Fluence Energy, Inc. (FLNC) saw its stock price soar 42.33% during intraday trading on Thursday, marking a significant upward movement for the energy storage company.
The surge follows the company's release of its second-quarter fiscal 2026 financial results, which showed a narrowed quarterly loss of $0.16 per share, beating analyst expectations. Investor sentiment was further bolstered by the announcement of master supply agreements signed with two major artificial-intelligence hyperscalers, representing a strategic expansion into new customer segments.
Additionally, the company reported that its order intake more than doubled year-to-date, driving its order backlog to a record $5.6 billion. Management's reaffirmation of its full-year fiscal 2026 revenue and adjusted EBITDA guidance provided further confidence in the company's financial outlook despite a quarterly revenue shortfall.