Fluence Energy (FLNC) saw its stock price explode on Thursday, following a massive surge in pre-market trading. The jump comes after the energy storage company reported its latest earnings and shared news of major new deals with global tech giants. Investors on social media platforms like X were quick to notice the move, as the stock climbed more than 40% before the opening bell.
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Nebreda Drives a Record-Breaking Backlog
The main reason for the sudden excitement is the company’s massive growth in orders. CEO Julian Nebreda shared that the firm’s backlog has reached a record $5.6 billion. This growth is being pushed by an acceleration of orders, with intake doubling to roughly $2.0 billion so far this year compared to the same time last year.
During the earnings call, Nebreda stated: “We are beginning to see the benefit of our pipeline growth with an acceleration of orders over the past few months and backlog reaching another record level.”
Hyperscaler Deals Fuel Fluence’s Growth
Fluence is also finding success with some of the biggest companies in the world. The company announced it has signed master supply agreements with two “hyperscalers,” which are the massive firms that run global data centers and cloud services. As the demand for AI grows, these tech giants need huge amounts of reliable power and battery storage to keep their facilities running. Analysts see this as a huge win for the company.
Fluence’s Financial Targets Remain on Track
Even though total revenue for the quarter was $464.9 million, which was lower than some had expected, the company kept its full-year goals in place. Fluence expects its total sales for 2026 to reach between $3.2 billion and $3.6 billion. The business is also showing signs of better financial health, with a significant improvement in its adjusted earnings compared to the previous year.
This steady progress, combined with the news of new tech partnerships, has clearly given investors a new wave of confidence in the stock’s future.
Is Fluence Energy Stock a Good Buy?
According to TipRanks, Fluence Energy stock (FLNC) has a consensus Hold rating among 13 Wall Street analysts. This rating is based on four Buys, seven Holds, and two Sell ratings assigned in the past three months. The average 12-month FLNC price target of $16.73 implies 23.4% upside from current levels.
