Fluence Energy (FLNC) Deep Dive
$3B Market Cap with a $5B Backlog
There’s a lot of hype in the market right now. We’re seeing companies with exposure to the AI sector trade at 50x or even 100x revenue multiples. Fluence Energy is a $3B market cap company with revenue of $2.45B and a backlog of $5B.
It’s underfollowed and misunderstood because the company is going through a business transition. This could be a recipe for a great future compounder.
Company Background & Business Model
