Fluence Misses Q3 Estimates, Slashes FY2026 Guidance on Production Delays
FLNC sits 89% above its 52-week low of $6.602.
Summary
Fluence Energy reported a disastrous fiscal Q3, posting an adjusted loss of $0.24 per share versus the $0.02 loss expected, on revenue of $600.2 million that missed the $848.2 million consensus. Production delays at new contract manufacturing facilities and upfront costs for a battery cell supply agreement crushed margins, with adjusted gross margin falling to 5.9% from 15.4% a year ago. The company slashed its full-year revenue guidance to $2.9-$3.1 billion from $3.2-$3.6 billion, well below the $3.35 billion analyst estimate, and cut adjusted EBITDA guidance to a range of a $30 million loss to a $10 million profit from a prior $40-$60 million. About $400 million in project deliveries are now pushed into fiscal 2027. Despite a record $6.4 billion backlog and strong data center orders, the near-term execution breakdown is severe. Shares plunged 16% premarket, reflecting the magnitude of the miss and guidance reset.
At the time of this announcement, FLNC was trading at $12.50 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $6.60 to $33.51. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Benzinga.