Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust

4. Fluence Energy Inc. (NASDAQ:FLNC)

Fluence Energy soared by 16.11 percent on Tuesday to close at $18.45 apiece, as investor optimism continued to be fueled by JPMorgan’s $1.5-trillion investment program in critical industries—including energy and battery storage—to support economic security and resiliency.

Fluence Energy Inc. (NASDAQ:FLNC) mirrored an overall market optimism after JPMorgan said that $10 billion of the total amount would cover companies across 27 industries, including battery storage, grid resilience, and distributed energy.

“Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock, and an education system not aligned to the skills we need,” said JPMorgan Chairman and CEO Jamie Dimon.

The announcement sparked buying across the targeted sectors, dominated by those riding the artificial intelligence wave, including energy.

In other news, Fluence Energy Inc. (NASDAQ:FLNC) said it expects a large share of its backlog next year to come from US orders, as power demand from data centers continues to surge.

Specifically, CEO Julian Nebreda said that the US business alone will contribute half of its global demand.