FLNC or GEV: Which Alternative Energy Stock Is Better-Placed Now?
GEV's stronger guidance, backlog growth and AI-driven power demand give it the edge despite FLNC's cheaper valuation and data-center tailwinds.

Fluence Energy, Inc. (FLNC) is a global provider of sophisticated energy storage systems and AI-powered digital applications, specifically designed for renewable energy ...
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Est. EPS $-0.46 · Revenue $2.98B · 7 analysts
Est. EPS $0.14 · Revenue $3.96B · 7 analysts
Est. EPS $0.41 · Revenue $4.78B · 9 analysts
Est. EPS $-0.05 · Revenue $1.04B · 2 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.3B | -16.1% | +39.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-48.3M | -312.7% | -56.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +13.1% | +3.4% | -43.9% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -2.0% | -307.6% | +0.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -2.1% | -353.6% | -12.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-175.3M | -388.8% | +82.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -7.7% | -444.4% | +87.6% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 91.0% | +1314.6% | -3.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.51x | +12.8% | -6.6% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.4B | +23.9% | +11.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.37 vs -0.27 | -38.8% | -0.24 vs 0.66 | -136.3% |
| Revenue Surprise | $2.3B vs $2.6B | -13.2% | $649.8M vs $2.2B | -69.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 17, 2026 | Williams Peter Bennett | officer: SVP and CPSCO | Class A Common Stock | A | 8,588 | — |
| Jul 17, 2026 | Williams Peter Bennett | officer: SVP and CPSCO | Class A Common Stock | D | 3,905 | $14.07 |
| Jul 17, 2026 | Williams Peter Bennett | officer: SVP and CPSCO | Restricted Stock Unit | D | 8,588 | — |
| Jul 6, 2026 | SPT Holding Sarl | 10 percent owner | Class A Common Stock | D | 20,462,735 | — |
| Jun 23, 2026 | Zahurancik John | officer: SVP & CCSO | Class A Common Stock | D | 15,974 | $22.03 |
Chris Shelton: Good morning, and welcome to Fluence Energy's Third Quarter Earnings Conference Call. Joining me on this morning's call are Julian Nebreda, our President and Chief Executive Officer; and Ahmed Pasha, our Chief Financial Officer. A copy of our earnings presentation, press release and supplementary metric sheet covering financial results, along with supporting statements and schedules, including reconciliations and disclosures regarding non-GAAP financial measures, are posted on the Investor Relations section of our website at fluenceenergy.com. During the course of this call, Fluence's management may make certain forward-looking statements regarding various matters relating to our business, including, but not limited to, statements related to our future financial and operational performance, future market growth and related opportunities, anticipated growth and business strategy, liquidity and access to capital, expectations relating to pipeline, order intake and contracted backlog, future results of operations and impact of the One Big Beautiful Bill Act, projected costs, beliefs, assumptions, prospects, plans and objectives of management and the timing of any of the foregoing. Such statements are based upon current expectations and certain assumptions and are therefore subject to certain risks, uncertainties and other important factors, which could cause actual results to differ materially. Please refer to our SEC filings for more information regarding these risks, uncertainties and important factors. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today. Also, please note that the company undertakes no duty to update or revise forward-looking statements for new information. This call will also reference non-GAAP measures that we view as important in assessing the performance of our business, including adjusted EBITDA, adjusted gross profit and adjusted gross profit margin. A reconciliation of these non-GAAP measures to the most comparable GAAP measure is available in our earnings materials on the Investor Relations website. Following our prepared remarks, we will conduct a question-and-answer session with our team. Thank you very much. I'll now turn the call over to Julian. Julian Jose Marquez: Thank you, Chris, and welcome to everyone joining us today. Turning to Slide 4. Today, I will provide an update on the progress we have made in driving new order intake and building our backlog, both of which were at record levels this quarter. I'll discuss our growing business, which includes robust demand from our core customers, combined with a rapid expansion of data center customers, from which we received our first orders and contract awards totaling $850 million. We believe that the momentum of the past few months will continue in the quarters to come, driven by our differentiated product offering and our team's long-standing ability to meet customer needs. Following my …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Julian Jose Nebreda Marquez | President, Chief Executive Officer & Director | USD 1,409,013 | Male | 1967 | Active |
Peter Williams | Senior Vice President & Chief Product and Supply Chain Officer | USD 889,377 | Male | 1964 | Active |
Ahmed Pasha | Senior Vice President & Chief Financial Officer | USD 759,805 | Male | 1969 | Active |
John Zahurancik | SVP & Chief Customer Success Officer | USD 523,686 | Male | 1972 | Active |
Chris Shelton | Vice President of Investor Relations & Sustainability | — | Male | — | Active |
Marek Wolek | Chief Strategy Officer & SVP | — | Male | — | Active |
Andrea Fisher | Chief Human Resources Officer & Senior Vice President | — | Female | — | Active |
Michelle Philpotas | Chief Accounting Officer | — | Female | 1967 | Active |
Vincent Winslow Mathis | Senior Vice President, Chief Legal & Compliance Officer and Secretary | — | Male | 1964 | Active |
Roman Loosen | Chief Enterprise Operations Officer & SVP | — | Male | — | Active |
GEV's stronger guidance, backlog growth and AI-driven power demand give it the edge despite FLNC's cheaper valuation and data-center tailwinds.

Modern data centers powered by advanced Nvidia chips require significantly more power compared to traditional setups. Technology companies have signed some major long-term power purchase agreements with independent power producers.

Handelsbanken Fonder AB decreased its position in shares of Fluence Energy, Inc. (NASDAQ: FLNC) by 45.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,400 shares of the company's stock after selling 136,607 shares during the period.

BERLIN and COTTBUS, Germany, Aug. 13, 2026 (GLOBE NEWSWIRE) -- LEAG Clean Power GmbH and Fluence Energy GmbH, a subsidiary of Fluence Energy, Inc. (NASDAQ: FLNC) (Fluence), a global market leader delivering intelligent energy storage systems, services, and asset optimisation software, have started the deployment of the Heinersbrück GridBattery energy storage project. The project will be co-located with renewable generation assets on recultivated former mining land.

Fluence Energy, Inc. receives a Buy rating despite weak Q3 financials, as record order intake and a $6.4 billion backlog signal robust demand. Fluence Energy's data center segment is emerging as a major growth engine, with rapid sales cycles and a pipeline now at 16 GWh. Profitability remains a key concern; gross margin fell to 5.1% in Q3, but management targets a return to 10–15% as production issues are resolved.
