11 High Growth Utility Stocks To Invest In Now

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

Number of Hedge Fund Holders: 36

Average 5-Year Revenue Growth: 63.39%

Fluence Energy, Inc. (NASDAQ:FLNC) is a Virginia-based provider of energy storage systems and optimization software worldwide. The company offers storage products tailored for everything from large-scale grid use to smaller commercial applications. In addition to hardware and software, Fluence also delivers engineering, installation, and ongoing maintenance services, partnering with utilities and industrial customers across the globe. FLNC ranks 5th on our list of the best high growth stocks to buy.

On April 16, Canaccord Genuity reiterated a Buy rating on Fluence Energy, Inc. (NASDAQ:FLNC) but trimmed the price target from $14 to $10. Fluence faces challenges like project delays, competition from China, and tariff issues, causing a 77% drop in stock price. Despite this, Canaccord remains optimistic about the company’s long-term prospects, expecting strong free cash flow and 22% revenue growth for FY2025. The firm has adjusted the price target based on 2027 earnings projections and highlighted Fluence’s strategic US cell manufacturing plans to avoid tariffs.

For fiscal year 2025, Fluence Energy has slashed its revenue guidance to $3.1 billion to $3.7 billion from the previous range of $3.6 billion to $4.4 billion, driven by delays in contract signings in Australia. The company has also cut its adjusted EBITDA forecast to $70 million to $100 million, reflecting lower expected revenue and margins. Despite these changes, Fluence Energy, Inc. (NASDAQ:FLNC) is maintaining its annual recurring revenue guidance of around $145 million. The company is utilizing the recent $400 million convertible note offering to strengthen its financial position and support its strategy for domestic content growth.

According to Insider Monkey’s fourth quarter database, 36 hedge funds were bullish on Fluence Energy, Inc. (NASDAQ:FLNC), compared to 27 funds in the prior quarter. Stuart J. Zimmer’s Zimmer Partners was the biggest stakeholder of the company, with 2.14 million shares valued at $34 million.