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Fluence Energy, Inc. (NASDAQ: FLNC) is a global leader in energy storage solutions and digital optimization for renewable energy systems. This dedicated news hub provides investors and industry professionals with essential updates on FLNC's strategic initiatives, financial milestones, and technological advancements shaping the clean energy transition.
Track critical developments including quarterly earnings disclosures, new product launches like modular storage systems, and strategic partnerships with utilities. Our curated feed covers regulatory updates impacting energy storage markets and FLNC's global project deployments across 47 countries.
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Bookmark this page for real-time updates on FLNC's market position, competitive differentiation in battery storage technology, and responses to evolving energy policies. For comprehensive tracking of this NASDAQ-listed innovator's journey in enabling sustainable grids, check back regularly for new verified updates.
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.
Excelsior Energy Capital has entered a multiyear agreement with Fluence Energy Inc. (NASDAQ: FLNC) to develop 2.2 GWh of battery energy storage system (BESS) infrastructure across the United States, starting in 2025. The agreement focuses on utilizing domestically manufactured battery cells from Tennessee and Fluence battery modules from Utah, supporting American grid stability, manufacturing capacity, and supply chain strength.
This partnership aims to reduce battery supply risks, enhance local economies, and accelerate U.S. renewable energy infrastructure. The agreement follows Excelsior's recent announcements, including the sale of a 38-project portfolio to BlackRock, the launch of Lydian Energy, and a 2 GW agreement with Heliene Inc. for domestically produced photovoltaic modules.
Fluence Energy (Nasdaq: FLNC) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The company will report its financial results for the quarter ended June 30, 2024, on Wednesday, August 7th, 2024, after market close. A teleconference to discuss the results is scheduled for Thursday, August 8th, 2024, at 8:30 a.m. ET.
Analysts are required to register for the call, while general audience participants can join in listen-only mode via a webcast. Supplemental materials may be referenced during the call and will be available on the company's website. A replay of the conference call will be accessible after 1 p.m. on August 8, 2024, through Fluence Energy's website.
