shares of fluence energy inc rose after the energystorage company more than doubled its quarterly revenue and said it believes the worst of the headwinds holding the company back appear to be in the rearview mirror shares of fluence rose more than 27 to 2185 in morning trading tuesday the stock is still down almost 39 this year but has surged since bottoming at just under 5 a share in may the company on monday evening reported a loss of 32 cents a share for the fiscal fourth quarter compared with a loss of 74 cents a share in the same period a year earlier analysts surveyed by factset were expecting a loss of 27 cents a share revenue surged to 442 from 1882 million a year earlier topping wall street estimates for revenue of 3598 million according to factset for much of the past year supplychain challenges constrained the companys revenue growth as we turn the page to 2023 we are confident the impact of the headwinds experienced during 2022 is largely behind us as a result of the improvements made to our supply strategy and overall project execution chief financial officer manavendra sial said the company said it expects fiscal 2023 revenue of between 14 billion and 17 billion up from 12 billion in fiscal 2022 the company expects to benefit from the inflation reduction act in the us and from surging energy costs in europe chief executive julian nebreda said on tuesday the company also said it plans to start building its own battery packs in early 2024 in the us write to will feuer at willfeuerwsjcom