Fluence Energy's Strategic Scaling Drives Record Profit and $21B Pipeline

Brookfield Infrastructure Partners (BIP) and Brookfield Infrastructure Corporation (BIPC) have renewed their normal course issuer bids, repurchasing 1,043,911 limited partner units under the current program as of November 19, 2025, at a weighted average price of C$39.20. The companies plan to implement automatic share purchase plans in early December 2025 to facilitate repurchases during periods of internal trading restrictions, such as blackout periods or insider trading rules. Units and exchangeable shares acquired will be cancelled, aligning with both U.S. and Canadian securities regulations.

Meanwhile, the Schwab U.S. Dividend Equity ETF (SCHD) saw mixed performance in late November 2025, fluctuating between $26.72 and $27.35. On November 14, the ETF closed at $27.22, with a volume of 19.81 million shares traded. The fund, which focuses on high-dividend equities, has maintained a market capitalization of approximately $70.44 billion, reflecting steady investor interest in income-generating assets.

VSEE Health, Inc. received a Nasdaq listing exception to meet equity compliance requirements, with a deadline of December 1, 2025. The company demonstrated compliance through warrant exercises and note conversions, resulting in a pro forma equity balance of $13.2 million. Continued listing remains contingent on public disclosure of these actions, underscoring the importance of regulatory adherence in maintaining market access.

Fluence Energy Inc. reported record financial performance for Q4 2024, including a first-ever full-year profit and $72 million in free cash flow. The company's backlog surged to $4.5 billion, with a 24-month project pipeline expanding to $21 billion. Initiatives such as U.S.-based battery production and tariff mitigation strategies highlight its focus on scaling operations while navigating supply chain challenges.

Market forecasts indicate robust growth in niche sectors. The merging unit market, critical for grid modernization, is projected to reach $477.7 million by 2030, driven by renewable energy integration and regulatory mandates. North America leads in adoption due to digital substation upgrades and federal incentives. Similarly, the polyurethane dispersions market, valued at $4.34 billion by 2030, benefits from eco-friendly adhesives and coatings demand, particularly in South America's expanding industrial sectors.

In unrelated but notable developments, the pet preservation services market is expected to grow to $115.3 million by 2033, fueled by rising veterinary costs and financial products like insurance riders. Eco-friendly burial options and logistics for deceased pet transportation further underscore the sector's diversification into premium and green services.