Analysis Flags Fluence (FLNC), Blink (BLNK), Guardant Health (GH) as Unprofitable Risks

An investor research note published June 1, 2026, identified Fluence Energy, Blink Charging, and Guardant Health as unprofitable companies struggling to convert spending into sustainable growth, advising caution. Fluence Energy (NASDAQ:FLNC), a grid-scale battery storage firm, reported a trailing 12-month GAAP operating margin of -1.9% and trades at 34.7 times forward enterprise value to EBITDA. Blink Charging (NASDAQ:BLNK), an EV charging equipment provider, posted a -74.3% margin and a 0.9 times forward price-to-sales ratio. Guardant Health (NASDAQ:GH), a liquid biopsy cancer diagnostics company, showed a -41.4% margin and a 12.6 times forward price-to-sales multiple. The analysis noted that heavy investment has yet to translate into consistent profitability, leaving each company on unstable footing. The report suggested investors should consider alternatives with stronger growth trajectories.