
| Q3 2025 | 4.4% | -1.7 points |
| Q2 2025 | 1.9% | +0.8 points |
| Q1 2025 | -10% | -7.8 points |
| Q4 2024 | -31% | -24 points |
| Q3 2024 | 6.2% | +4.5 points |
FLNC's operating margin was −6.7% last quarter, down 8.6 points from the same quarter a year ago.
FLNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$20M | +$137.4M |
| Q1 2026 | -$123.6M | -$73.1M |
| Q4 2025 | -$232.6M | -$19.3M |
| Q3 2025 | $260.9M | +3497% |
| Q2 2025 | -$157.4M | -$134M |
| Q1 2025 | -$50.5M | -172% |
| Q4 2024 | -$213.3M | -1292% |
| Q3 2024 | $7.3M | -85% |
FLNC has burned cash in most quarters: −$115M over the past year, against −$414M the year before.
FLNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.2% | +5.6M shares |
| 1 year | +6.3% | +8.1M shares |
| 3 years | +19% | +21.9M shares |
| 5 years | +179% | +88.6M shares |
FLNC has 138M diluted shares, up 6.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | $88,000 |
| Q4 2023 | — |
| Q3 2023 | $1.2M |
| Q2 2023 | $1.3M |
| Q1 2023 | — |
| Q4 2022 | $288,000 |
| Q3 2022 | $22,000 |
| Q4 2021 | — |
FLNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | -9.8x | Net Cash |
| Q3 2024 | -8.0x | Net Cash |
FLNC has more cash than debt.
FLNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.0 | Oversold |
| Stochastic | 2.5 | Oversold |
FLNC's weekly RSI is 29 (oversold) and its Stochastic is 2 (oversold).
FLNC PE vs Utilities Sector
FLNC has no meaningful PE right now: it lost money over the past year.
FLNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.25 | 24% below |
| 20 week MA | $10.0 | 53% below |
| 50 week MA | $15.8 | 70% below |
| 100 week MA | $12.8 | 63% below |
| 200 week MA | $16.7 | 72% below |
FLNC is in a downtrend: it's below all five of its weekly moving averages, and 72% below its 200-week average.
FLNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $35.6 | $35.4 | -0.6% |
| 2022 | $35.4 | $17.1 | -52% |
| 2023 | $17.1 | $23.9 | +40% |
| 2024 | $23.9 | $16.2 | -32% |
| 2025 | $16.2 | $20.2 | +24% |
| 2026 YTD | $20.2 | $4.74 | -77% |
FLNC has finished lower in three of the last five years. It's down 77% so far in 2026.