10 Best American Penny Stocks to Buy Now

5. Fluence Energy, Inc. (NASDAQ:FLNC)

Stock price as of May 6th: $4.19

Number of Hedge Fund Holders: 36

Fluence Energy, Inc. (NASDAQ:FLNC) provides energy storage solutions and optimization software for utility companies, independent energy producers, and grid operators in more than 50 countries. The company’s core offerings are modular, scalable battery energy storage systems and digital platforms for intelligent bidding and asset performance management.

Fluence Energy, Inc. (NASDAQ:FLNC) reported Q1 2025 revenue of $187 million, down 49% YoY, with a gross profit margin of 12.5%. The company lowered its fiscal 2025 revenue guidance to $3.1-$3.7 billion, primarily due to delays in signing three large contracts in Australia. Despite the guidance reduction, the new midpoint still represents a solid 26% YoY growth. FLNC is one of the best American stocks on our list as it ended Q1 with a record backlog of $5.1 billion, up 38% YoY, providing strong visibility for future revenue growth.

To mitigate any competitive pressures from Chinese players, Fluence Energy, Inc. (NASDAQ:FLNC) is accelerating product development and plans to launch a new platform with industry-leading energy density and performance. The company’s US domestic content strategy positions it well to navigate potential trade restrictions and tariffs. Management remains confident in the company’s ability to compete globally through technology innovation and integration of software and controls.