Fluence Energy slashes fiscal 2026 revenue forecast to $2.4 billion

  • Fluence Energy reduced its fiscal 2026 revenue forecast to $2.4 billion.
  • Houston production fell to one daily unit versus a planned 11 during the ramp-up.
  • FLNC closed at $9.05 after declining 54% year-to-date and 2.69% that session.

Fluence Energy cut its fiscal 2026 revenue projection to roughly $2.4 billion from $3.0 billion, a $600 million reduction largely tied to manufacturing failures at its Houston facility. The plant produced one unit a day during a key late-summer ramp-up period against a plan for 11, with automated welding failures and a shortage of qualified final-assembly workers disrupting operations. Production later improved to three units daily after the company brought in three regional subcontractors, but the disruption generated a $190 million financial impact, including $130 million in contractual penalties and deferred revenue shifted to fiscal 2027, plus $60 million in deployment and quality-assurance costs. Fluence now expects an adjusted EBITDA loss of about $200 million for fiscal 2026, compared with its earlier forecast for a $10 million loss; about two-thirds of the wider deficit is attributed to missed project deliveries. The company’s gross profit margin is 9.36%, and consensus estimates show no profitability in the current fiscal year. Executives also said Fluence is temporarily retreating from some U.S. market opportunities, a move Baird identified as a major concern. Analyst reactions were mixed: Baird cut the stock to Underperform with a $3.00 target, Canaccord kept Buy while lowering its target to $15.00, BMO Capital retained Market Perform with a $7.00 target, Morgan Stanley maintained Equalweight with a $15.00 target, UBS upgraded FLNC to Neutral from Sell, and GLJ Research moved to Hold from Buy. Fluence has $6.4 billion of contracted project backlog and $1.0 billion in advance customer payments. The shares closed at $9.05 after falling 2.69% during the session.

当サイトの情報はAIを用いて生成されており、正確性を保証するものではありません。 参考情報としてご活用ください。