12 Most Promising EV Battery Stocks to Buy Now

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

Fluence Energy, Inc. (NASDAQ:FLNC) is one of the most promising stocks.

TheFly reported earlier on February 9 that Jefferies upgraded FLNC from Hold to Buy, setting a revised price target of $24, down from $25. The firm listed improved U.S. market circumstances, growth supported by a strong project backlog for fiscal 2026, and potential advantages from long-term opportunities in data center energy storage as the main causes of the rise.

Fluence Energy, Inc. (NASDAQ:FLNC) already released its fiscal 2026 first-quarter results, which covered the period ending December 31, 2025, on February 4. The business made about $475.2 million in revenue, which was 154.4% more than it made in the same quarter the previous year. The adjusted gross margin, which took into account project-related expenses and the seasonal distribution of fixed overhead, was 5.6%, compared to GAAP’s 4.9% gross margin.

A net loss of about $62.6 million and an adjusted EBITDA of about $52.1 million were reported for the quarter. During the quarter, Fluence secured almost $750 million in new orders, increasing its backlog to over $5.5 billion, the highest it has ever had. Overall liquidity, including the revolving credit facility, was approximately $1.1 billion, while total cash was close to $477.8 million.

The business highlighted the continuous rise in global demand, which is driven by the development of data centers, the need for utilities, and an increase in industrial load. Aiming for $3.2 billion to $3.6 billion in revenue, $40 million to $60 million in adjusted EBITDA, and roughly $180 million in yearly recurring revenue, Fluence restated its fiscal 2026 target.

Fluence Energy, Inc. (NASDAQ:FLNC)  develops battery-based energy storage systems that leverage advanced lithium-ion technology, supporting EV battery supply chains and grid integration, while enabling renewable energy storage and efficient power management.