Fluence (FLNC) Climbs 16% as JPMorgan Bares Investment Plan in Energy, Battery Storage

We recently published Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust. Fluence Energy Inc. (NASDAQ:FLNC) is one of the best performers on Tuesday.

Fluence Energy soared by 16.11 percent on Tuesday to close at $18.45 apiece, as investor optimism continued to be fueled by JPMorgan’s $1.5-trillion investment program in critical industries—including energy and battery storage—to support economic security and resiliency.

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.