Fluence Energy tumbles after slashing annual revenue, adj EBITDA forecast
FLNC•Shares fall after guidance cut
Shares of Fluence Energy (FLNC.O) fell 21.1% to $7.10 in premarket trading after the energy storage provider lowered its FY26 revenue forecast to $2.4 billion from a prior range of $2.9 billion to $3.1 billion.
The company now sees an FY adjusted EBITDA loss of about $200 million, wider than its previous forecast of about a $10 million loss.
Houston facility delays pressure outlook
CEO said continued delays in the company's contract manufacturing facility in Houston were the primary reason for lowering the forecast.
Analyst positioning and recent performance
Six of 24 brokerages rate the stock "buy" or higher, 12 rate it "hold", and six rate it "sell" or lower; the median price target is $14.5.
As of the last close, the stock was down 54.3% year to date.
