Fluence Energy is trading at $17.77, up 6.2% in pre-market, as the company benefits from a record $5.6 billion backlog and expanding AI data center energy storage deals.
- The stock is extending a sharp rally from the prior session, driven by the launch of its new Smartstack product and strengthened market sentiment.
- Growth is being fueled by increasing demand for energy storage solutions specifically tailored for AI data center infrastructure.
- The current move reflects a significant expansion in the company's project pipeline, which now stands at a record valuation of $5.6 billion.