Fluence Energy (FLNC) Jumps 9.5% on Energy Demand Growth

We recently published 10 Stocks Crushing Wall Street, AI Stocks Dominate. Fluence Energy, Inc. (NASDAQ:FLNC) is one of the top performers on Tuesday.

Shares of Fluence Energy jumped by 9.5 percent on Wednesday to finish at $11.18 apiece, mimicking the overall rally in energy stocks, as investors loaded positions in industries that are expected to benefit from the booming artificial intelligence sector.

Additionally, sentiment was further supported by its bagging of a new battery storage supply deal to support a 133-MW battery energy storage system in Poland.

In a statement, Fluence Energy, Inc. (NASDAQ:FLNC) said its subsidiary was awarded by DRI, the European renewables arm of Ukraine’s DTEK Group, to supply battery storage units for the Trzebinia project in southern Poland.

The 622 MWh Trzebinia project is set to be the largest battery storage facility taking part in the Polish Capacity Market when batteries are integrated into the system from 2027. It will deploy Fluence Energy, Inc.’s (NASDAQ:FLNC) Smartstack platform—a modular, high-density system designed to enable fast deployment and optimized performance over an asset’s lifetime.

The announcement followed DTEK’s energization of a 200MW project across six sites in Ukraine using Fluence Energy, Inc.’s (NASDAQ:FLNC) storage systems.

The project is designed to make Ukraine’s energy system more resilient in time for winter.

While we acknowledge the potential of FLNC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.