Key Highlights

  • Fluence Energy shares are down 12.85% in pre-market trading.
  • Fiscal Q3 2026 revenue and EPS missed estimates significantly.
  • The company cut full-year fiscal 2026 guidance, now expecting $2.9 billion in revenue and -$10 million in adjusted EBITDA.
  • Record order intake of $1.4 billion nearly tripled the same period last year.
  • Backlog reached a record $6.4 billion, up 14% sequentially.

Shares Plunge on Guidance Cut Despite Order Growth

Fluence Energy (NASDAQ:FLNC) is trading sharply lower today, extending Wednesday's 9% regular-session decline, after the company posted a wider-than-expected fiscal third-quarter loss and slashed its full-year 2026 guidance. Shares fell as much as 13.00% to $12.40 in pre-market trading, adding to Wednesday's steep decline.

Fluence Energy, a global leader in intelligent energy storage and optimization software for renewable energy and grid applications, operates across the Americas, Asia Pacific, Europe, the Middle East, and Africa. The company designs, manufactures, and deploys battery-based energy storage systems, alongside integrated advanced hardware, software, and AI-powered digital intelligence through its Gridstack, Ultrastack, Sunstack, and Edgestack product lines.

Guidance Cut Despite Record Orders and Backlog

Despite the disappointing quarter, Fluence reported record order intake of $1.4 billion in the third quarter, nearly triple the $509 million booked in the same period last year, including a first deal with a data center developer worth $300 million and a subsequent $550 million award from a hyperscaler in July. The company ended the quarter with a record backlog of $6.4 billion, up 14% sequentially and more than 30% year over year, alongside liquidity of approximately $860 million.

Year-to-date orders reached $2.7 billion, 80% higher than the prior year, with utilities and IPPs making up approximately 90% of this total. Revenues were negatively affected by delays in expected project deliveries driven by the ramp-up of two new contract manufacturing facilities. The company is lowering its fiscal 2026 guidance midpoint to $3 billion in revenue and negative $10 million in adjusted EBITDA, and has instituted changes aimed at ensuring delivery against growing market demand.

Conclusion

Fluence Energy's sharp decline reflects investor concern over near-term execution challenges tied to manufacturing capacity ramp-up, even as the company posts record order intake and backlog growth that point to strong underlying demand. With utilities, data centers, and hyperscalers driving order growth, the coming quarters will be important for confirming whether the company can convert its expanding backlog into consistent delivery.

This article is for informational purposes only and does not constitute financial, investment, or trading advice. Readers should conduct their own research or consult a licensed financial advisor before making any investment decisions.