Fluence Energy, Inc.
FLNC
22.40USD-3.34Â (-12.98%)Market ClosedWatchlist
Market Summary
USD22.40-3.34
Market Closed-12.98%
FLNC Stock Price
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FLNC Valuation
FLNC Price/Sales (Trailing)
FLNC Profitability
FLNC Fundamentals
FLNC Revenue
FLNC Earnings
Price Action
Last 7 days
-10.6%
Last 30 days
19.5%
Last 90 days
-14.4%
Trailing 12 Months
54.1%
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FLNC Financial Health
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Net sales
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2023 | 1.7B | 2.0B | 2.2B | 0 |
| 2022 | 984.0M | 944.8M | 1.2B | 1.3B |
| 2021 | 621.0M | 650.9M | 680.8M | 739.4M |
| 2020 | 0 | 0 | 561.3M | 591.2M |
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Latest Insider Trading transactions for FLNC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
| Sep 15, 2023 | sial manavendra | sold (taxes) | -564,291 | 25.24 | -22,357 | svp & chief financial officer |
| Sep 15, 2023 | sial manavendra | acquired | - | - | 45,210 | svp & chief financial officer |
| Sep 01, 2023 | vanka krishna c | acquired | - | - | 9,244 | svp & chief digital officer |
| Sep 01, 2023 | nebreda julian | acquired | - | - | 46,220 | president and ceo |
| Sep 01, 2023 | nebreda julian | sold (taxes) | -491,038 | 27.54 | -17,830 | president and ceo |
| Sep 01, 2023 | vanka krishna c | sold (taxes) | -110,132 | 27.54 | -3,999 | svp & chief digital officer |
| May 22, 2023 | couch carolee | sold | -1,139,140 | 22.7827 | -50,000 | svp & chief sc & manu. officer |
| May 22, 2023 | couch carolee | acquired | 122,500 | 2.45 | 50,000 | svp & chief sc & manu. officer |
| Apr 28, 2023 | boll rebecca | sold (taxes) | -328,587 | 18.1 | -18,154 | svp & chief product officer |
| Apr 28, 2023 | boll rebecca | acquired | - | - | 40,932 | svp & chief product officer |
Which funds bought or sold FLNC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
| Nov 24, 2023 | DEUTSCHE BANK AG\ | added | 57.97 | 162,591 | 610,223 | -% |
| Nov 22, 2023 | Graham Capital Management, L.P. | sold off | -100 | -659,340 | - | -% |
| Nov 21, 2023 | COMERICA BANK | new | - | 6,552 | 6,552 | -% |
| Nov 16, 2023 | ATTICUS WEALTH MANAGEMENT, LLC | reduced | -4.88 | -7,825 | 35,865 | 0.01% |
| Nov 15, 2023 | GSA CAPITAL PARTNERS LLP | sold off | -100 | -796,000 | - | -% |
| Nov 15, 2023 | JANE STREET GROUP, LLC | reduced | -70.49 | -1,511,180 | 516,447 | -% |
| Nov 15, 2023 | WOLVERINE TRADING, LLC | added | 128 | 217,772 | 439,224 | -% |
| Nov 15, 2023 | Penserra Capital Management LLC | sold off | -100 | -3,169,000 | - | -% |
| Nov 15, 2023 | Westside Investment Management, Inc. | unchanged | - | -1,460 | 9,196 | -% |
| Nov 15, 2023 | MORGAN STANLEY | added | 0.54 | -3,219,480 | 21,111,900 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Fluence Energy, Inc.
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | siemens ag | 0% | 0 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Jun 03, 2022 | jpmorgan chase & co | 0.08% | 49,393 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G | |
| Feb 07, 2022 | aes corp | 52.0% | 58,586,695 | SC 13G | |
| Feb 07, 2022 | siemens industry, inc. | 52.0% | 58,586,695 | SC 13G | |
| Feb 07, 2022 | qatar investment authority | 34.2% | 18,493,275 | SC 13G |
Recent SEC filings of Fluence Energy, Inc.
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Dec 05, 2023 | 424B7 | Prospectus Filed | |
| Dec 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Nov 29, 2023 | 10-K | Annual Report | |
| Nov 28, 2023 | 8-K | Current Report | |
| Nov 27, 2023 | 8-K | Current Report | |
| Nov 17, 2023 | 8-K/A | Current Report | |
| Nov 16, 2023 | 8-K | Current Report | |
| Oct 12, 2023 | 8-K | Current Report | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | 144 | Notice of Insider Sale Intent |
Peers (Alternatives to Fluence Energy, Inc.)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AEP | 41.4B | 19.3B | 1.40% | -15.84% | 20.86 | 2.15 | 2.48% | -22.96% |
AWK | 25.9B | 4.1B | 4.01% | -14.21% | 28.13 | 6.26 | 8.42% | -30.20% |
AEE | 20.8B | 7.9B | 1.10% | -8.65% | 18.56 | 2.62 | 6.33% | 10.55% |
ATO | 17.0B | 4.3B | 3.64% | -1.69% | 19.23 | 3.98 | 1.75% | 14.39% |
AGR | 12.5B | 8.2B | 3.19% | -23.64% | 23.37 | 1.53 | 6.33% | -40.31% |
AES | 12.0B | 12.8B | 9.79% | -34.87% | -21.45 | 0.94 | 3.51% | -103.64% |
NRG | 10.9B | 29.9B | 3.91% | 37.05% | -5.3 | 0.36 | -2.81% | -159.74% |
| MID-CAP | ||||||||
PNW | 8.6B | 4.7B | 4.61% | -2.38% | 20.43 | 1.83 | 14.58% | -25.26% |
ALE | 3.5B | 1.9B | 9.18% | -5.22% | 14.33 | 1.86 | 23.25% | 23.96% |
AVA | 2.7B | 1.7B | 0.72% | -15.79% | 16.51 | 1.59 | 5.10% | 28.81% |
| SMALL-CAP | ||||||||
CPK | 1.8B | 672.6M | 10.07% | -16.15% | 20.32 | 2.66 | 2.88% | 2.37% |
CWCO | 570.1M | 155.4M | 13.36% | 149.52% | 26.74 | 3.67 | 88.76% | 276.04% |
CDZI | 205.1M | 1.9M | -6.95% | 48.79% | -6.5 | 106.87 | 79.73% | -32.32% |
VIA | 27.2M | 456.0M | 29.77% | -68.66% | 4.41 | 0.06 | 2.16% | 128.25% |
CREG | 9.4M | - | 9.26% | -59.03% | -2.43 | - | - | 73.79% |
Fluence Energy, Inc. News
Latest updates
Financials for Fluence Energy, Inc.
Income Statement (Last 12 Months)
| Income Statement (Quarterly) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 |
| Revenue | 25.5% | 672,981,000 | 536,351,000 | 698,186,000 | 310,460,000 | 441,982,000 | 239,010,000 | 342,724,000 | 174,887,000 | 188,205,000 | 278,195,000 | 98,133,000 | 116,233,000 | - |
| Gross Profit | 249.6% | 76,282,000 | 21,820,000 | 30,813,000 | 12,040,000 | 10,739,500 | -5,197,000 | -14,748,000 | -53,149,000 | -60,003,000 | -14,955,000 | 1,015,000 | 4,799,000 | - |
| S&GA Expenses | 16.9% | 11,815,000 | 10,106,000 | 10,401,000 | 8,792,000 | 9,559,500 | 8,398,000 | 6,191,000 | 13,059,000 | 5,877,000 | 6,826,000 | 5,180,000 | 4,741,000 | - |
| R&D Expenses | 48.0% | 14,676,000 | 9,918,000 | 22,551,000 | 19,162,000 | 17,915,000 | 18,129,000 | 13,340,000 | 10,758,000 | 6,176,000 | 4,740,000 | 8,367,000 | 4,144,000 | - |
| EBITDA Margin | - | - | - | -0.11 | -0.15 | -0.23 | -0.33 | -0.25 | -0.30 | -0.14 | -0.14 | - | -0.09 | - |
| Interest Expenses | -100.0% | - | 1,513,000 | 1,144,000 | 816,000 | 83,500 | 573,000 | 676,000 | 682,000 | 536,000 | 424,000 | 386,000 | 89,000 | - |
| Income Taxes | 607.0% | 6,591,000 | -1,300,000 | -126,000 | -600,000 | 1,864,000 | -979,000 | 100,000 | 358,000 | -1,058,000 | 1,700,000 | 500,000 | 700,000 | - |
| Earnings Before Taxes | 131.4% | 11,424,500 | -36,363,000 | -37,523,000 | -37,807,000 | -54,334,500 | -61,808,000 | -60,576,000 | -111,102,000 | -88,244,000 | -37,096,000 | -23,023,000 | -11,811,000 | - |
| EBT Margin | - | - | - | -0.11 | -0.16 | -0.24 | -0.34 | -0.26 | -0.31 | -0.15 | -0.15 | - | -0.10 | - |
| Net Income | 114.0% | 3,267,500 | -23,390,000 | -24,855,000 | -24,642,000 | -37,148,500 | -19,347,000 | -19,185,000 | -28,805,000 | -87,199,000 | -38,776,000 | -23,532,000 | -12,496,000 | - |
| Net Income Margin | - | - | - | -0.06 | -0.08 | -0.09 | -0.16 | -0.11 | -0.17 | -0.15 | -0.15 | - | -0.11 | - |
| Free Cashflow | - | - | - | -73,104,000 | -91,394,000 | -226,701,000 | 78,649,000 | 50,154,000 | -192,421,000 | -56,909,000 | -56,909,000 | - | -59,363,000 | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 |
| Assets | -13.6% | 1,352 | 1,565 | 1,948 | 2,152 | 1,746 | 1,673 | 1,501 | 1,483 | 718 |
| Current Assets | -14.0% | 1,195 | 1,389 | 1,808 | 2,010 | 1,602 | 1,551 | 1,416 | 1,381 | 662 |
| Cash Equivalents | 55.4% | 463 | 298 | 194 | 287 | 357 | 762 | 723 | 679 | 38.00 |
| Inventory | -56.2% | 225 | 514 | 763 | 1,084 | 653 | 454 | 352 | 442 | 390 |
| Net PPE | -0.1% | 13.00 | 13.00 | 13.00 | 15.00 | 14.00 | 9.00 | 8.00 | 9.00 | 8.00 |
| Goodwill | -1.0% | 26.00 | 26.00 | 26.00 | 26.00 | 25.00 | 25.00 | 9.00 | 9.00 | 9.00 |
| Liabilities | -21.9% | 796 | 1,019 | 1,380 | 1,553 | 1,116 | 1,001 | 775 | 705 | 774 |
| Current Liabilities | -21.9% | 746 | 954 | 1,345 | 1,526 | 1,109 | 994 | 775 | 702 | 771 |
| LT Debt, Non Current | -43.4% | 28.00 | 50.00 | 22.00 | 21.00 | - | - | - | - | - |
| Shareholder's Equity | 41.7% | 556 | 393 | 568 | 599 | 436 | 671 | 725 | 778 | - |
| Retained Earnings | 1.8% | -174 | -177 | -154 | -129 | -104 | -67.34 | -47.99 | -28.80 | -279 |
| Additional Paid-In Capital | 1.3% | 581 | 574 | 563 | 555 | 543 | 531 | 289 | 281 | - |
| Shares Outstanding | -100.0% | - | 116 | 116 | 115 | 70.00 | 55.00 | 54.00 | 54.00 | - |
| Minority Interest | 0.7% | 154 | 153 | 165 | 178 | 193 | 212 | 484 | 526 | - |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Quarterly) | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 |
| Cashflow From Operations | 1560.7% | 48,560,000 | 2,924,000 | -74,513,000 | -88,898,000 | -221,442,000 | 80,053,000 | 50,555,000 | -191,551,000 | -125,992,000 | -56,137,000 | -24,832,000 | -58,308,000 | - |
| Share Based Compensation | -3.5% | 5,480,000 | 5,677,000 | 7,286,000 | 8,477,000 | 9,068,000 | 13,189,000 | -3,003,000 | 24,877,000 | - | - | - | - | - |
| Cashflow From Investing | -104.9% | -3,063,000 | 61,997,000 | 41,834,000 | -6,331,000 | -115,403,000 | -30,619,000 | -1,525,000 | -870,000 | -1,293,000 | -772,000 | -1,172,000 | -19,055,000 | - |
| Cashflow From Financing | -100.0% | 7,000 | 28,778,000 | 558,000 | 23,252,000 | 1,593,000 | -12,584,000 | -5,443,000 | 833,487,000 | 105,397,000 | 85,493,000 | 18,236,000 | 22,000,000 | - |
| Buy Backs | -12.4% | 1,166,000 | 1,331,000 | - | 288,000 | 22,000 | 4,991,000 | - | - | - | - | - | - | - |
FLNC Income Statement
2023-09-30CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2021 | |
| Total revenue | $ 2,217,978 | $ 1,198,603 | $ 680,766 |
| Cost of goods and services | 2,077,023 | 1,260,957 | 749,910 |
| Gross profit (loss) | 140,955 | (62,354) | (69,144) |
| Operating expenses: | |||
| Research and development | 66,307 | 60,142 | 23,427 |
| Sales and marketing | 41,114 | 37,207 | 22,624 |
| General and administrative | 136,308 | 116,710 | 38,162 |
| Depreciation and amortization | 9,835 | 7,108 | 5,112 |
| Interest (income) expense, net | (5,388) | (326) | 1,435 |
| Other (income) expense, net | (6,952) | 4,625 | 270 |
| Loss before income taxes | (100,269) | (287,820) | (160,174) |
| Income tax expense | 4,549 | 1,357 | 1,829 |
| Net loss | (104,818) | (289,177) | (162,003) |
| Net loss attributable to non-controlling interest | (35,198) | (184,692) | (162,003) |
| Net loss attributable to Fluence Energy, Inc. | $ (69,620) | $ (104,485) | |
| Weighted average number of Class A common shares outstanding | |||
| Weighted average number of Class A common shares outstanding, basic (in shares) | 116,448,602 | 69,714,054 | |
| Weighted average number of Class A common shares outstanding, diluted (in shares) | 116,448,602 | 69,714,054 | |
| Loss per share of Class A common stock | |||
| Loss per share of Class A common stock, basic (in usd per share) | $ (0.60) | $ (1.50) | |
| Loss per share of Class A common stock, diluted (in usd per share) | $ (0.60) | $ (1.50) | |
| Foreign currency translation gain (loss), net of income tax expense of $0.3 million in 2023, $0.1 million in 2022, and $0 in 2021 | $ 586 | $ 5,091 | (614) |
| Actuarial gain on pension liabilities, net of income tax expense of $0 in each period | 15 | 251 | 128 |
| Total other comprehensive income (loss) | 601 | 5,342 | (486) |
| Total comprehensive loss | (104,217) | (283,835) | (162,489) |
| Comprehensive loss attributable to non-controlling interest | (35,015) | (182,345) | (162,489) |
| Total comprehensive loss attributable to Fluence Energy, Inc. | (69,202) | (101,490) | |
| Nonrelated Party | |||
| Total revenue | 1,564,169 | 552,271 | 594,055 |
| Related Party | |||
| Total revenue | 653,809 | 646,332 | $ 86,711 |
| Cost of goods and services | 15,925 | 19,753 | |
| Operating expenses: | |||
| Research and development | 912 | 141 | |
| Sales and marketing | 135 | 1,679 | |
| General and administrative | $ 5,215 | $ 4,918 | |
FLNC Balance Sheet
2023-09-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2023 | Sep. 30, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 345,896 | $ 357,296 |
| Restricted cash | 106,835 | 62,425 |
| Short-term investments | 0 | 110,355 |
| Trade receivables, net | 103,397 | 86,770 |
| Unbilled receivables | 192,064 | 138,525 |
| Receivables from related parties | 58,514 | 112,027 |
| Advances to suppliers | 107,947 | 54,765 |
| Inventory, net | 224,903 | 652,735 |
| Current portion of notes receivable - pledged as collateral | 24,330 | 0 |
| Other current assets | 31,074 | 26,635 |
| Total current assets | 1,194,960 | 1,601,533 |
| Non-current assets: | ||
| Property and equipment, net | 12,771 | 13,755 |
| Intangible assets, net | 55,752 | 51,696 |
| Goodwill | 26,020 | 24,851 |
| Deferred income tax asset, net | 86 | 3,028 |
| Note receivable - pledged as collateral | 30,921 | 24,330 |
| Other non-current assets | 31,639 | 26,461 |
| Total non-current assets | 157,189 | 144,121 |
| Total assets | 1,352,149 | 1,745,654 |
| Current liabilities: | ||
| Accounts payable | 62,899 | 304,898 |
| Current portion of borrowings against note receivable - pledged as collateral | 22,539 | 0 |
| Personnel related liabilities | 52,174 | 21,286 |
| Accruals and provisions | 172,223 | 183,814 |
| Payables and deferred revenue with related parties | 116,488 | 306,348 |
| Taxes payable | 29,465 | 11,114 |
| Other current liabilities | 16,711 | 8,930 |
| Total current liabilities | 745,663 | 1,109,463 |
| Non-current liabilities: | ||
| Deferred income tax liability | 4,794 | 4,876 |
| Borrowings against note receivable - pledged as collateral | 28,024 | 0 |
| Other non-current liabilities | 17,338 | 2,107 |
| Total non-current liabilities | 50,156 | 6,983 |
| Total liabilities | 795,819 | 1,116,446 |
| Stockholders’ equity: | ||
| Preferred stock, 0.00001 per share, 10,000,000 share authorized; no shares issued and outstanding as of September 30, 2023 and 2022 | 0 | 0 |
| Treasury stock, at cost | (7,797) | (5,013) |
| Additional paid-in capital | 581,104 | 542,602 |
| Accumulated other comprehensive income | 3,202 | 2,784 |
| Accumulated deficit | (174,164) | (104,544) |
| Total stockholders' equity attributable to Fluence Energy Inc | 402,346 | 435,830 |
| Non-controlling interest | 153,984 | 193,378 |
| Total stockholders' equity | 556,330 | 629,208 |
| Total liabilities, stockholders’ equity | 1,352,149 | 1,745,654 |
| Nonrelated Party | ||
| Current liabilities: | ||
| Deferred revenue | 273,164 | 273,073 |
| Common Class A | ||
| Stockholders’ equity: | ||
| Common stock | 1 | 1 |
| Class B-1 common stock | ||
| Stockholders’ equity: | ||
| Common stock | 0 | 0 |
| Class B-2 common stock | ||
| Non-current liabilities: | ||
| Commitments and Contingencies | ||
| Stockholders’ equity: | ||
| Common stock | $ 0 | $ 0 |
| Â CEO | Mr. Julian Jose Nebreda Marquez |
|---|---|
| Â WEBSITE | fluenceenergy.com |
| Â EMPLOYEES | 967 |