Welcome to our dedicated page for Fluence Energy news (Ticker: FLNC), a resource for investors and traders seeking the latest updates and insights on Fluence Energy stock.
Fluence Energy, Inc. (NASDAQ: FLNC) is a global leader in energy storage technology and services, established and backed by industry titans Siemens and AES. The company plays a pivotal role in the global transition to clean energy with its state-of-the-art energy storage products and services, as well as advanced digital applications for renewables and storage. With over 47 markets worldwide, Fluence's mission is to transform the way we power the world by creating more sustainable and resilient electric grids.
Fluence's core offerings include modular, scalable energy storage products and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage. Their comprehensive service portfolio ensures that clients achieve the maximum value from their energy investments. The company has a proven track record, having delivered or contracted more than 8.7 GW of energy storage globally.
The company recently secured a major project in Germany, collaborating with MW Storage to deliver a 100 MW/200 MWh battery-based energy storage system. This project, located in the Wunsiedel district, underscores Fluence’s commitment to supporting the German energy transition and modernizing the country's energy infrastructure. Fluence is also pioneering the 250 MW Grid Booster project, Germany's first and largest battery-based energy storage system integrated into the transmission network, aimed at enhancing the transmission of renewable energy.
Financially, Fluence is robust, drawing the majority of its revenue from the Americas. Significant partnerships with entities like SSE Renewables in the UK further solidify its market presence. The company’s strategic initiatives are supported by a knowledgeable and experienced team, enhancing Fluence's ability to deliver at a global scale.
For more information on Fluence Energy, Inc. and to stay updated on the latest industry insights, you can visit their website or follow them on LinkedIn or Twitter. Fluence also offers a Full Potential Blog for detailed updates and industry trends.
Fluence Energy (NASDAQ: FLNC) has successfully completed its previously announced offering of $400.0 million in 2.25% convertible senior notes due 2030. The offering includes an additional $50.0 million from the full exercise of the initial purchasers' option. The notes will be senior, unsecured obligations with semi-annual interest payments, maturing on June 15, 2030.
The company entered into capped call transactions to offset potential dilution from note conversions. Fluence will use part of the proceeds to fund these transactions, with the remaining funds being transferred to Fluence Energy, through an intercompany note. The subsidiary plans to use the funds for working capital, upgrading a battery cell production line from 305 to 530 amp hour cells, and general corporate purposes.
Fluence Energy (NASDAQ: FLNC) has announced successful completion of rigorous safety testing for its Gridstack Pro 2000 energy storage system. The testing, conducted with DNV and CSA Group, included deflagration and large-scale fire tests using Fluence's U.S.-manufactured battery modules. The system exceeded industry safety standards, including NFPA 68, NPFA 855, and UL 9540A requirements.
The deflagration testing at DNV's Spadeadam facility validated explosion mitigation features, while fire testing at Safe Laboratories demonstrated the system's ability to contain thermal events without propagation to neighboring enclosures. The tests included Fluence's battery modules manufactured in Utah, which recently achieved UL1973 certification.
The company also conducted product-level plume modeling to understand smoke and gas dispersion, supporting safety guidelines for permitting authorities and first responders.
Fluence Energy (FLNC) has announced the pricing of an upsized $350.0 million convertible senior notes offering due 2030, increased from the previously announced $300.0 million. The notes will carry a 2.25% interest rate, payable semi-annually, and will mature on June 15, 2030. The initial conversion price is set at $21.35 per share, representing a 30% premium over the last reported share price.
The company has entered into capped call transactions to offset potential dilution, with a cap price of $28.74 per share. The proceeds will be used for working capital needs, upgrading battery cell production lines from 305 amp hour to 530 amp hour cells, and general corporate purposes.
Fluence Energy (FLNC) has announced plans to offer $300 million in convertible senior notes due 2030, with an additional $45 million option for initial purchasers. The notes will be senior, unsecured obligations with semi-annual interest payments. Noteholders can convert their notes under certain conditions before March 15, 2030, and freely thereafter until maturity.
The company plans to implement capped call transactions to offset potential dilution from note conversions. Fluence will use the proceeds to fund these transactions and transfer remaining funds to Fluence Energy, for working capital, upgrading battery cell production from 305 to 530 amp hour cells, and general corporate purposes.
Fluence Energy (FLNC) reported strong fiscal year 2024 results with record revenue of $2.7 billion, up 22% year-over-year. The company achieved significant profitability improvements, posting net income of $30.4 million compared to a net loss in 2023. Fourth quarter performance was particularly strong with revenue of $1.2 billion, up 82% year-over-year. The company's backlog grew to $4.5 billion, up from $2.9 billion in 2023. For fiscal year 2025, Fluence projects revenue between $3.6-4.4 billion and Adjusted EBITDA of $160-200 million.
Fluence Energy (Nasdaq: FLNC) has announced it will release its fourth quarter and fiscal year 2024 earnings report on Monday, November 25th, 2024, after market close. The company will host an earnings conference call on Tuesday, November 26th, 2024, at 8:30 a.m. EST. Analysts must pre-register for the call, while general audience participants can join in listen-only mode via webcast. Supplemental materials will be available on the company's website, and a replay of the call will be accessible after 1 p.m. on November 26th.
The National Association of Corporate Directors (NACD) has announced the honorees of the 2024 NACD Directorship 100™, recognizing leading corporate directors and governance experts. The awards include the B. Kenneth West Lifetime Achievement Award, given to Michael Daniels and Maggie Wilderotter for their notable achievements in board careers.
The Director of the Year recipients are:
- Public Company: Herman Bulls (Fluence Energy, USAA, JLL, and others)
- Private Company: Greg Cessna (Maclean Fogg, Hillandale, Henderson Brothers)
- Nonprofit: Hon. Robert A. McDonald (Elizabeth Dole Foundation, West Point Association of Graduates)
The honorees will be recognized at the 2024 NACD Directorship 100 Awards Gala on December 16 in New York City and featured in NACD Directorship® magazine.
Fluence Energy, Inc. (NASDAQ: FLNC) has initiated domestic production of battery modules for energy storage products at a facility in Utah. This strategic move allows Fluence to offer a storage solution that qualifies for the Inflation Reduction Act's domestic content bonus tax credit, giving them a first-mover advantage. The battery modules will use cells manufactured in Tennessee and integrate with Fluence's battery management system.
This development is important in light of recent increases in Section 301 tariffs on batteries imported from China, which are set to rise to 25% in 2026. Fluence's U.S.-based manufacturing strategy aims to reduce supply chain risks and support national energy independence. The company is already making an impact on major projects, including the Eleven Mile Solar Center in Arizona, and has an agreement with Excelsior Energy Capital to deploy 2.2 GWh of energy storage projects using domestically manufactured battery systems across the United States, beginning in 2025.
Fluence Energy (NASDAQ: FLNC) reported its Q3 FY2024 results, highlighting record quarterly order intake of $1.3 billion and a record backlog of $4.5 billion. Despite a 10% year-over-year revenue decrease to $483.3 million, the company showed significant improvements in profitability. GAAP gross profit margin rose to 17.2% from 4.1% last year, while net income reached $1.1 million, up from a $35 million loss. Adjusted EBITDA improved to $15.6 million from negative $27.5 million.
Fluence updated its FY2024 guidance, narrowing revenue expectations to $2.7-$2.8 billion and Adjusted EBITDA to $55-$65 million. The company also raised its Annual Recurring Revenue (ARR) guidance to approximately $100 million. Fluence secured a $500 million revolving credit facility, bolstering its liquidity to support ongoing growth.
Fluence Energy (NASDAQ: FLNC) and Excelsior Energy Capital have announced an agreement to install 2.2 GWh of battery storage projects in the United States starting in 2025. The projects will use domestically manufactured batteries, modules, and supporting systems, primarily produced in Tennessee and Utah. This partnership aims to support American manufacturing, domestic supply chains, and electricity grid resilience.
Excelsior will deploy Fluence's Gridstack Pro product line, which is expected to qualify as domestic content under the Inflation Reduction Act (IRA). The agreement is seen as a step towards fostering a domestic supply chain for critical clean tech manufacturing in the U.S., directly supporting American jobs and battery storage production capacity.
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