11 Most Promising Penny Stocks According to Analysts

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7. Fluence Energy Inc. (NASDAQ:FLNC)

Share Price as of April 15: $4.06

Number of Hedge Fund Holders: 36

Average Upside Potential as of April 15: 97.04%

Fluence Energy Inc. (NASDAQ:FLNC) provides energy storage and optimization software for renewables and storage applications. It sells energy storage products with integrated hardware, software, and digital intelligence. It serves independent power producers, developers, conglomerates, utilities/load-serving entities, and commercial & industrial customers.

Fluence’s focus on domestic content insulates it from macro developments, as less than 15% of its $5.1 billion backlog is impacted by the recently announced 10% tariff on imports from China.  The company’s domestic content battery storage solutions led it to have a record backlog of $5.1 billion at the end of 2024. This backlog represents a substantial 18.5 gigawatt hours of energy storage projects and was up 38% year-over-year. 

Fluence’s efforts to establish US-based manufacturing through the AESC Tennessee facility, with production lines ramping up in 2025 and 2026, will strengthen its domestic supply chain. Line 1 is currently ramping up production, and Line 2 is anticipated to come online in the summer of 2026 In 2024, Fluence doubled the number of its US customers. The company’s flexible approach to sourcing components allows it to effectively utilize its US cell supply, which ensures that it can fulfill all expected domestic content requirements for projects in 2025 and 2026.

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