Why These Energy Stocks are Gaining This Week

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

Share Price Gains Between Nov 21 – Nov 28: 27.47%

Topping our list of Energy Stocks that Gained This Week is Fluence Energy, Inc. (NASDAQ:FLNC), a global market leader delivering intelligent energy storage and optimization software for renewables and storage.

Fluence Energy, Inc. (NASDAQ:FLNC) shot up despite reporting lower-than-expected earnings and revenue for its fourth quarter on November 24, as the company forecasted its revenue for FY 2026 to grow by 50%, with 85% of that outlook already secured in its backlog at the year’s start. Fluence reported a record $1.4 billion of orders in Q4, bringing its total backlog to $5.3 billion as of September 30, up from $4.5 billion a year earlier. Moreover, the company reported liquidity of $1.3 billion as of the end of its FY 2025, compared to $1 billion a year ago.

Julian Nebreda, President and CEO at Fluence Energy, Inc. (NASDAQ:FLNC), stated in the company’s earnings call:

“Our record $1.4 billion of order intake during the fourth quarter included contributions across all our core markets. Approximately half were for projects located in Australia. For fiscal ’26, we currently expect the U.S. market will be the largest contributor of order intake as reflected by our pipeline as of year-end. Looking ahead, demand for energy storage solution is accelerating worldwide, driven by both the rapid decline in capital cost of storage and surging demand for electricity for intermittent renewables, data centers and industrial complexes. We have seen a significant increase in larger deals in our pipeline that as of September 30, includes 38 deals of at least 1 gigawatt hour, more than double the number from last year and nearly 5x what we saw 2 years ago.”

Fluence Energy, Inc. (NASDAQ:FLNC) received considerable analyst attention following the report, with Jefferies analyst Julien Dumoulin-Smith upgrading the stock from ‘Underperform’ to ‘Hold’, while also raising its price target from $11 to $16. Similarly, analysts from RBC Capital, Susquehanna, Barclays, Canaccord, Goldman Sachs, and Morgan Stanley also raised their respective price targets on FLNC, significantly contributing to the bullish sentiment surrounding the stock.

While we acknowledge the potential of FLNC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FLNC and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Renewable Energy Dividend Stocks to Buy Now and 14 Best Utility Dividend Stocks to Buy Now.

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