The Next SanDisk: 5 Potential Breakout AI Stocks You Shouldn’t Miss

4. Fluence Energy (NASDAQ:FLNC)

Number of Hedge Fund Investors: 31

Fluence Energy (NASDAQ:FLNC) is a battery energy storage systems company that sells large-scale grid-stabilizing battery solutions, software platforms, and maintenance services to utilities, renewable energy developers, and increasingly to massive data center operators building out AI infrastructure. Its primary customers are utility companies managing renewable energy variability, independent power producers developing battery storage projects, and hyperscaler tech companies like the ones powering the AI revolution. Retail investors believe the stock can become the next breakout winner like SanDisk because power supply has emerged as the critical, unglamorous bottleneck in the AI revolution—it’s the one thing hyperscalers can’t easily solve with more software or algorithms.

The stock is only up about 4% so far this year despite the tailwinds, which suggests it’s been largely overlooked while everyone obsesses over GPU makers and semiconductor companies. The real opportunity, according to bulls, is that power supply has become a major bottleneck for AI. Data centers need massive, reliable megawatts of power at times when the existing grid simply cannot deliver it, and Fluence Energy (NASDAQ:FLNC) has positioned itself as the company that solves this problem through packaged solutions combining batteries, control systems, software platforms, and service agreements.

Fluence Energy (NASDAQ:FLNC) has locked in major agreements with hyperscalers and its backlog is at about, $5.6 billion, which covers the entire fiscal 2026 revenue guidance.  Fluence is also creating a recurring revenue stream through software subscriptions, service agreements, and warranties.