What Happened:

Shares of electricity storage and software provider Fluence (NASDAQ:FLNC) jumped 19% in the afternoon session after the company reported second-quarter earnings results, with revenue and EPS exceeding Wall Street's estimates. However, the quarter was negatively impacted by the timing of product deliveries. As a result, sales guidance was narrowed for the full year as some of its signed contracts were pushed out to fiscal 2025. But the market seems to be looking past this, and the stock is up after the results.

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What is the market telling us:

Fluence Energy's shares are very volatile and over the last year have had 59 moves greater than 5%. But moves this big are very rare even for Fluence Energy and that is indicating to us that this news had a significant impact on the market's perception of the business.

Fluence Energy is down 31.6% since the beginning of the year, and at $16.32 per share it is trading 41.2% below its 52-week high of $27.74 from August 2023. Investors who bought $1,000 worth of Fluence Energy's shares at the IPO in October 2021 would now be looking at an investment worth $466.00.

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