Write-ups and models on asymmetric stocks and macro themes. Built on 10+ years studying top investors/funds, and 500,000+ words of published guides.
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Energy
+3
Sep 21, 2026
Fluence Energy is a top-three global battery storage integrator with a record $6.4B backlog, trading at 0.48x the ~$2.9B booked for FY2027. Its fourth guidance cut in 19 months took FY2026 revenue to ~$2.4B and adjusted EBITDA to a ~$200M loss.
Energy
+2
Aug 27, 2026
Fuel Tech trades at 1.6x sales with no debt and $29.6M of cash, ~70% of its market value. Strip the cash out and the operating business is worth ~$13.8M, with the data center pipeline as a free option.
Energy
+2
Jul 19, 2026
Fluence cut guidance twice in one year and still missed. The stock now trades under 1x FY2026 revenue with a record $5.6B backlog, two hyperscaler MSAs, and a spot in NVIDIA's AI factory reference design.
Write-ups and models on asymmetric stocks and macro themes. Built on 10+ years studying top investors/funds, and 500,000+ words of published guides.