Electricity storage and software provider Fluence (NASDAQ: FLNC) will be announcing earnings results this Wednesday afternoon. Here’s what investors should know.
Fluence Energy missed analysts’ revenue expectations last quarter, reporting revenues of $464.9 million, up 7.7% year on year. It was a very strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Fluence Energy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Fluence Energy’s revenue to grow 32.9% year on year, improving from the 24.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Fluence Energy has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Fluence Energy’s peers in the renewable energy segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Bloom Energy delivered year-on-year revenue growth of 166%, beating analysts’ expectations by 27.7%, and Generac reported revenues up 10.6%, falling short of estimates by 0.5%. Bloom Energy traded down 1.9% following the results while Generac was also down 1.9%.
Read our full analysis of Bloom Energy’s results here and Generac’s results here.
In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the renewable energy stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2% on average over the last month. Fluence Energy is down 15.2% during the same time and is heading into earnings with an average analyst price target of $18.67 (compared to the current share price of $15.11).
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