Pedevco Corp. (PED) Q3 Earnings Match Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
0mins
Should l Buy FLNC?
Source: NASDAQ.COM
Pedevco Corp. Earnings Report: Pedevco Corp. reported quarterly earnings of $0.02 per share, matching expectations, with revenues of $9.05 million, exceeding estimates by 2.72%. The company's stock has underperformed compared to the S&P 500 this year, and its future performance will depend on management's commentary and earnings estimate revisions.
Fluence Energy Expectations: Fluence Energy is set to report its quarterly results soon, with expected earnings of $0.23 per share, reflecting a significant year-over-year increase. The company anticipates revenues of $1.36 billion, marking a substantial growth from the previous year.
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Analyst Views on FLNC
Wall Street analysts forecast FLNC stock price to fall
18 Analyst Rating
3 Buy
12 Hold
3 Sell
Hold
Current: 17.440
Low
8.00
Averages
16.25
High
26.00
Current: 17.440
Low
8.00
Averages
16.25
High
26.00
About FLNC
Fluence Energy, Inc. is a global provider of energy storage products and services, and optimization software for renewables and storage. With a presence in 47 markets globally, the Company provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and artificial intelligence (AI)-enabled optimization software for managing and optimizing renewables and storage from any provider. Its offerings include energy storage products and solutions, delivery services, recurring O&M services, and digital applications and solutions for energy storage and other power assets. Its energy storage solutions include Gridstack Pro, Gridstack, Sunstack, Edgestack, and Ultrastack. In addition, each of its energy storage solutions comes with its proprietary energy management system, Fluence OS. The Company’s cloud-based software products include Fluence Mosaic and Fluence Nispera.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Data Center Project Development: Fluence is currently developing 36 GWh of data center projects, and while these potential sales are not yet included in the official order backlog, they highlight the company's significant position in the rapidly growing AI data center market.
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See More
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- Data Center Project Development: Fluence is currently developing 36 GWh of data center projects, and while these potential sales are not yet included in the official order backlog, the expected increase in order volume reflects the company's strategic positioning in a rapidly growing market.
- Efficient Networking Solutions: Credo Technology's high-speed copper cables can transmit data at 0.8 Tbps while consuming significantly less power than fiber-optic networks, addressing the urgent need for high performance and lower costs in data centers, further solidifying its market position.
- Revenue Growth Potential: Credo's preliminary report for Q3 2026 shows revenues nearing $406 million, tripling from $135 million in the same period last year, highlighting its importance in data center infrastructure investments and future growth potential.
See More
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- Market Reaction: Following a more than 30% selloff due to softer-than-expected data center pipeline data, the analyst views this reaction as disproportionate, noting that FQ1 results, while not exceptional, included positive developments like full revenue coverage in the backlog for the first time.
- Demand Surge: With macro headwinds easing and surging demand from grid reliability and data centers, Fluence's U.S.-first strategy positions it as one of the few players capable of delivering compliant solutions at scale, suggesting a partial recovery in share price over the next 6-9 months.
- Growth Catalyst: Data centers represent a powerful growth catalyst for Fluence's Smartstack systems, although the full potential of this opportunity may take time to materialize, the analyst believes it will lead to significant long-term benefits for the company.
See More
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- Thomson Reuters Upgrade: RBC upgraded Thomson Reuters from sector perform to outperform, indicating that the company's potential in the AI space will drive a rebound in stock price, creating an asymmetric upside opportunity in a complex market.
- Micron Price Target Increase: Deutsche Bank raised Micron's price target from $300 to $500 per share, asserting that the current market environment remains favorable for Micron's performance in the upcoming quarters, indicating strong growth potential.
See More
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- Earnings Season Impact: Despite 150 S&P 500 companies set to report earnings this week, market focus on economic data intensifies, with S&P 500 earnings expected to grow by 8.4% in Q4, yet overall market sentiment remains suppressed by recent economic weakness.
See More
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- Record Backlog: Fluence Energy reported a record backlog of $5.5 billion, attributed to enhanced U.S. contracting activity and improved demand forecasts, indicating strong support for the company's future revenue outlook.
- Strong Order Growth: The company secured over $750 million in new orders globally, with more than $500 million from the U.S., demonstrating accelerated market activity since last year's legislative passage, further solidifying its market position.
- Solid Financial Performance: Q1 2026 revenue reached $475 million, representing 14% of full-year guidance and nearly double the revenue earned in Q1 2025, indicating strong progress towards achieving annual targets.
- Optimistic Outlook: The company reaffirmed its fiscal 2026 revenue guidance of $3.2 billion to $3.6 billion, with annual recurring revenue expected to reach approximately $180 million by year-end, reflecting confidence in future growth and effective supply chain risk management.
See More
