Fluence Energy (FLNC) Jumps 21% Alongside Peers as JPMorgan Bares Trillion-Dollar Investment

We recently published 10 Stocks Stealing Wall Street’s Spotlight. Fluence Energy Inc. (NASDAQ:FLNC) is one of the best performers on Monday.

Fluence Energy rebounded by 21.39 percent on Monday to close at $15.89 apiece as investors gobbled up shares in sectors tied to JPMorgan’s $1.5 trillion investment program over the next 10 years.

Fluence Energy Inc. (NASDAQ:FLNC) mirrored an overall market optimism after JPMorgan said that $10 billion of the total amount would cover companies across 27 industries, including battery storage, grid resilience, and distributed energy.

“Our security is predicated on the strength and resiliency of America’s economy. America needs more speed and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock, and an education system not aligned to the skills we need,” said JPMorgan Chairman and CEO Jamie Dimon.

The announcement sparked buying across the targeted sectors, dominated by those riding the artificial intelligence wave, including energy.

In other news, Fluence Energy Inc. (NASDAQ:FLNC) said it expects a large share of its backlog next year to come from US orders, as power demand from data centers continues to surge.

Specifically, CEO Julian Nebreda said that the US business alone will contribute half of its global demand.

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.