Fluence Energy, Inc.
At today's price, Fluence Energy, Inc. (FLNC) is priced for today's economics sustained for ~10.5 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Fluence trades near $24.76 against a stack of valuation methods that mostly land lower. The book-value and earnings-power anchors sit far below the price because the company is not yet profitable, so the entire bull case rests on revenue growing into the multiple rather than on what the business earns today. The single most important number is the backlog: a record contracted backlog of roughly $5.6 billion, with two new master supply agreements with major hyperscalers, against trailing revenue
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247 institutional managers reported holding FLNC in 13F filings for the quarter ended 2026-03-31. Together they hold about 94% of the company; the top 10 hold 66%. 49 opened new positions that quarter. Held by Vanguard Group, D. E. Shaw, Two Sigma, among others. On the short side, 25.4M shares were sold short as of the 2026-06-15 count, about 19% of shares outstanding (1.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FLNC's share count grew 144.8% over the past five years even with $9.86M spent on repurchases. It pays no dividend. Cash returned over the past three years: $3.23M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FLNC over the trailing three years: 2024: 4 buys totaling $473k; 2025: 9 buys totaling $870k. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FLNC's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-12 | +8.2% | +23.1% |
| 2023-08-11 | -5.8% | -17.1% |
| 2024-02-09 | +10.1% | -28.0% |
| 2024-05-10 | -9.9% | +10.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FLNC's latest 8-K filings: 2026-06-05 (items 5.02); 2026-05-15 (items 3.02, 8.01, 9.01); 2026-05-06 (items 2.02, 9.01); 2026-04-03 (items 1.01, 9.01); 2026-03-16 (items 5.02, 5.07).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.