Fluence Energy Cuts Revenue Outlook Amid Houston Facility Delays
Fluence Energy (NASDAQ:FLNC) shares dropped by 14% after the company revised its financial year 2026 revenue outlook downward and widened its projected adjusted EBITDA loss. The firm now expects approximately $2.4 billion in revenue, down from a previous midpoint of $3 billion, with an expected adjusted EBITDA loss widening to around $200 million compared to the earlier forecasted $10 million. CEO Julian Nebreda attributed these revisions primarily to delays at its Houston contract manufacturing facility. Despite this setback, he noted strong domestic and international demand as well as continued performance in supply chains. Fluence has taken corrective actions that have already boosted daily production levels and is restructuring operations across key departments. The company also appointed Bernerd Da Santos as chief operating officer. CFO Ahmed Pasha emphasized the importance of converting backlog into revenue while optimizing working capital to achieve neutral or positive cash flow, reducing reliance on external funding.
Tickers: $FLNC
Topics: ebitda_loss_increase operational_delays revenue_outlook_cut