We recently published 10 Big Names, Bigger Losses. Fluence Energy Inc. (NASDAQ:FLNC) was one of the worst performers on Thursday.
Fluence Energy saw its share prices drop by 34.63 percent on Thursday to close at $18.95 apiece as investors soured on higher incurred losses in the first quarter of fiscal year 2026.
In an updated report, Fluence Energy Inc. (NASDAQ:FLNC) said that attributable net loss widened by 8.4 percent to $45 million from $41.5 million in the same period a year earlier, despite revenues soaring by 154 percent to $475 million from $187 million year-on-year.
“Accelerating data center growth, utility demand and rising industrial loads continue to drive energy storage demand globally, reflected in our pipeline which has grown by approximately 30 percent to $30 billion since September, 2025. We have been preparing for this inflection in growth with our expanded sales effort, global supply chain and domestic content strategy, which are driving our ability to deliver competitive products to customers around the world,” said Fluence Energy Inc. (NASDAQ:FLNC) President and CEO Julian Nebreda.
Looking ahead, Fluence Energy Inc. (NASDAQ:FLNC) reaffirmed its full fiscal year revenue growth outlook of $3.2 billion to $3.6 billion. As of the first quarter, the midpoint of its guidance—amounting to $3.4 billion—has already been fully covered by orders in backlog.
“As global demand for storage accelerates, we believe our financial discipline positions Fluence to capture this growth and deliver attractive value for our shareholders,” said Fluence Energy Inc. (NASDAQ:FLNC) Chief Finance Officer Ahmed Pasha.
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Disclosure: None. This article is originally published at Insider Monkey.
