ATLAS
FLNC

Fluence Energy

Watchlist Only
Power · cooling · grid infrastructure·US·Arlington, VA·#18 / 18 in segment·0.2% of segment mcap
$18.94
250.9% vs S&P 12m

Battery energy storage systems integrator and software vendor (Mosaic) for grid balancing.

Storage is the grid flexibility tool that backstops AI demand; thesis is leveraged but margin/timing remain volatile.

Products
  • Storage systems
  • Bidding software
Customers (2)
  • Utilities
  • IPPs
Competitors (2)
  • Tesla Megapack
  • Wartsila

Composite score

Higher = stronger overall research case

48
Fundamental49
Technical68
Valuation20
AI relevance50
Risk-adjusted (higher = safer)49
Segment-relative fundamental percentile: 17

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 6.1%6M RS: -1.4%12M RS: 250.9%Vol30d: 150%DD52w: -41.2%

Financial summary

Curated, illustrative

Revenue
$2.58B
Growth (YoY)
7.7%
Gross margin
11.7%
Operating margin
-8.4%
FCF
$-133.67M
Capex
$0.00
Net cash / (debt)
$-14.67M
ROIC
-1.3%
Customer conc.
Medium

Valuation

Market cap
$3.49B
Enterprise value
$3.51B
P/E (TTM)
Forward P/E
146.8x
EV / Sales
1.4x
EV / EBITDA
20.0x
P / FCF
PEG
3.2x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 4
    Margin volatility
  • 3
    Backlog mix risk

Score components

What drove the composite

Growth46
Profitability24
Cash generation25
Balance sheet78
Moat / AI relevance62
Capital intensity (higher = lighter)83
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)65
Momentum (3/6/12m)68
Relative strength100
Realized vol (higher = lower vol)20