Fluence stock gains as AMPYR selects it for Australian battery project
Investing.com
Published Jul 08, 2025 07:18AM ET
Investing.com - Fluence Energy (NASDAQ:FLNC), a company with over $2.3 billion in annual revenue and a strong liquidity position, was selected by AMPYR Australia for the 600MWh Wellington Stage 1 battery energy storage system (BESS) project, the company announced Monday. According to InvestingPro data, Fluence maintains more cash than debt on its balance sheet, with a healthy current ratio of 1.51.
The energy storage technology provider also has two additional BESS projects in Australia that will enter operations in the next few months, according to the announcement. Fluence had previously indicated it expected a strong increase in Australian order volume in the second half of fiscal year 2025. The company's stock has shown strong momentum recently, posting an 8.7% return over the past week, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.
In other energy storage news, Recurrent Energy began commercial operation Monday of its 1.2GWh storage project in Arizona, one of the state's largest. Canadian Solar 's (NASDAQ:CSIQ) e-STORAGE division served as the EPC provider and will provide support under a long-term service agreement.
The Department of Energy released a report on U.S. grid reliability and security showing that a total of 104GW of generator retirements are projected to be replaced by 209GW of new generation by 2030. However, only 22GW would come from baseload generation sources, which the report indicates would sharply increase reliability and outage risk.
President Trump issued an executive order Monday directing the Treasury Department to issue new and revised guidance within 45 days restricting the use of broad safe harbors for renewable energy projects unless a substantial portion of a facility has been built. The order also calls for Treasury to implement enhanced Foreign Entity of Concern (FEOC) restrictions within the same timeframe. For deeper insights into how these policy changes might affect Fluence Energy and other renewable energy stocks, access comprehensive analysis and 17 additional ProTips through InvestingPro 's detailed research reports.
In other recent news, Fluence Energy has initiated production at its new manufacturing site in Goodyear, Arizona, as part of its strategy to enhance domestic supply chains and U.S. energy security. This development is expected to create over 1,200 manufacturing jobs and represents a significant investment of approximately $700 million. In a separate update, Morgan Stanley raised its price target for Fluence Energy to $5 from $4, maintaining an Equalweight rating, despite the company's recent guidance reduction. The analyst noted potential improvements in the tariff environment could benefit Fluence Energy's EBITDA margins in the future. Conversely, Jefferies downgraded Fluence Energy to 'Underperform' from 'Hold,' adjusting the price target to $3 due to a perceived valuation disconnect and a slowing industry outlook. The downgrade highlights concerns over the impact of proposed tax bill language on U.S. storage companies reliant on Chinese supply chains. Additionally, Fluence Energy's FY25 revenue guidance was revised downward by 20%, reflecting market uncertainties and project delays. These recent developments underscore the mixed outlook for Fluence Energy amid evolving market conditions and policy changes.
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Written By: Investing.com
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