Fluence Energy shares drop over 80% since IPO

Fluence Energy, Inc. is facing significant challenges following its initial public offering (IPO) in 2021. Since then, the company’s stock has dropped more than 80%. One major factor contributing to this decline is increased competition from Chinese companies, which has led to lower profit margins. Despite a growing demand for energy storage solutions and a record number of orders, the company has experienced delays in signing contracts. Analysts suggest that while the company's backlog looks promising, competitive pressures may hinder its future growth. Fluence Energy continues to work on improving its position in the market as it navigates these obstacles.