A recent report highlighted a significant investment boost in U.S. wind and solar power plants last year, fueling optimism for renewable energy stocks. Despite this, the investment levels still fell short of meeting the country's ambitious climate targets.
Excellent Q2 2024 report, but the share price is down 20% for no clear reason. CEO Julian Nebreda claims that nothing comes near battery technology for 100% 24/7 power and that this is a big deal for data centers. This is a big positive for Fluence. Fluence is building battery modules in the US, giving it first-mover advantage on US domestic content requirements.