Fluence Energy (FLNC)
Integrates grid-scale battery storage with lifecycle services and asset optimization software.
Something off on this page? Send us feedback.
Integrates grid-scale battery storage systems and earns primarily from product sales, with maintenance services and Mosaic and Nispera software adding recurring revenue. Projects serve utilities, developers, and power producers worldwide while relying on third-party battery suppliers, contract manufacturers, and local grid and incentive rules.
Designs and delivers grid-scale battery energy storage systems, then supports installed assets with commissioning, operations, maintenance, and lifecycle services. Gridstack Pro and Gridstack serve front-of-the-meter projects; Ultrastack targets transmission and distribution uses, while Smartstack uses a modular split architecture. Fluence OS controls each storage system, and the Mosaic and Nispera cloud applications handle energy-market bidding and asset performance, respectively.
Serves utilities, independent power producers, developers, and other generators across the Americas, Europe, and Asia-Pacific from a single reportable segment. Configurable platforms combine factory-built modules with proprietary controls for capacity, frequency regulation, renewable integration, and other grid services. Product sales generate most revenue, with service and software contracts adding recurring income. Delivery depends on lithium-ion battery and inverter suppliers, third-party contract manufacturers, project permitting and interconnection, and changing trade, tax-credit, and electricity-market rules.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Mizuho Securities | Target | Target: $13 | Target: $6 |
| Sep 18, 2026 | Jefferies | Downgrade | Target: $24 | Target: $7 |
| Sep 18, 2026 | Goldman Sachs | Downgrade | ||
| Sep 17, 2026 | RBC Capital | Reiterate | Rating: —Target: $15 | Target: $4 |
| Sep 17, 2026 | BMO Capital | Reiterate | Rating: —Target: $15 | Target: $7 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $339.3M · Total debt $392.2M · Total assets $2.62B · Shareholders' equity $373.2M
- Revenue
- $649.8M
- Operating income
- −$53.5M
- Net income
- −$32.8M
No dividends on record.
| Institutions | ≈ 66.93% | 123.56M shares | |
|---|---|---|---|
| 343 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.51% | 944.3K shares | |
| 11 holders · as of Sep 22, 2026 | |||
| Strategic holders | 28.82% | 53.19M shares | |
| 2 holders · as of Jul 8, 2026 | |||
| Other | ≈ 3.74% | 6.90M shares | |
| remainder | |||
184.60M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (184.60M in the company's Sep 23, 2026 report, 131.46M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Aes Corp1Strategic10 percent owner | 22.45% | 41.43M COMPANY | filed May 18, 2026 |
Siemens Pension Trust E VInstitution | 11.75% | 21.69M A | as of Jun 30, 2026 |
Siemens AGInstitution | 10.69% | 19.74M A | as of Jun 30, 2026 |
SPT Holding Sarl2Strategic10 percent owner | 6.37% | 11.76M A | filed Jul 8, 2026 |
BlackRock, Inc.Institution | 4.01% | 7.41M A | as of Jun 30, 2026 |
- Aes Corp's transaction reports restate only vehicles that traded; the 2026 ownership statement (41.43M) is used instead.
- SPT Holding Sarl reports a block also reported by Mirae Asset Global Etfs Holdings Ltd.; it is counted once, under Mirae Asset Global Etfs Holdings Ltd.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 21, 2026 | Herman E. Bulls | director | +10,000 | $7.36 |
| Sep 21, 2026 | Harald von Heynitz | director | +7,000 | $7.36 |
| Jun 23, 2026 | John Zahurancik | officer: SVP & CCSO | −15,974 | $22.03 |
| Jun 22, 2026 | John Zahurancik | officer: SVP & CCSO | −16,000 | $25.18 |
| Jun 15, 2026 | Harald von Heynitz | director | −5,000 | $25.00 |
