FLNC Stock Rips Overnight: Record Backlog, Hyperscaler Deals Boost Momentum

• The energy storage company also said that it had signed master supply agreements with two major hyperscalers.
• Fluence posted a 7.7% revenue increase to about $464.9 million, but missed Wall Street expectations.
• The company posted a net loss per share of $0.16, narrower than consensus estimates of $0.18.

Shares of Fluence Energy Inc. (FLNC) rallied more than 26% in Wednesday’s extended trading hours after the company revealed a record backlog and new supply agreements with two hyperscalers in its latest earnings report.

The energy storage company posted second-quarter (Q2) earnings results after-hours. While revenues came in below Wall Street expectations, Fluence Energy reported a narrower-than-expected loss.

Fluence Energy’s Backlog Soars

The Arlington, Virginia-based company said that it had a record backlog of about $5.6 billion as of March 31. The company also said it had signed master supply agreements with two major hyperscalers, and first orders are expected during the third quarter of this fiscal year.

"We are beginning to see the benefit of our pipeline growth with an acceleration of orders over the past few months and backlog reaching another record level. We also reached substantial completion on our first delivery of Smartstack and affirmed access to our domestic content offering in the U.S.," said President and CEO Julian Nebreda.

Fluence Energy Q2 Snapshot

Meanwhile, the company reported a 7.7% increase in revenue to about $464.9 million. The figure, however, was well below Wall Street's expectations of $622.31 million, according to Fiscal.ai data.

However, the company posted a net loss per share of $0.16, narrower than consensus estimates of $0.18, according to data from Fiscal.ai.

Fluence Energy’s earnings conference call is slated to begin at 8:30 a.m. EDT on Thursday.

Fluence Energy Guidance

The company reaffirmed its fiscal year 2026 guidance, with revenue expected at $3.4 billion at the midpoint. The company forecast adjusted EBITDA of approximately $40.0 million to $60.0 million and said it expected annual recurring revenue of about $180 million by the end of the fiscal year.

FLNC Retail Stance

On Stocktwits, retail sentiment around FLNC stock improved from ‘bullish’ to ‘extremely bullish’ territory over the past 24 hours amid ‘extremely high’ message volumes.

One bullish user referenced the hyperscaler contracts, adding, “unreal, buying more.”

Another user said that the stock was “completely re-rating.”

FLNC stock has surged more than 223% in the last year.

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