Latest news with #FluenceEnergy
Yahoo
30-05-2025
- Business
- Yahoo
Fluence Energy (FLNC) Fell by Almost 10% This Week. Here is Why.
The share price of Fluence Energy, Inc. (NASDAQ:FLNC) fell by 9.89% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. An illustration of digital intelligence and energy storage for a modern industrial facility with servers and storage racks in the background. Fluence Energy, Inc. (NASDAQ:FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. Fluence Energy, Inc. (NASDAQ:FLNC) surged by over 35% earlier this month after posting better-than-expected results for its Q2 2025, beating market estimates in both revenue and adjusted EPS. However, the company reduced its guidance for the second quarter in a row, primarily due to the economic uncertainty caused by President Trump's tariffs. So the recent downturn in share price could be due to investors taking their profits. Another factor contributing to the decline in Fluence Energy, Inc. (NASDAQ:FLNC) is Jeffries' recently downgrading the stock from Hold to Underperform, while also reducing its price target from $4 to $3. While we acknowledge the potential of FLNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLNC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None. Sign in to access your portfolio
Yahoo
29-05-2025
- Business
- Yahoo
Fluence Energy (FLNC) Fell by Almost 10% This Week. Here is Why.
The share price of Fluence Energy, Inc. (NASDAQ:FLNC) fell by 9.89% between May 20 and May 27, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. An illustration of digital intelligence and energy storage for a modern industrial facility with servers and storage racks in the background. Fluence Energy, Inc. (NASDAQ:FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. Fluence Energy, Inc. (NASDAQ:FLNC) surged by over 35% earlier this month after posting better-than-expected results for its Q2 2025, beating market estimates in both revenue and adjusted EPS. However, the company reduced its guidance for the second quarter in a row, primarily due to the economic uncertainty caused by President Trump's tariffs. So the recent downturn in share price could be due to investors taking their profits. Another factor contributing to the decline in Fluence Energy, Inc. (NASDAQ:FLNC) is Jeffries' recently downgrading the stock from Hold to Underperform, while also reducing its price target from $4 to $3. While we acknowledge the potential of FLNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLNC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
28-05-2025
- Business
- Yahoo
Curtis defends clean energy tax credits his House GOP colleagues voted to remove
Sen. John Curtis, R-Utah, and John Zahurancik, president of Fluence in the Americas, after a tour of a Fluence Energy facility in Tooele, Utah. (Alixel Cabrera/Utah News Dispatch) After Utah Republican Sen. John Curtis toured a battery module manufacturing facility located about 30 miles from the Salt Lake City airport, among open lands and farms in Tooele County, he reflected on an oil embargo in the '70s that had deep impacts on the country's economy. Since then, he thinks of energy independence as a national security issue — one that may ultimately need the help of energy tax credits that his party is considering removing in the version of the 'big, beautiful' bill the U.S. House passed last week. 'I have been an advocate that not necessarily that we should take it all at face value, but that we should carefully evaluate every one and make sure that it's a good decision for our country, for our energy future,' Curtis said on Tuesday. 'The House did pass a bill that dramatically curtailed those. My friends in the House kind of call me up and say, 'listen, we're counting on you to fix it.'' The budget reconciliation package, as it's currently written, proposes eliminating major programs from the Biden administration's Inflation Reduction Act, a 2022 federal law that propelled clean energy investments, as President Donald Trump ordered his cabinet to fight state-led energy policies tied to climate change that 'threaten American energy dominance.' SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX However, Curtis, who founded the Conservative Climate Caucus in the U.S. House and has said that people don't have to give up their conservative credentials to be good at the climate change conversation, is planning on making the case to his Senate colleagues on how Inflation Reduction Act incentives affect all types of energy, including the country's fossil fuel industry via carbon sequestration tax credits to help control greenhouse gas emissions. 'A lot of Republicans don't like (the Inflation Reduction Act) because we weren't included in it. We didn't get a chance to vote for it,' Curtis said. 'And one of my missions right now in Washington is to point out that there are a lot of Utah-slash-Republican-slash-conservative principles in that, that we want to make sure that we make good decisions on, and part of that is this energy independence that I want for our country.' Tax bill proposal terminating clean energy credits may increase Utahns' energy costs That, he says, includes the discussion of 'be very careful with the decisions that we make and what we do, so we don't do anything that messes with that energy independence that's so important,' Curtis said in front of the staff of Fluence Energy, a Virginia energy storage production company with a Utah location. During his short tour, Curtis saw automation systems and lots of employees working on the battery modules, which integrate systems to store energy at a utility scale. The manufacturing operation opened at Tooele business park in 2022, John Zahurancik, president of Fluence in the Americas, said during the news conference on Tuesday, when pandemic-related challenges still plagued global shipping. 'We just couldn't get these goods into the United States, the United States being one of the largest markets for battery, energy storage systems in the world,' Zahurancik said. 'This is where storage originated. It's where all the first projects were done. It's where most of the largest projects in the world have been done.' Utah stood out for its proximity to other clean energy facilities and for its great access to roads, he added. Since that start, the company has already gone through a few generations of production, with bigger and much heavier products, leading to a 2024 expansion bringing in a module manufacturing line. As demand from the general public and large users, like data centers, keeps on growing alongside projections for massive rate increases, Zahurancik said his company has been looking to build new and reliable electricity generation. 'Batteries are right at the heart of that, both in terms of the affordability and the reliability,' he said. Some Utah clean energy advocates also believe that the work being done at this facility is a big deal. 'It's great to see a battery manufacturer like Fluence locate right here in Utah. Investing in a clean energy future and industries like energy storage is good for our state's economy and meeting our energy needs,' Josh Craft, director of government relations and public affairs at Utah Clean Energy, said in a statement. 'Like Senator Curtis said today, stable national investments in energy innovation are important to growing the industries of the future right here in our state.' As for Curtis, he hopes that projects like this, and other emerging ones in the state, are able to lead the way in the country and the world. But, he suggested that state goals could be more ambitious. 'I was teasing in the other room, our governor wants to increase the amount of energy that we produce by double in the next 10 years. And if he were here, I'd put my arm around him and say, 'governor, I love you. But that is not enough,'' Curtis said about Gov. Spencer Cox's Operation Gigawatt. 'There are demands coming on energy that far exceed doubling in 10 years.' 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Bloomberg
21-05-2025
- Business
- Bloomberg
Powering AI: Energy Leaders on Meeting Rising Demand
Markus Krebber, CEO, RWE AG and Julian Nebreda, President & CEO, Fluence Energy discuss responding to the rising power demands of artificial intelligence and the future of sustainable energy with Bloomberg's Francine Lacqua at the 2025 Qatar Economic Forum, Powered by Bloomberg. (Source: Bloomberg)
Yahoo
17-05-2025
- Business
- Yahoo
Fluence Energy, Inc. (FLNC) was Upgraded by Analysts This Week. Here is Why.
Fluence Energy, Inc. (NASDAQ:FLNC) was upgraded by not one, but two analysts this week. Let's take a look at why that happened. Fluence Energy, Inc. (NASDAQ:FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. Fluence Energy, Inc. (NASDAQ:FLNC) was upgraded by UBS' Jon Windham this week, who raised its price target from $4.5 to $6, while retaining its Neutral rating. The firm's bullish take on the stock was based chiefly on the trade truce between the US and China, with the belief that companies that factored high tariffs into their guidance might stand to benefit. Fluence received another upgrade this week, from RBC Capital's Christopher Dendrinos, who raised the energy company's price target from $6 per share to $7, while also maintaining a Neutral recommendation. It must also be noted that Fluence Energy, Inc. (NASDAQ:FLNC) reported its Q2 2025 results last week, beating both EPS and revenue estimates. However, the company reduced its guidance for the second quarter in a row, largely due to the economic uncertainty caused by President Trump's tariffs. Given the positive investor sentiment following the aforementioned developments, the share price of Fluence Energy, Inc. (NASDAQ:FLNC) has surged by more than 18% over the last week. While we acknowledge the potential of FLNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLNC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
