Fluence Energy (FLNC) Soars 21.8% as Funds Flock to AI

We recently published 10 Stocks Beating Wall Street’s Bets. Fluence Energy Inc. (NASDAQ:FLNC) is one of the best performers on Friday.

Fluence Energy jumped by 21.77 percent on Friday to close at $19.52 apiece as investors hunted for stocks that are expected to benefit from the booming AI.

Fluence Energy Inc. (NASDAQ:FLNC) rallied alongside its counterparts, boosted by Oracle Corp.’s new $38 billion data center expansion deal that strengthened optimism for a sustainable demand for data center infrastructure to power the next-generation AI.

Fluence Energy (FLNC) Soars 21.8% as Funds Flock to AI

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Earlier this month, the company clinched a partnership with Torch Clean Energy for the development of a 160-MW solar project with a battery energy storage system in Arizona.

Fluence Energy Inc. (NASDAQ:FLNC) said it committed to supply the project with its advanced Gridstack Pro 5000 energy storage solution, with delivery targeted in early 2027.

The project features two 80 MW solar arrays, which are expected to support the energy needs and economic development in Cochise County, Arizona.

“This facility is a great step toward ensuring affordable, reliable, and secure power for the local community and will support regional economic activity and expected load growth for many years to come,” said John Zahurancik, president of Fluence Americas, a unit of Fluence Energy Inc. (NASDAQ:FLNC).

For its part, Torch Clean Energy said it was excited to partner with Fluence Energy Inc. (NASDAQ:FLNC) to manufacture the energy storage system for its project.

“The Gridstack Pro 5000 will allow us to shift cost-effective solar generation to be dispatched when the grid needs it most,” said Torch Clean Energy President Travis Haggard.

While we acknowledge the risk and potential of FLNC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLNC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.