FLNC vs. BE
FLNC (Fluence Energy, Inc.) and BE (Bloom Energy Corporation) are both stocks. FLNC operates in Utilities - Renewable (Utilities), while BE operates in Electrical Equipment & Parts (Industrials). Over the past 3 years, FLNC returned -14.25%/yr vs 140.11%/yr for BE. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
FLNC vs. BE - Performance Comparison
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Returns By Period
In the year-to-date period, FLNC achieves a -18.30% return, which is significantly lower than BE's 181.52% return.
FLNC
- 1D
- -3.46%
- 1M
- -31.84%
- 6M
- -30.34%
- YTD
- -18.30%
- 1Y
- 97.80%
- 3Y*
- -14.25%
- 5Y*
- —
- 10Y*
- —
BE
- 1D
- -4.83%
- 1M
- -6.00%
- 6M
- 82.45%
- YTD
- 181.52%
- 1Y
- 863.03%
- 3Y*
- 140.11%
- 5Y*
- 60.30%
- 10Y*
- —
FLNC vs. BE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLNC Fluence Energy, Inc. | -18.30% | 24.56% | -33.42% | 39.07% | -51.77% | 6.15% |
BE Bloom Energy Corporation | 181.52% | 291.22% | 50.07% | -22.59% | -12.81% | -20.57% |
Correlation
The correlation between FLNC and BE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.53 |
The correlation between FLNC and BE has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Fundamentals
FLNC:
$2.98B
BE:
$69.58B
FLNC:
-$0.28
BE:
$0.02
FLNC:
0.93
BE:
27.24
FLNC:
5.80
BE:
84.87
FLNC:
$2.58B
BE:
$2.45B
FLNC:
$301.68M
BE:
$761.91M
FLNC:
$4.46M
BE:
$88.83M
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Return for Risk
FLNC vs. BE — Risk / Return Rank
FLNC
BE
FLNC vs. BE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fluence Energy, Inc. (FLNC) and Bloom Energy Corporation (BE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLNC | BE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.55 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 18.61 | -17.20 |
| Martin ratioReturn relative to average drawdown | 2.68 | 55.78 | -53.10 |
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Drawdowns
FLNC vs. BE - Drawdown Comparison
The maximum FLNC drawdown since its inception was -90.40%, roughly equal to the maximum BE drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for FLNC and BE.
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Drawdown Indicators
| FLNC | BE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.40% | -92.54% | +2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -63.30% | -45.94% | -17.36% |
Max Drawdown (3Y)Largest decline over 3 years | -88.40% | -53.42% | -34.98% |
Max Drawdown (5Y)Largest decline over 5 years | — | -75.87% | — |
Current DrawdownCurrent decline from peak | -57.03% | -29.27% | -27.76% |
Average DrawdownAverage peak-to-trough decline | -53.60% | -51.57% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.13% | 15.29% | +17.84% |
Volatility
FLNC vs. BE - Volatility Comparison
The current volatility for Fluence Energy, Inc. (FLNC) is 30.82%, while Bloom Energy Corporation (BE) has a volatility of 37.97%. This indicates that FLNC experiences smaller price fluctuations and is considered to be less risky than BE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLNC | BE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.82% | 37.97% | -7.15% |
Volatility (6M)Calculated over the trailing 6-month period | 94.17% | 78.42% | +15.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 128.73% | 110.37% | +18.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 98.58% | 87.10% | +11.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.58% | 96.02% | +2.56% |
Dividends
FLNC vs. BE - Dividend Comparison
Neither FLNC nor BE has paid dividends to shareholders.
Financials
FLNC vs. BE - Financials Comparison
This section allows you to compare key financial metrics between Fluence Energy, Inc. and Bloom Energy Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
FLNC vs. BE - Profitability Comparison
FLNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Fluence Energy, Inc. reported a gross profit of 46.63M and revenue of 464.89M. Therefore, the gross margin over that period was 10.0%.
BE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Bloom Energy Corporation reported a gross profit of 225.54M and revenue of 751.05M. Therefore, the gross margin over that period was 30.0%.
FLNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Fluence Energy, Inc. reported an operating income of -34.94M and revenue of 464.89M, resulting in an operating margin of -7.5%.
BE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Bloom Energy Corporation reported an operating income of 72.19M and revenue of 751.05M, resulting in an operating margin of 9.6%.
FLNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Fluence Energy, Inc. reported a net income of -20.93M and revenue of 464.89M, resulting in a net margin of -4.5%.
BE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Bloom Energy Corporation reported a net income of 70.65M and revenue of 751.05M, resulting in a net margin of 9.4%.
Frequently Asked Questions
FLNC and BE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BE has higher volatility (37.97%) compared to FLNC (30.82%). In terms of maximum drawdown, FLNC dropped -90.40% vs BE's -92.54%.
BE currently has the higher Sharpe Ratio (7.78 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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