NAME	MARKET CAP	FORWARD PE RATIO
Fluence Energy, Inc. (FLNC)	$3.09B	N/A
Avista Corporation (AVA)vs ›	$3.40B	15.71
NuScale Power Corporation (SMR)vs ›	$2.69B	N/A
Northwest Natural Holding Company (NWN)vs ›	$2.09B	16.25
Black Hills Corporation (BKH)vs ›	$5.58B	16.80
UGI Corporation (UGI)vs ›	$7.73B	12.07
Clearway Energy, Inc. (CWEN-A)vs ›	$8.31B	N/A
Brookfield Renewable Partners L.P. (BEP)vs ›	$10.00B	N/A
The AES Corporation (AES)vs ›	$10.50B	6.29
Pinnacle West Capital Corporation (PNW)vs ›	$12.94B	22.73

Trailing vs Forward

Trailing P/E

N/A

reported TTM EPS

Forward P/E

N/A

consensus next-FY EPS

Forward P/E by Fiscal Year

View All Analyst Estimates

At today's $16.74 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.

Fiscal year end	Consensus EPS	Estimate range	Analysts	Implied P/E
2026-09-30	$-0.12	$-0.20 – $-0.06	5	n/m
2027-09-30	$0.23	$0.13 – $0.32	5	73.7x
2028-09-30	$0.42	$0.05 – $1.01	7	39.4x

Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.

Forward PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

About Fluence Energy, Inc.

Fluence Energy, Inc. (FLNC) is a global provider of sophisticated energy storage systems and AI-powered digital applications, specifically designed for renewable energy integration and overall storage optimization. The company's core offering encompasses integrated energy storage products, blending advanced hardware, proprietary software, and intelligent digital controls. Alongside these products, Fluence delivers comprehensive services, including expert engineering and deployment support, ongoing operational maintenance, and a flexible 'energy storage-as-a-service' model. They also develop standalone digital tools and applications. Key among its product portfolio are solutions like Gridstack, an industrial-grade system built for large-scale grid applications; Sunstack, engineered to maximize the efficiency of solar energy capture and distribution; and Edgestack, a commercial-focused solution designed to manage energy loads and smooth demand peaks for businesses. Fluence serves a diverse client base, including major utilities, renewable energy developers, and commercial and industrial enterprises. Established in 2018 and headquartered in Arlington, Virginia, Fluence operates as a joint venture formed by Siemens Aktiengesellschaft and The AES Corporation.

Arlington, VA

1,595 employees

fluenceenergy.com

Utilities / Renewable Utilities