MF3d/E+ via Getty Images Fluence (NASDAQ:FLNC) provides energy storage products, services, and digital applications for batteries and renewables. Siemens (OTCPK:SIEGY) and AES (AES) launched Fluence as a joint venture to combine forces in the energy storage sector. The backing by these two giants improves Fluence’s credibility, but they are also important customers. They both still hold 68.4% of the economic interest and 91.5% of the voting power. The share structuring is complex. This shareholder structure is both a risk and an asset for Fluence. I’ve mentioned Fluence before in my Energy Storage Stocks Overview. Data by YCharts The share price had a rough time since the IPO. The IPO happened at the top of the market, and growth stocks have dropped since then. The bad quarterly results from Fluence didn’t help either and pushed it down further. The recent Russia-Ukraine war could…
Fluence: Profits From Future Energy Storage Demand Increase (NASDAQ:FLNC)
