Jun. 1 at 10:38 PM
$FLNC Easy 2X-3X👇next
$BE
The backlog is probably the strongest part of the Fluence Energy story right now.
Key points:
* Backlog reached a record
$5.6B in 2026, up from about
$4.5B in 2024.
* Backlog = signed contracts that have not yet been recognized as revenue. It provides visibility into future sales.
* Fluence says its 2026 revenue guidance is essentially covered by existing backlog, reducing near-term demand risk.
* Orders in 2026 have doubled versus the same period in 2025, with about 50% from new customers.
* The company also has a massive 147 GWh pipeline of potential future projects beyond the backlog.