Jefferies Cites Strong U.S. Market Conditions Driving Fluence Energy, Inc. (FLNC) Upgrade
Fluence Energy, Inc. (NASDAQ:FLNC) is among the 12 Most Promising EV Battery Stocks to Buy Now.
Fluence Energy, Inc. (NASDAQ:FLNC) is one of the most promising stocks.
TheFly reported earlier on February 9 that Jefferies upgraded FLNC from Hold to Buy, setting a revised price target of $24, down from $25. The firm listed improved U.S. market circumstances, growth supported by a strong project backlog for fiscal 2026, and potential advantages from long-term opportunities in data center energy storage as the main causes of the rise.
Fluence Energy, Inc. (NASDAQ:FLNC) already released its fiscal 2026 first-quarter results, which covered the period ending December 31, 2025, on February 4. The business made about $475.2 million in revenue, which was 154.4% more than it made in the same quarter the previous year. The adjusted gross margin, which took into account project-related expenses and the seasonal distribution of fixed overhead, was 5.6%, compared to GAAP's 4.9% gross margin.
A net loss of about $62.6 million and an adjusted EBITDA of about $52.1 million were reported for the quarter. During the quarter, Fluence secured almost $750 million in new orders, increasing its backlog to over $5.5 billion, the highest it has ever had. Overall liquidity, including the revolving credit facility, was approximately $1.1 billion, while total cash was close to $477.8 million.
The business highlighted the continuous rise in global demand, which is driven by the development of data centers, the need for utilities, and an increase in industrial load. Aiming for $3.2 billion to $3.6 billion in revenue, $40 million to $60 million in adjusted EBITDA, and roughly $180 million in yearly recurring revenue, Fluence restated its fiscal 2026 target.
Fluence Energy, Inc. (NASDAQ:FLNC) develops battery-based energy storage systems that leverage advanced lithium-ion technology, supporting EV battery supply chains and grid integration, while enabling renewable energy storage and efficient power management.
While we acknowledge the potential of FLNC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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