27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Fluence Energy Inc (NASDAQ:FLNC) shares are trading higher after the company reported fourth-quarter FY23 earnings and provided FY24 guidance.
FLNC reported fourth-quarter FY23 sales growth of 52.3% year-on-year to $672.98 million, beating the analyst consensus estimate of $515.667 million.
Gross profit for the quarter was $76.3 million versus $10.7 million, with a margin of 11.3%.
General and administrative expenses increased 6.6% to $35.1 million. Adjusted EBITDA for the quarter was $19.8 million.
The company held $462.7 million in cash and equivalents as of September 30, 2023.
EPS of $0.02 beat the consensus estimate of $(0.06).
Outlook: Fluence sees FY24 revenue of $2.7 billion-$3.3 billion (consensus $2.79 billion).
The company sees FY24 adjusted EBITDA of about $50 million-$80 million.
FLNC expects about 30% of annual revenue in H1 FY24 and 70% in H2 FY24, mostly due to the expected timing of certain contracts.
Price Action: FLNC shares are trading higher by 23.8% at $25.09 on the last check Wednesday.
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27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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