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Why Fluence Energy Stock Is Flying Higher Today

TheMotleyFool

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Why Fluence Energy Stock Is Flying Higher Today: https://g.foolcdn.com/editorial/images/720145/a-chart-showing-a-steadily-rising-bar-chart-with-a-rocket-ship.jpg

Shares of Fluence Energy (NASDAQ: FLNC) had jumped more than 11% by 1:15 p.m. ET on Thursday. Powering the surge in the energy storage company's stock price was its fiscal first-quarter results and updated outlook.

Fluence's revenue surged 78% year over year to $310.5 million. That helped narrow the company's net loss from $111.5 million to $37.2 million.

While it posted a loss of $0.21 per share, that was an improvement from a $0.53 loss in the year-ago period and beat analysts' consensus estimate by $0.08 per share.

Source Fool.com

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