Fluence Energy (FLNC) shares tumbled as much as 24% in after-hours trading on Wednesday after the energy storage company reported mixed third-quarter results and sharply lowered its fiscal 2026 outlook. The decline followed the company's announcement that production delays at new factories pushed $400 million in project deliveries into fiscal 2027. The delays stemmed from a three-month setback in ramping up the new Houston enclosure facility and quality issues at an international contract manufacturing plant that required rework. Despite the near-term challenges, CEO Julian Nebreda said customer demand remains strong and the company is on track to hit targeted production levels early next year. The stock closed regular trading down 9% before extending losses after hours.
Fluence Energy Reports Q3 Revenue Miss and Margin Decline
For the quarter ended June 30, Fluence Energy's revenue rose to $649.8 million from $602.5 million a year earlier, driven by higher energy storage volumes. However, the figure fell short of expectations of $811.12 million because of a three-month delay in ramping up the new Houston enclosure facility, now in initial production, and quality issues at an international contract manufacturing plant that required rework. Gross profit margin dropped to 5.1% from 14.8%, and the company posted a net loss of $44.3 million, compared with a $6.9 million profit a year ago. Loss per share came in at $0.24, against Wall Street's hopes for earnings of $0.01 per share.
Fluence Energy Cuts Fiscal 2026 Revenue and Earnings Guidance
Fluence cut its fiscal 2026 revenue guidance to $2.9-$3.1 billion from the previous $3.2-$3.6 billion range. Adjusted core earnings guidance was lowered to a loss of $30 million to a profit of $10 million, down from a prior $40-$60 million profit range. Roughly $44 million of the $60 million midpoint reduction stems from the revenue shift into fiscal 2027, with the rest tied to battery-cell costs. The delayed projects remain in the order book and are expected to ship in fiscal 2027, Fluence said.
Fluence Energy Reports Record Backlog and Strong Liquidity Position
CEO Julian Nebreda said customer demand remains strong and the company is on track to hit targeted production levels early next year. Order intake surged to more than $1.44 billion—nearly triple the year-ago level—pushing the backlog to a record $6.4 billion. Fluence also secured about $850 million in data-center deals through July, the company said. CFO Ahmed Pasha noted the firm ended the quarter with $863 million in total liquidity, including $365 million in cash.
Retail Traders Show Extremely Bullish Sentiment on Stocktwits
On Stocktwits, retail sentiment around FLNC stock jumped from 'bullish' to 'extremely bullish' territory over the past 24 hours, while message volume rose from 'normal' to 'high' levels. A Stocktwits user highlighted that the revenue has not been erased but only delayed and will eventually be realized. Another user voiced hopes for a change in leadership, citing execution issues despite a strong backlog. FLNC stock has dropped 28% year-to-date.
FAQ
Why did Fluence Energy stocks fall 24% after-hours on Wednesday?
Fluence Energy stocks fell 24% after-hours on Wednesday after the company reported mixed third-quarter results and sharply lowered its fiscal 2026 revenue guidance to $2.9-$3.1 billion from $3.2-$3.6 billion. The decline was driven by production delays at new factories that pushed $400 million in project deliveries into fiscal 2027.
What caused Fluence Energy's production delays in Q3?
Fluence Energy's production delays in Q3 were caused by a three-month setback in ramping up the new Houston enclosure facility, now in initial production, and quality issues at an international contract manufacturing plant that required rework. These delays resulted in Q3 revenue of $649.8 million, falling short of the expected $811.12 million.
What is Fluence Energy's current order backlog?
Fluence Energy's order backlog reached a record $6.4 billion. Order intake surged to more than $1.44 billion—nearly triple the year-ago level. The company also secured about $850 million in data-center deals through July.
