We recently published 10 stocks stealing Wall Street’s attention. Fluence Energy Inc. (NASDAQ:FLNC) is one of Monday’s best performers.
Fluence Energy rallied 21.39 percent on Monday to close at $15.89 apiece, as investors gobbled up stocks in sectors tied to JPMorgan’s $1.5 trillion investment program over the next 10 years.
Fluence Energy Inc. (NASDAQ:FLNC) reflected overall market optimism after JPMorgan said $10 billion of the total amount would cover companies across 27 industries, including battery storage, grid resilience and distributed energy.
“Our security relies on the strength and resilience of the American economy. America needs more speed and investment. It also needs to remove the obstacles that stand in the way: excessive regulations, bureaucratic delays, partisan gridlock, and an education system that is not aligned with the skills we need,” said JPMorgan Chairman and CEO Jamie Dimon.
The announcement sparked buying in targeted sectors dominated by those riding the artificial intelligence wave, including energy.
Photo by RawFilm on Unsplash
In other news, Fluence Energy Inc. (NASDAQ:FLNC) said it expects a large portion of its order book next year to come from U.S. orders, as demand for data center power continues to rise.
Specifically, the general director, Julián Nebreda, stated that the US business alone will provide half of its global demand.
While we recognize the potential of FLNC as an investment, our conviction lies in the belief that some AI stocks have more promise to generate higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.