SAN DIEGO, June 12, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Fluence Energy, Inc. (NASDAQ: FLNC) (the "Company") or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. Or for more information, contact Jim Baker at jimb@johnsonfistel.com ...

ERLANGEN, Germany, June 10, 2024 (GLOBE NEWSWIRE) -- Fluence Energy GmbH ("Fluence"), a subsidiary of Fluence Energy, Inc. (NASDAQ:FLNC), a leading global provider of energy storage products and services, and optimisation software for renewables and storage, and TransnetBW GmbH, the transmission system operator in the German state of Baden-Württemberg, have started the construction of Germany's first and largest battery-based energy storage system deployed as a part of the country's critical transmission ne ...

The Grid Booster is expected to reduce the need for grid expansion and ease bottlenecks stemming from transporting wind energy from Germany's north to the country's southern load centers. By limiting grid congestion, the project will support greater integration of renewable energy. Its innovative character lies in the usage of the batteries as part of a complex control system intended to reduce congestion on transmission lines. The project's footprint will be about 4.5 football fields in size and is expecte ...

This analysis was conducted by experts from Princeton University, MIT, Rhodium Group and Energy Innovation. It examined the U.S.'s efforts toward achieving a 40% reduction in greenhouse gas emissions by 2030. That is a key objective of President Joe Biden's Inflation Reduction Act. Challenges such as permit delays, grid connection issues and equipment shortages are hindering the deployment of large-scale renewable energy projects. Additionally, zero-emission electricity generation and storage saw a 32% incr ...

BlackJack3D/E+ via Getty Images The transition from fossil fuel to renewables for power generation is gathering pace, and a key part of that transition is managing intermittency of solar and wind power. There are a number of ways that this is being addressed. Firstly, power use can be time shifted (e.g., running air conditioners when the sun shines to have a cool house in the evening) or demand managed (e.g., having your grid supplier control the timing of your pool pump). Secondly, the sun always shines, a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40978 Fluence Energy, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Fluence Energy, Inc. (FLNC) came out with a quarterly loss of $0.07 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.21 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.13 per share when it actually produced a loss of $0.14, delivering a surprise of -7.69%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Fluence Energy, which belongs to the ...

Revenue Performance - Revenue for the second fiscal quarter was approximately $623.1 million, a decrease of about 11% year-over-year, primarily due to timing of product deliveries [5] - Total revenue for the three months ended March 31, 2024, was $623,141, a decrease of $75,045 or 11% compared to $698,186 in the same period of 2023 [56] Profitability Metrics - GAAP gross profit margin improved to approximately 10.3%, compared to approximately 4.4% for the same quarter last year [5] - Gross profit for the three months ended March 31, 2024, increased to $64,180, representing a 108% increase from $30,813 in the prior year [56] - Adjusted Gross Profit Margin for the three months ended March 31, 2024, was 10.6%, up from 4.6% in the same period of 2023 [56] - Net loss narrowed to approximately $12.9 million, an improvement from a net loss of approximately $37.4 million for the same quarter last year [5] - Net loss attributable to Fluence Energy, Inc. for the three months ended March 31, 2024, was $9.2 million, compared to a net loss of $24.9 million for the same period in 2023, indicating improved performance [34] - Net loss for the six months ended March 31, 2024, was $38,432,000, a 48% improvement from a net loss of $74,590,000 in the same period of 2023 [35] Cash Flow and Liquidity - Total cash increased to approximately $541.5 million, up by approximately $79 million from September 30, 2023 [5] - Cash provided by operating activities for the six months ended March 31, 2024, was $90,248,000, compared to cash used in operating activities of $163,411,000 in the prior year [35] - Free Cash Flow for the six months ended March 31, 2024, was $87,775, improving by $252,273 from $(164,498) in the previous year [59] - Total cash, cash equivalents, and restricted cash increased to $541,482,000 as of March 31, 2024, up from $312,581,000 at the end of the previous year [35] Backlog and Contracts - Backlog remained stable at approximately $3.7 billion as of March 31, 2024 [5] - Digital backlog increased by approximately 75% compared to the same quarter last year [9] - The company reaffirmed its fiscal year 2024 total revenue guidance range of $2.7 billion to $3.3 billion, with approximately 90% of the midpoint covered by current backlog [11] - Contracted backlog for energy storage products grew to 5.3 GW, a 15% increase from 4.6 GW as of September 30, 2023 [40] - The pipeline of potential contracts expanded to 18.4 GW, reflecting a 51% increase from 12.2 GW as of September 30, 2023 [40] - Digital contracts' pipeline grew to 35.6 GW, a 46% increase from 24.4 GW as of September 30, 2023 [40] Operational Metrics - Deployed energy storage products increased to 4.1 GW as of March 31, 2024, representing a 37% increase from 3.0 GW as of September 30, 2023 [40] - Order intake for energy storage products and solutions for the six months ended March 31, 2024, was 2.1 GW, a 75% increase from 1.2 GW in the prior year [40] - Assets under management for service contracts increased to 3.3 GW, an 18% rise from 2.8 GW as of September 30, 2023 [40] Expenses and Future Outlook - Research and development expenses for the three months ended March 31, 2024, were $17.4 million, down from $22.6 million for the same period in 2023 [34] - The company anticipates increasing expenses in the future, which may impact its ability to maintain prolonged profitability [26] - Adjusted EBITDA improved to approximately negative $6.1 million, compared to approximately negative $27.7 million for the same quarter last year [5] - Adjusted EBITDA for the six months ended March 31, 2024, improved to $(24,366,000), a 55% increase compared to $(53,731,000) in the same period of 2023 [52] Asset and Equity Position - Total assets as of March 31, 2024, were $1.53 billion, an increase from $1.35 billion as of September 30, 2023 [32] - Total stockholders' equity attributable to Fluence Energy, Inc. increased to $413.1 million as of March 31, 2024, from $402.3 million as of September 30, 2023 [32]

Fluence Energy, Inc. (FLNC) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May ...

About $150 trillion is expected to go into decarbonizing the global economy over the next thirty years. Here are the top four green energy stocks that may benefit as the world executes on its commitment to that transition.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.NextEra Energy Inc (NYSE: NEE)Copy link to sectionNextEra Energy is on our list of top four green energy stocks for long-term investment as it is one of the biggest names in the wind an ...