Fluence Energy's slump contrasts with American Express's earnings optimism in 2026

Fluence Energy and American Express have both made headlines with their latest financial updates. While the energy storage company faces share price declines, it continues to secure major deals. Meanwhile, the credit card giant has raised its earnings outlook and increased dividends, despite a broader sector downturn in 2026.

Fluence Energy's shares have fallen 51% since their February high. Yet the company reports a record backlog of $5.5 billion, enough to cover its full-year revenue guidance for 2026. Management also expects to recover $20 million in costs tied to project scope changes, easing concerns after a weaker quarter. Additionally, the firm is in talks with leading data centre operators for 36 GWh of new projects, none of which are included in its current pipeline.

American Express, on the other hand, has outperformed expectations in 2026. The company now forecasts revenue growth of 9% to 10% for the fiscal year, with earnings per share projected between $17.30 and $17.90—a 12.5% to 16.4% jump from 2025. In March, it raised its quarterly dividend by 16%, bringing the payout to $0.95 per share and a forward yield of 1.3%. Despite these gains, its stock has still declined more than the broader financial sector this year. Analysts highlight the company's resilient business model, built on a high-quality loan portfolio and strong risk management. The latest earnings guidance, revised to $17.58 per share, reflects confidence in sustained growth, even as market conditions remain challenging.

Fluence Energy's share drop contrasts with its growing project pipeline and cost recovery efforts. American Express, despite sector-wide struggles, has boosted dividends and lifted its earnings forecast. Both companies are navigating distinct financial landscapes, with concrete steps shaping their near-term outlooks.