Fluence Energy, Inc. (FLNC) saw its stock plummet 14.41% in after-hours trading on Wednesday, following the release of its second-quarter financial results and revised guidance for fiscal year 2025. Despite beating revenue expectations, the company's outlook and order intake fell short of initial projections, prompting concerns among investors.
The energy storage technology provider reported Q2 revenue of $431.6 million, surpassing the IBES estimate of $329.7 million. However, the company's bottom line remained in the red, with a net income loss of $41.9 million. Fluence's adjusted EBITDA came in at -$30.4 million, slightly better than the estimated -$31 million, while gross margin stood at 9.9%.
The primary drivers behind the stock's sharp decline appear to be Fluence's revised guidance and weaker-than-expected order intake. The company lowered its fiscal year 2025 adjusted EBITDA guidance to a range of $0 to $20 million, citing ongoing economic uncertainty in the U.S. market. Additionally, Fluence reduced its total fiscal year 2025 revenue expectations to a range of $2.6 billion to $2.8 billion. The company also noted that order intake for the quarter was below initial expectations, further contributing to investor concern about Fluence's growth prospects in the face of evolving trade and tariff landscapes.
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