FLNC - Fluence Energy In A Binary World
2024-05-17 11:59:28 ET
Summary
- Excellent Q2 2024 report, but the share price is down 20% for no clear reason.
- CEO Julian Nebreda claims that nothing comes near battery technology for 100% 24/7 power and that this is a big deal for data centers. This is a big positive for Fluence.
- Fluence is building battery modules in the US, giving it first-mover advantage on US domestic content requirements.
- Fluence’s digital offering makes it an integrated solution provider in energy storage and management.
- Two big and contrasting drivers in 2024: i) The goal of trebling renewables by 2030 versus ii) a push to limit renewable energy. This alone may be the source of Fluence pushback.
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Fluence Energy In A Binary World