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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Fluence Energy To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Fluence Energy between November 24, 2025 and September 16, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - October 24, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Fluence Energy, Inc. (""Fluence Energy" or the "Company") (NASDAQ: FLNC) and reminds investors of the November 30, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that the Company's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; (2) that the corrective measures the Company had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to the Company's new facilities; (3) as a result, a material portion of the backlog that Defendants represented as "securing" or "covering" the Company's fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On February 4, 2026, after the market closed, the Company reported first quarter 2026 financial results, including a GAAP gross profit margin of approximately 4.9%, a 6.5 percentage point decline year over year, due to "additional estimated costs on two projects." On this news Fluence Energy's stock price fell $10.04, or 34.63%, to close at $18.95 per share on February 5, 2026, on unusually heavy trading volume.

On August 5, 2026, after the market closed, Fluence Energy announced third quarter financial results, including that revenue was "weaker than expected, primarily reflecting production delays at new contract manufacturing facilities," and that it "now expects that $400.0 million in project deliveries will be delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction related delays that affected the completion and start-up of a new U.S. contract manufacturing facility." On this news Fluence Energy's stock price fell $1.02, or 7.17%, to close at $13.21 per share on August 6, 2026, on unusually heavy trading volume.

On September 16, 2026, after the market closed, Fluence Energy announced a mid-quarter guidance update, revealing that the Company was cutting its full year revenue guide by approximately $0.6 billion, to $2.4 billion, and dramatically cut its full year adjusted EBITDA guide from negative $10 million to negative $200 million, attributing the revision to ongoing "delays in the ramp-up of our contract manufacturing facility." On this news Fluence Energy's stock price fell $1.39, or 15.36%, to close at $7.66 per share on September 17, 2026, on unusually heavy trading volume.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Fluence Energy's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Fluence Energy class action, go to www.faruqilaw.com/FLNC or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Fluence Energy Securities Class Action Lawsuit:

What is the Fluence Energy securities fraud lawsuit about?

The lawsuit alleges that Fluence Energy, Inc. (NASDAQ: FLNC) misled investors about its ability to meet fiscal 2026 revenue guidance. The complaint claims production and manufacturing delays undermined the company's projections, leading to revenue shortfalls, guidance cuts, and declines in Fluence Energy's stock price.

Who may be eligible to participate in the lawsuit?

Investors who purchased or acquired Fluence Energy (NASDAQ: FLNC) securities between November 24, 2025 and September 16, 2026 may be eligible. Investors who suffered losses during the Class Period may potentially share in any recovery, even if they do not seek appointment as lead plaintiff.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed investor who represents the class and helps oversee the litigation. Fluence Energy investors who purchased shares during the Class Period and suffered losses may seek appointment as lead plaintiff by November 30, 2026. Investors do not need to serve as lead plaintiff to participate in any potential recovery.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Fluence Energy securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/320200

Source: Faruqi & Faruqi LLP

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Suit alleges Fluence Energy, Inc. failed to disclose key facts to investors from November 24, 2025 through September 16, 2026; lead plaintiff deadline is November 30, 2026

, /PRNewswire/ -- The Law Offices of Howard G. Smith today reported that a securities class action lawsuit is pending against Fluence Energy, Inc. ("Fluence" or the "Company") (NASDAQ: FLNC) on behalf of investors who acquired its securities from November 24, 2025 through September 16, 2026. The Fluence Energy, Inc. case, Hatweek v. Fluence Energy, Inc., et al., was filed on September 28, 2026 in the U.S. District Court for the Southern District of New York (Case No. 1:26-cv-08475).

Investors with losses on Fluence Energy, Inc. securities can contact the Law Offices of Howard G. Smith about the Fluence Energy, Inc. lawsuit before the November 30, 2026 lead plaintiff deadline.

Key deadlines and dates for Fluence Energy, Inc. investors

Lead plaintiff deadline: November 30, 2026
Class period: November 24, 2025 through September 16, 2026
Complaint filed: September 28, 2026

What happened?

On February 4, 2026, after the market closed, Fluence reported first quarter 2026 financial results, including a GAAP gross profit margin of approximately 4.9%, a 6.5 percentage point decline year over year, due to "additional estimated costs on two projects." Further, net losses also increased to $62.6 million, compared to a net loss of approximately $57.0 million for the same quarter last year. Nonetheless, the Company continued to allege that its growth was being fueled by "accelerating data center growth, utility demand and rising industrial loads" and the Company has "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."

On this news Fluence Energy stock fell $10.04 per share or 34.63%, to close at $18.95 per share on February 5, 2026, thereby injuring investors.

Then, on August 5, 2026, after the market closed, Fluence Energy announced third quarter financial results, including that revenue of $6.49.8 million was "weaker than expected, primarily reflecting production delays at new contract manufacturing facilities." Further the Company reported "adjusted gross profit margin of approximately 5.9%, compared to approximately 15.4% in the same quarter last year, primarily reflecting the impact of delays to revenue." The Company concluded that it "now expects that $400.0 million in project deliveries will be delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction related delays that affected the completion and start-up of a new U.S. contract manufacturing facility." As a result, the Company slashed its guidance, cutting its fiscal year 2026 revenue guidance by $0.4 billion at the midpoint, and its adjusted EBITDA guidance by $60 million at the midpoint, a -120% change.

On this news Fluence Energy stock fell $1.02 per share or 7.17%, to close at $13.21 per share on August 6, 2026, thereby further injuring investors.

Finally, on September 16, 2026, after the market closed, Fluence Energy announced a mid-quarter guidance update, revealing that, among other things, the Company was cutting its full year revenue guide again, this time by approximately $0.6 billion, to $2.4 billion. The Company also dramatically cut its full year adjusted EBITDA guide from negative $10 million, to negative $200 million. The Company attributed the revision to ongoing "delays in the rampup of our contract manufacturing facility."

On this news Fluence Energy stock fell $1.39 per share or 15.36%, to close at $7.66 per share on September 17, 2026, further injuring investors.

What is the Fluence Energy, Inc. lawsuit about?

The Fluence Energy, Inc. securities lawsuit alleges that, between November 24, 2025 and September 16, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Fluence Energy, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) the Company's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; (2) the corrective measures the Company had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to the Company's new facilities; (3) as a result, a material portion of the backlog that Defendants represented as "securing" or "covering" the Company's fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and (4) as a result, defendants' positive statements about Fluence Energy, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

"The lawsuit against Fluence Energy, Inc. alleges that, among other things, the Company failed to tell investors that the Company's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed. Fluence Energy, Inc. investors who bought during the class period may be able to pursue their losses, and the November 30, 2026 deadline is where that process begins," said Howard G. Smith of The Law Offices of Howard G. Smith.

Next steps for Fluence Energy, Inc. investors

Fluence Energy, Inc. investors who suffered losses may contact The Law Offices of Howard G. Smith to learn about pursuing their claims.

Lead plaintiff motions in the Fluence Energy, Inc. class action are due to the Court by November 30, 2026. For more information, visit the firm's website, email [email protected], or call (215) 638-4847.

If you purchased Fluence Energy, Inc. securities during the class period, you may retain counsel of your choice, or you may take no action and remain an absent class member. No class has been certified in the Fluence Energy, Inc. case so far.

Common questions from Fluence Energy, Inc. investors

Who is eligible? Investors who acquired Fluence Energy, Inc. securities from November 24, 2025 through September 16, 2026 and suffered losses may qualify for the class in the Fluence Energy, Inc. shareholder lawsuit.

What is the deadline? Lead plaintiff motions in the Fluence Energy, Inc. case are due by November 30, 2026.

Can I recover without being lead plaintiff? Yes, Fluence Energy, Inc. investors may take no action and remain absent class members.

Does it cost anything? The Law Offices of Howard G. Smith works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.

About The Law Offices of Howard G. Smith

The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.

Prior results do not guarantee a similar outcome.

Related links

Fluence Energy, Inc. case page, The Law Offices of Howard G. Smith
Complaint: Hatweek v. Fluence Energy, Inc., et al., U.S. District Court for the Southern District of New York
press release
Fluence Energy, Inc. SEC filings index, EDGAR
The Law Offices of Howard G. Smith

Contact
Howard G. Smith
The Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Email: [email protected]
Telephone: (215) 638-4847
www.howardsmithlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE Law Offices of Howard G. Smith

NEW YORK, Oct. 17, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fluence Energy, Inc. (NASDAQ: FLNC) between November 24, 2025 and September 16, 2026, inclusive (the “Class Period”), of the important November 30, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Fluence Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Fluence Energy class action, go to https://rosenlegal.com/cases/fluence-energy-inc-2026-09/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 30, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Fluence Energy’s ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; (2) the corrective measures Fluence Energy had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to Fluence Energy’s new facilities; (3) as a result, a material portion of the backlog that defendants represented as “securing” or “covering” Fluence Energy’s fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and (4) as a result of the foregoing, defendants’ positive statements about Fluence Energy’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Fluence Energy class action, go to https://rosenlegal.com/cases/fluence-energy-inc-2026-09/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

BERLIN, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Vattenfall and Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage systems, services, and asset optimization software, have signed an agreement for the delivery of the planned battery storage facility in Brunsbüttel, as well as long-term service support. With an output of 254 MW and a storage capacity of over 1,000 MWh, the Brunsbüttel project, which is planned to be built at the site of the nuclear power plant that is currently being decommissioned, is expected to be among the largest battery energy storage projects in Germany and represents Vattenfall’s largest battery project to date. The project is scheduled to become operational by the end of 2028.

The 4-hour storage facility will utilize Fluence’s Gridstack™ Pro 5000 platform, a large-scale battery storage solution including battery systems, power conversion equipment, and an energy management system designed to support grid resilience, renewable energy integration, and reliable system performance. Fluence will deliver the project on a turnkey basis, including engineering, procurement, construction, commissioning, and long-term service support, helping ensure the facility operates at high performance throughout its entire lifetime.

Germany is currently the leading battery energy storage market in Europe, adding 6.6 GWh in 2025, according to SolarPower Europe. Growth in Germany’s battery storage market is being driven by the rapid expansion of wind and solar power, increasing electricity-price volatility, declining technology costs, and the ability of storage assets to combine revenues from energy trading and grid services.

“Projects like this battery storage facility play an important role in strengthening the resilience of the energy system and enabling the continued integration of renewable power generation. Together with Fluence as our long-term partner, we are creating a flexible asset that can respond to changing electricity market needs for many years to come. The project will further strengthen our portfolio of flexibility solutions and support the transition away from fossil fuels,” said Claus Wattendrup, Head of Solar & Batteries, Vattenfall.

"Our long-standing relationship with Vattenfall now spans eight projects across three European countries, reflecting our shared vision for a more flexible energy system. Having delivered more than 20 battery energy storage projects in Germany, Fluence is proud to be a leader in scaling battery storage as critical energy infrastructure in the country," said Julian Jansen, VP & Managing Director, Fluence Germany.

Demand for utility-scale battery storage continues to grow across Germany and Europe. As wind and solar capacity expands, the need for flexible technologies capable of balancing supply and demand in real time is increasing.

The Brunsbüttel battery project is a key component of Vattenfall’s flexibility strategy and will nearly double the company’s existing battery storage capacity. Construction of the project is expected to begin in 2027. Commissioning of the battery storage facility and its grid connection to the 50Hertz 380 kV transmission network is planned for the end of 2028.

About Vattenfall
Vattenfall is a European energy company with approximately 21,000 employees. For more than 100 years we have electrified industries, supplied energy to people's homes and modernised our way of living through innovation and cooperation. We are committed to building a future where everyone can choose fossil-free ways to move, make and live. To succeed we must become fossil free ourselves. But that's not enough. We are looking beyond our own industry to see where we can really make a difference. Together with our partners, we are taking on the responsibility to find new and sustainable ways to electrify transportation and industries.

About Fluence  
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid, from powering the next generation of AI-driven data centers to unlocking the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future.

For more information, visit our website, or follow us on LinkedIn or X.

Cautionary Statement Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of these energy storage systems, including output and capacity, market position, timing, expected impact of these projects on the German power grid, the European utility landscape, de-risking expectations, demand and other beliefs, assumptions, prospects, plans, and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "may," "possible," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "commits", "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, severe weather events impacting the projects, disruptions in our supply chain impacting project timing, changes to the regulatory environment in Germany and Europe, general economic conditions, the potential for political, social, or economic unrest, terrorism, hostilities or war, unforeseen circumstances outside of Fluence’s control which may cause the energy storage systems to not perform as anticipated, and such factors set forth under Item 1A."Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed with the Securities and Exchange Commission ("SEC") on November 25, 2025, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact
Quirin Löffelmeier
Senior Communications Manager, Fluence Germany
Email: [email protected]

Analyst Contact
Chris Shelton, Vice President, Finance, GID, and IR
Email: [email protected]

New York, New York--(Newsfile Corp. - October 11, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Fluence Energy, Inc (NASDAQ: FLNC) and certain of its officers.

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Fluence Energy securities between November 24, 2025 and September 16, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/cases/fluence-energy-inc-flnc-class_action_lawsuit.

Fluence Energy Case Details

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that:

Fluence Energy's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; the corrective measures Fluence Energy had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to Fluence Energy's new facilities; as a result, a material portion of the backlog that defendants represented as "securing" or "covering" Fluence Energy's fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and as a result of the foregoing, defendants' positive statements about Fluence Energy's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.What's Next for Fluence Energy Investors?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/cases/fluence-energy-inc-flnc-class_action_lawsuit, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Fluence Energy you have until November 30, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

No Cost to Fluence Energy Investors

We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Fluence Energy Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com.

"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

Follow us for updates on LinkedIn, X, Facebook, or Instagram.

Attorney advertising.
Prior results do not guarantee similar outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/316668

Source: Bronstein, Gewirtz & Grossman, LLC

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New York, New York--(Newsfile Corp. - October 8, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Fluence Energy, Inc. (NASDAQ: FLNC) between November 24, 2025 and September 16, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 30, 2026.

SO WHAT: If you purchased Fluence Energy securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Fluence Energy class action, go to https://rosenlegal.com/cases/fluence-energy-inc-2026-09/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 30, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Fluence Energy's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; (2) the corrective measures Fluence Energy had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to Fluence Energy's new facilities; (3) as a result, a material portion of the backlog that defendants represented as "securing" or "covering" Fluence Energy's fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and (4) as a result of the foregoing, defendants' positive statements about Fluence Energy's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Fluence Energy class action, go to https://rosenlegal.com/cases/fluence-energy-inc-2026-09/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/318172

Source: The Rosen Law Firm PA

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Key Takeaways Fluence Energy signed a multi-year EVE Power battery deal to strengthen its storage supply network. The agreement should improve supply and cost visibility while supporting greater operational flexibility. FLNC could scale projects more efficiently, reduce supply uncertainty and better serve global customers. Fluence Energy (FLNC - Free Report) has entered into a multi-year master supply agreement with EVE Power, a global lithium battery manufacturer, to strengthen its access to advanced battery technology for energy storage systems. Under the agreement, EVE Power will provide battery cells for Fluence’s energy storage solutions, supporting its efforts to enhance supply chain resilience and meet growing customer demand.

The partnership forms part of Fluence’s broader global supply strategy, enabling it to secure reliable access to high-quality battery components while improving operational flexibility. The agreement is also expected to provide greater visibility into supply availability and costs, helping Fluence maintain its focus on delivering energy storage systems that meet stringent performance, reliability and safety standards.

Fluence continues to adapt its supply-chain strategy across different markets, including initiatives focused on domestic content offerings in the United States and potential localization opportunities in other regions. These efforts are aimed at improving supply chain efficiency while aligning with evolving market requirements and customer preferences.

The agreement with EVE Power is expected to benefit Fluence by strengthening its battery supply network and supporting the scalability of the energy storage business. Reliable access to advanced lithium battery technology could help Fluence execute large-scale storage projects more efficiently, reduce supply-related uncertainties and improve its ability to serve customers globally. Additionally, the partnership may enhance Fluence’s competitive position by providing greater flexibility in managing costs while maintaining product quality and reliability across its energy storage portfolio.

Taking a Look at Another Battery Supply Agreement In a bid to further boost the thriving energy storage business, Tesla (TSLA - Free Report) announced in March that it is collaborating with South Korea’s LG Energy Solution to buy $4.3 billion worth of lithium iron phosphate battery cells. These cells will be manufactured in the Lansing, MI, factory, starting in 2027.

The facility was originally part of a joint venture between General Motors (GM - Free Report) and LG Energy. However, as General Motors scaled back EV investments amid slower-than-expected adoption, it exited the project, allowing LG Energy to repurpose the plant for new customers like Tesla.

The rationale behind Tesla’s deal with LG Energy is to secure a domestic battery supply and reduce reliance on China. Tesla’s energy storage business is increasingly exposed to tariffs on imported batteries. Without a local supply of LFP cells, the company would either have to absorb higher costs or pass them on to customers, both of which could hurt growth.

The partnership ensures American-made LFP cells will power Tesla’s Megapack 3 systems. By locking in domestic supply, Tesla is directly addressing a key bottleneck — battery availability — while improving cost visibility. If executed well, this could make its energy segment an even more compelling part of the company's long-term growth story.

FLNC’s Share Price Performance, Valuation and EstimatesShares of FLNC have declined in double digits (% -wise) over the past six months. Consequently, FLNC’s shares underperformed its industry over the same time frame.

6-Month Price ComparisonImage Source: Zacks Investment Research

From a valuation standpoint, FLNC trades at a 12-month forward price-to-sales of 0.4X, trading at a discount compared with its industry.

Image Source: Zacks Investment Research

See how the Zacks Consensus Estimate for FLNC’s earnings has been revised over the past 90 days.

Image Source: Zacks Investment Research

FLNC’s Zacks RankFLNC currently carries a Zacks Rank #5 (Strong Sell).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks. 

ARLINGTON, Va., Sept. 24, 2026 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage systems, services, and asset optimization software, today announced a multiyear master supply agreement with EVE Power Co., Ltd. (“EVE Power”), an established global lithium battery manufacturer. Under the terms of the agreement, EVE Power will supply batteries for Fluence energy storage systems.

"EVE Power is an important strategic partner for Fluence, and we see significant opportunity to build on this relationship globally,” said Roman Loosen, SVP and Chief Supply Chain Officer, Fluence. “This multiyear partnership strengthens our access to advanced battery technology and supports our ability to meet customer commitments with greater agility and cost certainty while maintaining the high performance, reliability, and safety standards that guide every Fluence product.”

The agreement supports Fluence’s global supply strategy, while the Company separately continues to tailor its supply chain approach for the U.S. market, including but not limited to its domestic content offering, and explore localization approaches for other markets.

About Fluence  
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid, from powering the next generation of AI-driven data centers to unlocking the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future.

For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.  

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release, including without limitation, anticipated impact of the new battery agreement on the Company, its business, and on the Company’s ability to support customer commitments, the performance of the Company’s supply chain, the Company’s US and global supply chain strategy, and projected costs, beliefs, assumptions, prospects, plans and objectives of management and timing associated therewith. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “seeks,” “expects,” “plans,” “anticipates,” “grows,” “could,” “intends,” “targets,” “projects,” “contemplates,” "commits", “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements are subject to a number of risks, uncertainties, and other important factors that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the elimination or expiration of government incentives or regulations regarding renewable energy; changes in the global trade environment; fluctuations in order intake and results of operations across fiscal periods; a significant reduction in order volume or loss of significant customers or their inability to perform under contracts; competition for offerings and the ability to attract new customers and retain existing ones; maintaining and enhancing reputation and brand recognition; our ability to manage recent and future growth and the expansion of our business and operations; our ability to attract and retain highly qualified personnel; our growth depending on the success of relationships with third parties; delays, disruptions, and quality control problems in manufacturing operations; risks associated with engineering and construction, utility interconnection, commissioning and installation of energy storage products, cost overruns, and delays; supplier concentration and limited supplier capacity; operating as a global company with a global supply chain; changes in the cost and availability of raw materials and underlying components; lengthy sales and installation cycle for energy storage solutions; quality and quantity of components provided by suppliers; defects, errors, vulnerabilities, and/or bugs in products and technology; events and incidents relating to storage, delivery, installation, operation, maintenance, and shutdowns of products; current and planned foreign operations; failure by contract manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; actual or threatened health epidemics, pandemics, or similar public health threats; severe weather events; acquisitions made or that may be pursued; our ability to obtain financial assurances for projects; relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increases in expenses in the future and our ability to maintain prolonged profitability; the risk that amounts included in the pipeline and contracted backlog may not result in actual revenue or translate into profits; restrictions set forth in current and future credit and debt agreements; our uncertain ability to raise additional capital to execute on business opportunities; fluctuations in currency exchange rates; whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for offerings does not develop or takes longer to develop than anticipated; our estimates on the size of the total addressable market; macroeconomic uncertainty and market conditions; interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers’ ability to finance energy storage systems and demand for energy storage solutions; the cost of electricity available from alternative sources; a decline or delay in public acceptance of renewable energy, or increase in the cost of customer projects; increased attention to environmental, social and governance matters; our ability to obtain, maintain, and enforce proper protection for intellectual property, including technology; the threat of lawsuits by third parties alleging intellectual property violations; our having adequate protection for trademarks and trade names; our ability to enforce intellectual property rights; our patent portfolio; our ability to effectively protect data integrity of technology infrastructure, data, and other business systems; the use of open-source software; our failure to comply with third-party license or technology agreements; our inability to license rights to use technologies on reasonable terms; compromises, interruptions, or shutdowns of systems; use of artificial intelligence (“AI”) technologies; potential changes in tax laws or regulations; barriers arising from current electric utility industry policies and regulations and any subsequent changes; environmental, health, and safety laws and potential obligations, liabilities, and costs thereunder; actual or perceived failure to comply with data privacy and data security laws, regulations, industry standards, and other requirements relating to the privacy, security, and processing of personal information; potential future legal proceedings, regulatory disputes, and governmental inquiries; ownership of our Class A common stock; short-seller activists; being a “controlled company” within the meaning of the rules of the Nasdaq Stock Market; conflicts of interest by officers and directors due to positions with our continuing equity owners; relationship with our founders and continuing equity owners; terms of our amended and restated certificate of incorporation and amended and restated bylaws; our dependence on distributions from Fluence Energy, LLC to pay taxes and expenses and Fluence Energy, LLC’s ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks related to the 2030 Convertible Senior Notes; improper and ineffective internal control over reporting to comply with the Sarbanes-Oxley Act; changes in accounting principles or their applicability; and estimates or judgments relating to critical accounting policies; and other important factors set forth under Part I, Item 1A.“Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 25, 2025, as well as in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact
Shayla Ebsen, Director of Communications
Email: [email protected]
Phone: +1 (605) 645-7486

Analyst Contact
Chris Shelton, Vice President, Finance and Investor Relations
Email: [email protected]

Boston, Massachusetts--(Newsfile Corp. - September 22, 2026) - Block & Leviton is investigating Fluence Energy, Inc. (NASDAQ: FLNC) for potential securities law violations. Investors who have lost money in their Fluence Energy investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/flnc.

What is this all about?

Block & Leviton is investigating whether Fluence Energy and certain of its executives made misleading statements or failed to disclose material information to investors about the Company's manufacturing ramp and production capabilities. On August 5, 2026, Fluence cut its full-year revenue outlook after reporting production and construction delays that pushed approximately $400 million of expected deliveries into fiscal 2027. Then, on September 16, 2026, Fluence sharply reduced its outlook again, cutting expected fiscal 2026 revenue to approximately $2.4 billion and adjusted EBITDA to a loss of approximately $200 million, citing continued delays ramping its Houston manufacturing facility. Fluence shares fell sharply on the news. The investigation concerns whether Fluence adequately disclosed the extent of the problems affecting its manufacturing operations before the August and September guidance cuts.

Who is eligible?

Anyone who purchased Fluence Energy common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510.

Whistleblower?

If you have non-public information about Fluence Energy, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315502

Source: Block & Leviton LLP

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

Contact Us

Fluence Energy's periodic reports describe an ongoing U.S. Securities and Exchange Commission investigation relating to the Company's revenue recognition and internal controls -- disclosed alongside a fiscal 2026 outlook that now projects an adjusted EBITDA loss of approximately $200 million. Levi & Korsinsky is investigating on behalf of FLNC investors who lost money.

, /PRNewswire/ -- Fluence Energy (NASDAQ: FLNC) shareholders watched the Company's fiscal 2026 adjusted EBITDA outlook move from a loss of roughly $10 million to a loss of roughly $200 million on September 16, 2026, and research firms responded within days with price-target reductions of as much as 70%. If you lost money on FLNC, you are encouraged to request a no-cost review of your Fluence Energy losses. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

Fluence Energy's public filings disclose an ongoing investigation by the U.S. Securities and Exchange Commission relating to the Company's revenue recognition and internal controls. That regulatory matter is described in the Company's annual report on Form 10-K filed November 25, 2025, and in subsequent periodic reports.

The Levi & Korsinsky investigation concerns whether Fluence Energy adequately disclosed information regarding that regulatory scrutiny and its financial reporting, and whether investors were subject to potential securities law violations.

Investors who purchased Fluence Energy securities and suffered a loss may speak with an attorney about their FLNC losses. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

WHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.

Frequently Asked Questions About the FLNC Investigation

Q: Who is conducting the FLNC investigation?A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased FLNC securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.

Q: Who is eligible to participate in the FLNC investigation?A: Investors who purchased FLNC stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Fluence Energy made materially false or misleading statements regarding its financial reporting and matters relating to revenue recognition and internal controls. When the Company disclosed a substantially reduced fiscal 2026 revenue and adjusted EBITDA outlook on September 16, 2026, the stock price declined sharply.

Q: What do FLNC investors need to do right now?A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.

Q: What is a lead plaintiff and why does it matter?A: If the investigation proceeds to legal action, a lead plaintiff is the investor the court appoints to represent the group of affected investors. Lead plaintiffs are typically investors with the largest documented losses. Contacting the firm during the investigation phase preserves that option.

Q: What if I already sold my FLNC shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought FLNC and sold at a loss may still participate in the investigation.

Q: Do I need to go to court or give testimony?A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

Q: What does it cost me to participate?A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

SOURCE Levi & Korsinsky, LLP

 | Source: Fluence

ARLINGTON, Va., Sept. 16, 2026 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced updated expectations for fiscal year 2026 due largely to continuing supply chain issues affecting the Company’s U.S. production.

The Company is revising its fiscal year 2026 guidance as follows:

Revenue of approximately $2.4 billion compared to the prior guidance midpoint of approximately $3.0 billion.Adjusted EBITDA1 loss of approximately $200.0 million compared to prior guidance midpoint of a loss of approximately $10.0 million. “Demand for our products has remained strong both domestically and internationally, and our international supply chain has continued to work well. However, we continue to experience delays in the ramp up of our contract manufacturing facility in Houston which is the primary reason we are now lowering our fiscal year 2026 financial guidance,” said Julian Nebreda, President and Chief Executive Officer. “We are taking additional steps to restructure our operational organization and streamline planning across our supply chain, manufacturing and delivery functions, helping to position us for stronger execution in fiscal year 2027. In concert, our contract manufacturer has implemented corrective actions that have already yielded an increase in daily production levels.”

"Our key priority is converting our backlog into revenue and cash, and optimizing working capital. As we continue to develop our fiscal 2027 operating and execution plans, our objective is to generate neutral to positive operating cash flow to support our backlog without external capital. We plan to provide a detailed business plan and a financial update for fiscal year 2027 when we report fiscal year 2026 results," said Ahmed Pasha, Chief Financial Officer.

Conference Call Information

The Company will conduct a teleconference starting at 5:00 p.m. EDT today, Wednesday September 16, 2026, to discuss our revised expectations. To participate, analysts are required to register by clicking the Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time.

General audience participants, and non-analysts are encouraged to join the teleconference in a listen-only mode at: Fluence Energy Listen - Only Webcast, or on https://fluenceenergy.com by selecting Investors, News & Events, and Events & Presentations. Supplemental materials that may be referenced during the teleconference will be available at: https://fluenceenergy.com, by selecting Investors, News & Events, and Events & Presentations.

A replay of the conference call will be available Thursday, September 17, 2026. The replay will be available on the Company’s website at https://fluenceenergy.com by selecting Investors, News & Events, and Events & Presentations.

Non-GAAP Financial Measures

We present our operating results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). We believe certain financial measures, such as Adjusted EBITDA, which are non-GAAP measures, provide users of our financial statements with supplemental information that may be useful in evaluating our operating performance. We believe that such non-GAAP measures, when read in conjunction with our operating results presented in accordance with GAAP, can be used to better assess our performance from period to period and relative to performance of other companies in our industry, without regard to financing methods, historical cost basis or capital structure. Such non-GAAP measures should be considered as a supplement to, and not as a substitute for, financial measures prepared in accordance with GAAP. These measures have limitations as analytical tools, including that other companies, including companies in our industry, may calculate these measures differently, reducing their usefulness as comparative measures.

Adjusted EBITDA is calculated from the condensed consolidated statements of operations using net income (loss) adjusted for (i) interest expense (income), net, (ii) income taxes, (iii) depreciation and amortization, (iv) stock-based compensation, and (v) other non-recurring income or expenses. Adjusted EBITDA also includes amounts impacting net income related to estimated payments due to related parties pursuant to the Tax Receivable Agreement, dated October 27, 2021, by and among Fluence Energy, Inc., Fluence Energy, LLC, Siemens Industry, Inc. and AES Grid Stability, LLC (the “Tax Receivable Agreement”).

The Company is not able to provide a quantitative reconciliation of full fiscal year 2026 Adjusted EBITDA to GAAP net income (loss) on a forward-looking basis because of the uncertainty around certain items that may impact Adjusted EBITDA, including stock compensation and restructuring expenses, that are not within our control or cannot be predicted at this time without unreasonable effort.

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future.

For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.

Cautionary Note Regarding Forward-Looking Statements

This press release and statements that are made on our investor call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical fact contained in this press release and on our investor call, including without limitation, statements regarding the Company’s fiscal 2026 guidance expectations; the Company's future results of operations and financial position, including expected revenue shifts; the Company’s future operational performance, including expected updates to the operational organization and the implementation of the Company’s corrective action plans and related impacts; the Company’s plans to better track execution against clear milestones; future liquidity; expectations relating to working capital, and access to capital and cash flows; expectations underpinning the Company’s fiscal 2027 operating and financial plan that is under development and performance of the fiscal 2027 operating and financial plan, including statements regarding the Company’s aims to not require external capital and to generate neutral to positive operating cash flow and plans relating to balancing delivery profile and reducing seasonality and execution concentration; potential future impact from continued delay in ramp up of the contract manufacturing facility; anticipated impact of the corrective actions taken to date at the contract manufacturer facility; anticipated impact from targeted Company personnel changes, including the Company’s new Executive Vice President and Chief Operating Officer; plans regarding developing a framework to evaluate contract manufacturers and production schedules; plans related to strengthening the Company’s supply chain and production system and processes and execution discipline; plans relating to reporting U.S. production levels in the future, both actual and forecast; plans to deliver on the Company’s 2027 backlog; intentions to right-size the Company’s revenue growth and corresponding investments; expectations regarding the future demand for the Company’s products and services and the general industry; ability to deliver on our customer commitments; and projected costs, beliefs, assumptions, prospects, plans and objectives of management and timing associated therewith. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “seeks,” “expects,” “plans,” “anticipates,” “grows,” “could,” “intends,” “targets,” “projects,” “contemplates,” "commits", “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements are subject to a number of risks, uncertainties, and other important factors that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the elimination or expiration of government incentives or regulations regarding renewable energy; changes in the global trade environment; fluctuations in order intake and results of operations across fiscal periods; a significant reduction in order volume or loss of significant customers or their inability to perform under contracts; competition for offerings and the ability to attract new customers and retain existing ones; maintaining and enhancing reputation and brand recognition; our ability to manage recent and future growth and the expansion of our business and operations; our ability to attract and retain highly qualified personnel; our growth depending on the success of relationships with third parties; delays, disruptions, and quality control problems in manufacturing operations; risks associated with engineering and construction, utility interconnection, commissioning and installation of energy storage products, cost overruns, and delays; supplier concentration and limited supplier capacity; operating as a global company with a global supply chain; changes in the cost and availability of raw materials and underlying components; lengthy sales and installation cycle for energy storage solutions; quality and quantity of components provided by suppliers; defects, errors, vulnerabilities, and/or bugs in products and technology; events and incidents relating to storage, delivery, installation, operation, maintenance, and shutdowns of products; current and planned foreign operations; failure by contract manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; actual or threatened health epidemics, pandemics, or similar public health threats; severe weather events; acquisitions made or that may be pursued; our ability to obtain financial assurances for projects; relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increases in expenses in the future and our ability to maintain prolonged profitability; the risk that amounts included in the pipeline and contracted backlog may not result in actual revenue or translate into profits; restrictions set forth in current and future credit and debt agreements; our uncertain ability to raise additional capital to execute on business opportunities; fluctuations in currency exchange rates; whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for offerings does not develop or takes longer to develop than anticipated; our estimates on the size of the total addressable market; macroeconomic uncertainty and market conditions; interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers’ ability to finance energy storage systems and demand for energy storage solutions; the cost of electricity available from alternative sources; a decline or delay in public acceptance of renewable energy, or increase in the cost of customer projects; increased attention to environmental, social and governance matters; our ability to obtain, maintain, and enforce proper protection for intellectual property, including technology; the threat of lawsuits by third parties alleging intellectual property violations; our having adequate protection for trademarks and trade names; our ability to enforce intellectual property rights; our patent portfolio; our ability to effectively protect data integrity of technology infrastructure, data, and other business systems; the use of open-source software; our failure to comply with third-party license or technology agreements; our inability to license rights to use technologies on reasonable terms; compromises, interruptions, or shutdowns of systems; use of artificial intelligence (“AI”) technologies; potential changes in tax laws or regulations; barriers arising from current electric utility industry policies and regulations and any subsequent changes; environmental, health, and safety laws and potential obligations, liabilities, and costs thereunder; actual or perceived failure to comply with data privacy and data security laws, regulations, industry standards, and other requirements relating to the privacy, security, and processing of personal information; potential future legal proceedings, regulatory disputes, and governmental inquiries; ownership of our Class A common stock; short-seller activists; being a “controlled company” within the meaning of the rules of the Nasdaq Stock Market; conflicts of interest by officers and directors due to positions with our continuing equity owners; relationship with our founders and continuing equity owners; terms of our amended and restated certificate of incorporation and amended and restated bylaws; our dependence on distributions from Fluence Energy, LLC to pay taxes and expenses and Fluence Energy, LLC’s ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks related to the 2030 Convertible Senior Notes; improper and ineffective internal control over reporting to comply with the Sarbanes-Oxley Act; changes in accounting principles or their applicability; and estimates or judgments relating to critical accounting policies; and other important factors set forth under Part I, Item 1A.“Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 25, 2025, as well as in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Analyst Contact

Chris Shelton, Vice President of Finance, Investor Relations and Sustainability  
Email: [email protected] 

Media Contact
Shayla Ebsen, Director of Communication
+1 605-645-7486
Email: [email protected] 

1Non-GAAP Financial Metric. See the section titled "Non-GAAP Financial Measures" for more information regarding the Company's use of non-GAAP financial measures.

Key Takeaways FLNC cut fiscal 2026 revenue guidance to $2.9B-$3.1B as factory delays shifted sales into fiscal 2027.Fluence Energy's Q3 orders hit $1.44B and backlog reached a record $6.4B as data center traction accelerated.FLNC's data center pipeline topped 16 GWh, while about $2.2B of backlog is set for fiscal 2027 revenues. Fluence Energy, Inc. (FLNC - Free Report) used its fiscal third-quarter 2026 earnings call to pair an execution setback with record commercial momentum. Factory ramp-up delays pushed revenues into fiscal 2027 and forced an outlook cut.

Management also emphasized record orders, backlog and faster data center traction, making production execution the central issue.

FLNC Cuts Fiscal 2026 Outlook on Factory DelaysChief financial officer Ahmed Pasha said fiscal 2026 revenues are now expected at $2.9 billion to $3.1 billion, with the midpoint down about $400 million to $3 billion.

CFO Pasha said adjusted EBITDA guidance moved to negative $30 million to positive $10 million from positive $40 million to $60 million. Delayed revenues account for about $44 million of lost margin, while a planned battery supply agreement adds $15 million.

The company reported a quarterly loss of $0.24, wider than the Zacks Consensus Estimate of a loss of $0.05. Third-quarter revenues came in at $600.18 million, which missed the Zacks Consensus Estimate of $761.90 million.

Fluence Sees Data Center Pipeline AcceleratePresident and CEO Julian Nebreda said third-quarter order intake reached $1.44 billion, nearly triple the year-earlier level, lifting backlog to a record $6.4 billion.

CEO Nebreda said data center business secured through July totaled about $850 million, including a $300 million developer order and about $550 million of hyperscaler awards not yet in purchase orders.

A Jefferies analyst asked about booking cadence. Nebreda said developers move faster because speed to power is the priority, while hyperscalers emphasize power quality. The data center pipeline reached 16 gigawatt-hours, up more than 35% sequentially.

FLNC Reshapes Supply-Chain OversightNebreda said an international factory delayed Smartstack components after initial output failed Fluence's quality tests. The facility is fully ramped, but lost fiscal 2026 volume cannot be fully recovered.

The Houston plant faced construction, utility and automation delays. Nebreda added the 15-gigawatt-hour facility is producing and should reach full production during the first quarter of fiscal 2027.

Nebreda said Roman Loosen will lead supply chain, while Peter Williams focuses on product, framing the change around execution and process transformation at greater scale rather than replacing manufacturing partners.

Fluence Defends Backlog Margins and ConversionA Citi analyst pressed management on margins. Nebreda said backlog and new orders remain within the company's 10% to 15% margin range, while scaling execution remains the key operational challenge.

Nebreda reiterated that 80% to 90% revenue coverage remains appropriate for fiscal 2027. About $2.2 billion of backlog is expected to convert to fiscal 2027 revenues.

A Goldman Sachs analyst asked whether data centers change the conversion cycle. Nebreda said the initial developer deal moved from lead to contract in less than three months versus 12 to 18 months for traditional segments.

FLNC Maps Liquidity Needs to Higher Order IntakeCFO Pasha said total liquidity ended the quarter at about $863 million, including roughly $365 million of total cash. He still expects about $900 million at fiscal year-end.

Pasha said higher fiscal 2027 order intake could require an additional $300 million to $500 million of working capital. Financing would be pursued only with a clear path to profitable growth and shareholder value creation.

A BMO Capital Markets analyst questioned fourth-quarter execution. Nebreda said roughly half of required quarterly production had been produced and integrated, while Pasha said the wider adjusted EBITDA range reflects potential ramp-up costs.

Fluence Centers Fiscal 2027 on ExecutionManagement's tone combined confidence in demand with acknowledgment that manufacturing execution must improve. Nebreda said delayed projects are older traditional contracts and do not affect data center master supply agreements.

Nebreda's near-term focus is bringing Houston to full production, sustaining international quality and converting commercial activity into revenues without repeating the fiscal 2026 ramp-up issues.

FLNC's Zacks Signals Remain MixedFLNC carries a Zacks Rank #3 (Hold), a neutral ranking versus the top Zacks Rank categories. Its Momentum Score is A, while its Value, Growth and VGM Scores are D, making momentum the strongest style signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks framework favors A or B Style Scores, especially alongside Zacks Rank #1 or #2 (Buy) stocks. FLNC's mixed profile lacks that preferred combination, and its Zacks Rank can change as analyst earnings estimates are revised after the just-reported results.

ARLINGTON, Va., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its results for the three and nine months ended June 30, 2026.

Financial and Operational Highlights for Fiscal Quarter Ended June 30, 2026

Revenue of approximately $649.8 million, compared to approximately $602.5 million in the same quarter last year, primarily driven by an increase in volume of fulfillments of energy storage solutions. Revenue was weaker than expected, primarily reflecting production delays at new contract manufacturing facilities.GAAP gross profit margin of approximately 5.1%, compared to approximately 14.8% in the same quarter last year.Adjusted gross profit margin1 of approximately 5.9%, compared to approximately 15.4% in the same quarter last year, primarily reflecting the impact of delays to revenue, the initial costs of deploying new product platforms, and recognized upfront cost associated with a planned agreement for long-term international battery cell supply.Net loss for the three and nine months ended June 30, 2026 of approximately $44.3 million and $136.1 million, respectively, compared to net income of approximately $6.9 million and net loss of approximately $92.1 million for the same periods last year, respectively.Adjusted EBITDA1 for the three and nine months ended June 30, 2026 of approximately $(29.3) million and $(90.8) million, respectively.Order intake of more than $1.44 billion for the fiscal quarter ended June 30, 2026, nearly triple the order intake of approximately $508.8 million for the same quarter last year.Secured approximately $850.0 million of data center business through July, including the Company's first large, behind-the-meter order signed during the third quarter and approximately $550.0 million of awards from a hyperscaler in July 2026.Backlog2 as of June 30, 2026 of approximately $6.4 billion, the highest level in Company history.Total liquidity3 of approximately $863.0 million as of June 30, 2026, including total cash4 of approximately $365.0 million. “Customer demand for Fluence solutions continues to strengthen, driven by our differentiated technology, digital capabilities, and expanding role supporting the growing power needs of utilities, developers, and data centers. We have been increasing our production capacity globally to meet this growing demand, and although production has been behind our expectation for this year we have taken steps to achieve targeted production levels early in fiscal 2027," said Julian Nebreda, President and Chief Executive Officer. "With both record order intake and backlog, and increasing momentum with all of our customer segments including data centers, we remain confident in the long-term opportunity ahead and our positioning to capitalize on it."

Revised Fiscal Year 2026 Outlook

The Company now expects that $400.0 million in project deliveries will be delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction related delays that affected the completion and start-up of a new U.S. contract manufacturing facility. As a result, the Company is revising its fiscal year 2026 guidance as follows:

Revenue of approximately $2.9 billion to $3.1 billion with a midpoint of $3.0 billion compared to the prior guidance range of approximately $3.2 billion to $3.6 billion with a midpoint of $3.4 billion.Adjusted EBITDA1 of approximately ($30.0) million to $10.0 million, with a midpoint of approximately ($10.0) million compared to prior guidance of approximately $40.0 million to $60.0 million with a midpoint of $50.0 million. This reduction reflects the reduced revenue outlook and an approximately $15 million upfront cost associated with a planned agreement for long-term international battery supply.Annual recurring revenue of approximately $180.0 million by the end of fiscal year 2026, which is unchanged. "Although delays in deliveries of some U.S. projects impacted third quarter revenue and our full year outlook, the associated revenue remains in backlog and is expected to be recognized in fiscal 2027," said Ahmed Pasha, Chief Financial Officer. "We ended the quarter with strong liquidity, providing flexibility and a strong foundation to support increased order volume and future growth.”

The foregoing "Revised Fiscal Year 2026 Outlook" statements represent management's current best estimate as of the date of this release. Actual results may differ materially depending on a number of factors. Investors are urged to read the "Cautionary Note Regarding Forward-Looking Statements" section included in this release. Management does not assume any obligation to update these estimates.

Conference Call Information

The Company will conduct a teleconference starting at 8:30 a.m. EDT on Thursday, August 6, 2026, to discuss our third quarter results. To participate, analysts are required to register by clicking Fluence Energy Q3 Earnings Call Registration Link. Once registered, analysts will be issued a unique PIN number and dial-in number. Analysts are encouraged to register at least 15 minutes before the scheduled start time.

General audience participants, and non-analysts are encouraged to join the teleconference in a listen-only mode at: Fluence Energy Listen - Only Webcast, or on https://fluenceenergy.com by selecting Investors, News & Events, and Events & Presentations. Supplemental materials that may be referenced during the teleconference will be available at: https://fluenceenergy.com, by selecting Investors, News & Events, and Events & Presentations.

A replay of the conference call will be available after 1:00 p.m. EDT on Thursday, August 6, 2026. The replay will be available on the Company’s website at https://fluenceenergy.com by selecting Investors, News & Events, and Events & Presentations.

Non-GAAP Financial Measures

We present our operating results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). We believe certain financial measures, such as Adjusted EBITDA, Adjusted Gross Profit, Adjusted Gross Profit Margin, and Free Cash Flow, which are non-GAAP measures, provide users of our financial statements with supplemental information that may be useful in evaluating our operating performance. We believe that such non-GAAP measures, when read in conjunction with our operating results presented in accordance with GAAP, can be used to better assess our performance from period to period and relative to performance of other companies in our industry, without regard to financing methods, historical cost basis or capital structure. Such non-GAAP measures should be considered as a supplement to, and not as a substitute for, financial measures prepared in accordance with GAAP. These measures have limitations as analytical tools, including that other companies, including companies in our industry, may calculate these measures differently, reducing their usefulness as comparative measures.

Adjusted EBITDA is calculated from the condensed consolidated statements of operations using net income (loss) adjusted for (i) interest (income) expense, net, (ii) income taxes, (iii) depreciation and amortization, (iv) stock-based compensation, and (v) other non-recurring income or expenses. Adjusted EBITDA also includes amounts impacting net income related to estimated payments due to related parties pursuant to the Tax Receivable Agreement, dated October 27, 2021, by and among Fluence Energy, Inc., Fluence Energy, LLC, Siemens Industry, Inc. and AES Grid Stability, LLC (the “Tax Receivable Agreement”).

Adjusted Gross Profit is calculated from the condensed consolidated statements of operations using gross profit, adjusted to exclude (i) stock-based compensation expenses, (ii) depreciation and amortization, and (iii) other non-recurring income or expenses. Adjusted Gross Profit Margin is calculated using Adjusted Gross Profit divided by total revenue.

Free Cash Flow is calculated from the condensed consolidated statements of cash flows and is defined as net cash provided by (used in) operating activities, adjusted to exclude purchases made under supply chain financing arrangements, less repayments of obligations under supply chain financing arrangements and purchase of property and equipment made in the period. It should not be inferred that the entire Free Cash Flow amount is available for discretionary expenditures (for example, cash is still required to satisfy other working capital needs, including short-term investment policy, restricted cash, and intangible assets) and Free Cash Flow does not reflect our future contractual commitments.

Please refer to the reconciliations of the non-GAAP financial measures to their most directly comparable GAAP financial measures included in tables contained at the end of this release.  

The Company is not able to provide a quantitative reconciliation of full fiscal year 2026 Adjusted EBITDA to GAAP net income (loss) on a forward-looking basis because of the uncertainty around certain items that may impact Adjusted EBITDA, including stock compensation and restructuring expenses, that are not within our control or cannot be predicted at this time without unreasonable effort.

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future.

For more information, visit our website, or follow us on LinkedIn. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.

Cautionary Note Regarding Forward-Looking Statements

This press release and statements that are made on our earnings call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts contained in this press release and on our earnings call, including without limitation, statements set forth above under “Revised Fiscal Year 2026 Outlook” and other statements regarding the Company's future results of operations and financial position, operational performance, the Company’s business, growth, and innovation strategy and the efficacy of our products and services to meet evolving needs, future market and industry growth and related opportunities for the Company, including relating to data centers, projected operating costs and future cost visibility, future liquidity, expectations relating to working capital, and access to capital and cash flows, future capital expenditures and debt service obligations, expectations related to backlog, pipeline, order intake, and contracted backlog, expectations regarding Smartstack becoming a leading product, expectations regarding the deployment, performance, and customer adoption of new product offerings, expectations regarding customer demand for Company products and solutions, impact of the Company’s planned new battery cell supply agreement, the Company’s supply chain strategy, including future volume and production capacity, expectations regarding our contract manufacturing partners and related facilities, potential impact from delays in ramp up of production facilities, associated project delays, and cost overruns, including those arising from the introduction of new product platforms, and projected costs, beliefs, assumptions, prospects, plans and objectives of management and timing associated therewith. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “seeks,” “expects,” “plans,” “anticipates,” “grows,” “could,” “intends,” “targets,” “projects,” “contemplates,” "commits", “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements are subject to a number of risks, uncertainties, and other important factors that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the elimination or expiration of government incentives or regulations regarding renewable energy; changes in the global trade environment; fluctuations in order intake and results of operations across fiscal periods; a significant reduction in order volume or loss of significant customers or their inability to perform under contracts; competition for offerings and the ability to attract new customers and retain existing ones; maintaining and enhancing reputation and brand recognition; our ability to manage recent and future growth and the expansion of our business and operations; our ability to attract and retain highly qualified personnel; our growth depending on the success of relationships with third parties; delays, disruptions, and quality control problems in manufacturing operations; risks associated with engineering and construction, utility interconnection, commissioning and installation of energy storage products, cost overruns, and delays; supplier concentration and limited supplier capacity; operating as a global company with a global supply chain; changes in the cost and availability of raw materials and underlying components; lengthy sales and installation cycle for energy storage solutions; quality and quantity of components provided by suppliers; defects, errors, vulnerabilities, and/or bugs in products and technology; events and incidents relating to storage, delivery, installation, operation, maintenance, and shutdowns of products; current and planned foreign operations; failure by contract manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; actual or threatened health epidemics, pandemics, or similar public health threats; severe weather events; acquisitions made or that may be pursued; our ability to obtain financial assurances for projects; relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increases in expenses in the future and our ability to maintain prolonged profitability; the risk that amounts included in the pipeline and contracted backlog may not result in actual revenue or translate into profits; restrictions set forth in current and future credit and debt agreements; our uncertain ability to raise additional capital to execute on business opportunities; fluctuations in currency exchange rates; whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for offerings does not develop or takes longer to develop than anticipated; our estimates on the size of the total addressable market; macroeconomic uncertainty and market conditions; interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers’ ability to finance energy storage systems and demand for energy storage solutions; the cost of electricity available from alternative sources; a decline or delay in public acceptance of renewable energy, or increase in the cost of customer projects; increased attention to environmental, social and governance matters; our ability to obtain, maintain, and enforce proper protection for intellectual property, including technology; the threat of lawsuits by third parties alleging intellectual property violations; our having adequate protection for trademarks and trade names; our ability to enforce intellectual property rights; our patent portfolio; our ability to effectively protect data integrity of technology infrastructure, data, and other business systems; the use of open-source software; our failure to comply with third-party license or technology agreements; our inability to license rights to use technologies on reasonable terms; compromises, interruptions, or shutdowns of systems; use of artificial intelligence (“AI”) technologies; potential changes in tax laws or regulations; barriers arising from current electric utility industry policies and regulations and any subsequent changes; environmental, health, and safety laws and potential obligations, liabilities, and costs thereunder; actual or perceived failure to comply with data privacy and data security laws, regulations, industry standards, and other requirements relating to the privacy, security, and processing of personal information; potential future legal proceedings, regulatory disputes, and governmental inquiries; ownership of our Class A common stock; short-seller activists; being a “controlled company” within the meaning of the rules of the Nasdaq Stock Market; conflicts of interest by officers and directors due to positions with our continuing equity owners; relationship with our founders and continuing equity owners; terms of our amended and restated certificate of incorporation and amended and restated bylaws; our dependence on distributions from Fluence Energy, LLC to pay taxes and expenses and Fluence Energy, LLC’s ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks related to the 2030 Convertible Senior Notes; improper and ineffective internal control over reporting to comply with the Sarbanes-Oxley Act; changes in accounting principles or their applicability; and estimates or judgments relating to critical accounting policies; and other important factors set forth under Part I, Item 1A.“Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 25, 2025 and Part II, Item 1A. "Risk Factors" in this Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026, as well as in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Analyst Contact
Chris Shelton, Vice President of Finance, GID, and Investor Relations
Email: [email protected] 

Media Contact
Shayla Ebsen, Director of Communications
+1 605-645-7486
Email: [email protected] 

FLUENCE ENERGY, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(U.S. Dollars in Thousands, except share and per share amounts)
     Unaudited   June 30,
2026 September 30,
2025Assets   Current assets:   Cash and cash equivalents$339,328  $690,768 Restricted cash 25,630   23,862 Trade receivables, net 350,134   272,820 Unbilled receivables 328,210   239,594 Receivables from related parties 108,922   200,748 Advances to suppliers 226,390   126,778 Inventory, net 783,031   455,015 Other current assets 162,861   54,671 Total current assets 2,324,506   2,064,256 Non-current assets:   Property and equipment, net$43,506  $50,320 Intangible assets, net 64,221   63,403 Goodwill 28,297   28,584 Deferred income tax asset 2,878   4,046 Other non-current assets 152,195   146,391 Total non-current assets 291,097   292,744 Total assets$2,615,603  $2,357,000 Liabilities and Stockholders’ Equity   Current liabilities:   Accounts payable$295,056  $321,004 Deferred revenue 956,491   640,457 Deferred revenue with related parties 57,531   79,916 Personnel related liabilities 44,189   31,850 Accruals and provisions 274,935   246,235 Taxes payable 15,186   30,317 Other current liabilities 90,661   20,590 Total current liabilities 1,734,049   1,370,369 Non-current liabilities:   Deferred income tax liability$9,101  $9,530 Convertible senior notes, net 392,164   390,804 Other non-current liabilities 49,065   37,449 Total non-current liabilities 450,330   437,783 Total liabilities 2,184,379   1,808,152 Stockholders’ Equity:   Preferred stock, $0.00001 per share, 10,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and September 30, 2025 —   — Class A common stock, $0.00001 par value per share, 1,200,000,000 shares authorized; 144,125,253 shares issued and 143,136,891 shares outstanding as of June 30, 2026; 132,014,571 shares issued and 131,164,365 shares outstanding as of September 30, 2025 1   1 Class B-1 common stock, $0.00001 par value per share, 134,325,805 shares authorized; 41,432,781 and 51,499,195 shares issued and outstanding as of June 30, 2026 and September 30, 2025, respectively —   — Class B-2 common stock, $0.00001 par value per share, 200,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2026 and September 30, 2025 —   — Treasury stock, at cost (12,930)  (10,213)Additional paid-in capital 670,321   627,956 Accumulated other comprehensive income 14,394   11,613 Accumulated deficit (298,576)  (199,762)Total stockholders’ equity attributable to Fluence Energy, Inc. 373,210   429,595 Non-Controlling interests 58,014   119,253 Total stockholders’ equity 431,224   548,848 Total liabilities and stockholders’ equity$2,615,603  $2,357,000          FLUENCE ENERGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(U.S. Dollars in Thousands, except share and per share amounts)
     Three Months Ended June 30, Nine Months Ended June 30,  2026   2025   2026   2025 Revenue$        600,180  $        566,926  $        1,317,908  $        947,532 Revenue from related parties         49,668           35,607           272,065           273,407 Total revenue         649,848           602,533           1,589,973           1,220,939 Cost of goods and services         616,607           513,434           1,487,053           1,068,057 Gross profit         33,241           89,099           102,920           152,882 Operating expenses:       Research and development         23,740           26,011           63,351           65,325 Sales and marketing         25,300           19,822           70,600           59,213 General and administrative         37,735           35,603           116,809           113,722 Depreciation and amortization         3,986           3,628           12,010           9,386 Interest (income) expense, net         (2,915)          1,083           1,219           733 Other income, net         (11,101)          (8,519)          (19,392)          (4,315)(Loss) income before income taxes         (43,504)          11,471           (141,677)          (91,182)Income tax expense (benefit)         772           4,577           (5,574)          869 Net (loss) income$        (44,276) $        6,894  $        (136,103) $        (92,051)Net (loss) income attributable to non-controlling interest$        (11,459) $        642  $        (37,289) $        (25,791)Net (loss) income attributable to Fluence Energy, Inc.$        (32,817) $        6,252  $        (98,814) $        (66,260)        Weighted average number of Class A common shares outstanding:       Basic 138,129,139   130,723,258   134,060,941   130,062,109 Diluted 138,129,139   183,645,493   134,060,941   130,062,109 (Loss) income per share of Class A common stock:       Basic$        (0.24) $        0.05          $        (0.74) $        (0.51)Diluted$        (0.24) $        0.01          $        (0.74) $        (0.51)                 FLUENCE ENERGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
(U.S. Dollars in Thousands)
    ​Three Months Ended June 30, Nine Months Ended June 30,  2026   2025   2026   2025 Net (loss) income$(44,276) $6,894  $(136,103) $(92,051)        (Loss) gain on foreign currency translation, net of tax (2,862)  13,405   (4,867)  16,768 Gain (loss) on cash flow hedges, net of tax 14,200   (5,412)  8,475   2,287 Total other comprehensive income 11,338   7,993   3,608   19,055 Total comprehensive (loss) income$(32,938) $14,887  $(132,495) $(72,996)Comprehensive (loss) income attributable to non-controlling interest$(8,463) $2,905  $(36,462) $(20,389)Total comprehensive (loss) income attributable to Fluence Energy, Inc.$(24,475) $11,982  $(96,033) $(52,607)                 FLUENCE ENERGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(U.S. Dollars in Thousands)
   Nine Months Ended June 30,  2026   2025 Operating activities   Net loss$(136,103) $(92,051)Adjustments to reconcile net loss to net cash used in operating activities:   Depreciation and amortization 30,723   18,929 Amortization of debt issuance costs 3,712   3,072 Inventory provision (6,756)  (811)Stock-based compensation 14,118   15,459 Deferred income taxes (119)  5,814 Changes in operating assets and liabilities:   Trade receivables, net (77,924)  64,761 Unbilled receivables (85,919)  22,357 Receivables from related parties 91,826   204,158 Advances to suppliers (99,644)  (38,415)Inventory (321,405)  (469,694)Other current assets (75,985)  20,524 Other non-current assets (11,552)  (23,504)Accounts payable (22,215)  (180,842)Deferred revenue with related parties (22,379)  9,598 Deferred revenue 318,984   264,498 Accruals and provisions 26,317   (118,359)Taxes payable (15,037)  (56,187)Other current liabilities 10,703   (65,617)Other non-current liabilities 12,121   5,029 Net cash used in operating activities (366,534)  (411,281)Investing activities   Capital expenditures on software and other (11,656)  (10,023)Purchase of property and equipment (9,678)  (10,024)Issuance of note receivable (30,000)  — Proceeds from sale of equity method investment 3,686   — Net cash used in investing activities (47,648)  (20,047)Financing activities   Class A common stock withheld related to settlement of employee taxes for stock-based compensation awards (2,717)  (490)Proceeds from issuance of 2030 Convertible Senior Notes —   400,000 Purchases of Capped Calls related to 2030 Convertible Senior Notes —   (29,000)Payment for debt issuance costs (1,704)  (12,132)Purchases under supply chain financing arrangements 101,937   — Repayments of obligations under supply chain financing arrangements (24,751)  — Proceeds from exercise of stock options 3,470   1,767 Distribution to AES Grid Stability —   (1,035)Principal payments on finance leases (4,180)  (465)Net cash provided by financing activities 72,055   358,645 Effect of exchange rate changes on cash and cash equivalents (7,545)  13,865 Net decrease in cash, cash equivalents, and restricted cash (349,672)  (58,818)Cash, cash equivalents, and restricted cash as of the beginning of the period 714,630   518,706 Cash, cash equivalents, and restricted cash as of the end of the period$364,958  $459,888 Supplemental Cash Flows Information   Interest paid$14,112  $7,876 Cash paid (refund) on income taxes$19,016  $(1,429)         FLUENCE ENERGY, INC.
KEY OPERATING METRICS (UNAUDITED)

The following tables present our key operating metrics as of June 30, 2026 and September 30, 2025. The tables below present the metrics in either Gigawatts (GW) or Gigawatt hours (GWh). Our key operating metrics focus on project milestones to measure our performance and designate each project as either “deployed”, “assets under management”, “contracted backlog”, or “pipeline”.

  June 30, 2026 September 30, 2025​Change  Change %Energy Storage Products and Solutions ​​​​   Deployed (GW) 7.4 6.8​0.6​9%Deployed (GWh) 19.3 17.8 1.5 8%Contracted Backlog (GW) 12.6 9.1​3.5​38%Pipeline (GW) 45.6 35.7 9.9 28%Pipeline (GWh) 163.7 122.0​41.7​34% (amounts in GW) June 30, 2026 September 30, 2025​Change  Change %Services ​​​​ ​ Assets under Management 6.3 5.6​0.7​13%Contracted Backlog 7.9 7.0​0.9​13%Pipeline 33.3 29.4​3.9​13% (amounts in GW) June 30, 2026 September 30, 2025​Change  Change %Digital ​​​​ ​ Assets under Management 22.8 22.0​0.8​4%Contracted Backlog 13.9 12.1​1.8​15%Pipeline 51.4 63.7​(12.3)​(19%) The following table presents our order intake for the three and nine months ended June 30, 2026 and 2025. The table is presented in Gigawatts (GW):

(amounts in GW) Three Months Ended June 30,​    Nine Months Ended June 30,​    2026 2025​Change​Change %​2026 2025​Change​Change %Energy Storage Products and Solutions​​​​​​​​        Contracted​2.6 0.7​1.9​271%​4.2 1.9​2.3 121%Services​​​ ​​​​​​  ​   Contracted​0.3 1.4​(1.1)​(79)%​1.6 2.0​(0.4) (20)%Digital​​​ ​​​​​​  ​   Contracted​0.6 0.9​(0.3)​(33)%​6.0 5.4​0.6​11% Deployed

Deployed represents cumulative energy storage products and solutions that have achieved substantial completion and are not decommissioned. Deployed is monitored by management to measure our performance towards achieving project milestones.

Assets Under Management

Assets under management for service contracts represents our long-term service contracts with customers associated with our completed energy storage system products and solutions. In general, we start providing maintenance, monitoring, or other operational services after the storage product projects are completed. This is not limited to energy storage solutions delivered by Fluence. Assets under management for digital software represents contracts signed and active (post go live). Assets under management serves as an indicator of expected revenue from our customers and assists management in forecasting our expected financial performance.

Contracted Backlog

For our energy storage products and solutions contracts, contracted backlog includes signed customer orders or contracts under execution prior to when substantial completion is achieved. For service contracts, contracted backlog includes signed service agreements associated with our storage product projects that have not been completed and the associated service has not started. For digital applications contracts, contracted backlog includes signed agreements where the associated subscription has not started.

We cannot guarantee that our contracted backlog will result in actual revenue in the originally anticipated period or at all. Contracted backlog may not generate margins equal to our historical operating results. Our customers may experience project delays or cancel orders as a result of external market factors and economic or other factors beyond our control. If our contracted backlog fails to result in revenue as anticipated or in a timely manner, we could experience a reduction in revenue, profitability, and liquidity.

Contracted/Order Intake

Contracted, which we use interchangeably with “order intake”, represents new energy storage product and solutions contracts, new service contracts and new digital contracts signed during each period presented. We define “Contracted” as a firm and binding purchase order, letter of award, change order or other signed contract (in each case an “Order”) from the customer that is received and accepted by Fluence. Our order intake is intended to convey the dollar amount and gigawatts (operating measure) contracted in the period presented. We believe that order intake provides useful information to investors and management because the order intake provides visibility into future revenue and enables evaluation of the effectiveness of the Company’s sales activity and the attractiveness of its offerings in the market.

Pipeline

Pipeline represents our uncontracted, potential revenue from energy storage products and solutions, service, and digital software contracts, which have a reasonable likelihood of contract execution within 24 months. Pipeline is an internal management metric that we construct from market information reported by our global sales force. Pipeline is monitored by management to understand the anticipated growth of our Company and our estimated future revenue related to customer contracts for our battery-based energy storage products and solutions, services and digital software.

We cannot guarantee that our pipeline will result in actual revenue in the originally anticipated period or at all. Pipeline may not generate margins equal to our historical operating results. Our customers may experience project delays or cancel orders as a result of external market factors and economic or other factors beyond our control. If our pipeline fails to result in revenue as anticipated or in a timely manner, we could experience a reduction in revenue, profitability, and liquidity.

Annual Recurring Revenue (ARR)

ARR represents the net annualized contracted value including software subscriptions including initial trial, licensing, long term service agreements, and extended warranty agreements as of the reporting period. ARR excludes one-time fees, revenue share or other revenue that is non-recurring and variable. The Company believes ARR is an important operating metric as it provides visibility to future revenue. It is important to management to increase this visibility as we continue to expand. ARR is not a forecast of future revenue and should be viewed independently of revenue and deferred revenue as ARR is an operating metric and is not intended to replace these items.

FLUENCE ENERGY, INC.

RECONCILIATION OF GAAP TO NON-GAAP MEASURES (UNAUDITED)

The following tables present our non-GAAP measures for the periods indicated.

($ in thousands)​Three Months Ended June 30, Nine Months Ended June 30,​ 2026 ​ 2025  2026 ​ 2025 Net loss​$(44,276) $6,894 $(136,103) $(92,051)Add:​ ​​    Interest expense (income), net​ (2,915)​ 1,083  1,219   733 Income tax expense (benefit)​ 772 ​ 4,577  (5,574)  869 Depreciation and amortization​ 11,198 ​ 8,255  30,723   18,929 Stock-based compensation  4,891   6,400  14,121   15,542 Other non-recurring expenses(a)​ 1,034 ​ 146  4,818   3,246 Adjusted EBITDA ​$(29,296) $27,355 $(90,796) $(52,732) (a) Amount for the three months ended June 30, 2026 includes $0.5 million for secondary offering expenses and $0.5 million for legal and consulting fees related to potential strategic transactions. Amount for the three months ended June 30, 2025 includes approximately $1.4 million in severance costs related to restructuring and $1.2 million in income as a result of a reduction of our Tax Receivable Agreement liability. Amounts for nine months ended June 30, 2026 includes approximately $3.8 million for legal and consulting fees related to potential strategic transactions, $0.5 million of impairment expense related to an equity method investment, and $0.5 million for secondary offering expenses. Amount for the nine months ended June 30, 2025 includes $4.5 million in severance costs related to restructuring and $1.2 million in income as a result of a reduction of our Tax Receivable Agreement liability.

($ in thousands) Three Months Ended June 30, Nine Months Ended June 30,  2026 ​ 2025   2026 ​ 2025 Total revenue $649,848 ​$602,533  $1,589,973  $1,220,939 Cost of goods and services​ 616,607 ​ 513,434   1,487,053   1,068,057 Gross profit​ 33,241 ​ 89,099   102,920   152,882 Gross profit margin %​ 5.1%​ 14.8%  6.5%  12.5%Add:        Stock-based compensation  199   636   1,084   2,154 Depreciation and amortization  5,185   2,734   12,768   5,388 Other non-recurring expenses​ — ​ 307   —   606 Adjusted Gross Profit $38,625 ​$92,776  $116,772 ​$161,030 Adjusted Gross Profit Margin %​ 5.9%​ 15.4%  7.3%​ 13.2% ​​

($ in thousands) Nine Months Ended June 30,  2026   2025 Net cash used in operating activities $(366,534) $(411,281)Add: Purchases under supply chain financing arrangements  101,937   — Less: Repayments of obligations under supply chain financing arrangements  (24,751)  — Less: Purchase of property and equipment  (9,678)​ (10,024)Free Cash Flow $(299,026)​$(421,305) 1 Non-GAAP Financial Metric. See the section titled "Non-GAAP Financial Measures" for more information regarding the Company's use of non-GAAP financial measures, as well as a reconciliation to the most directly comparable financial measures stated in accordance with GAAP.
2 Backlog represents the unrecognized revenue value of our contractual commitments, which include deferred revenue and amounts that will be billed and recognized as revenue in future periods. The company's backlog may vary significantly each reporting period based on the timing of major new contractual commitments and the backlog may fluctuate with currency movements. In addition, under certain circumstances, the Company's customers have the right to terminate contracts or defer the timing of its services and their payments to the Company.
3 Total liquidity is a management metric and is defined as cash and cash equivalents + restricted cash + capacity available under our working capital facilities, net of letters of credit issued. Our working capital facilities include our two supply chain financing programs and our revolving credit facility, under which we can issue letters of credit or, subject to certain limitations, incur borrowings thereunder. Each of our working capital facilities are subject to covenants and restrictions as set forth therein, including a cash draw sublimit in the revolving credit facility of $150.0 million. As of June 30, 2026, we had $193.0 million of outstanding letters of credit under our revolving credit facility, with remaining availability of $307.0 million.
4 Total cash includes cash and cash equivalents + restricted cash. 

Key Takeaways Fluence Energy's record $5.6B backlog supports reaffirmed fiscal 2026 guidance and revenue visibility. FLNC signed hyperscaler supply agreements as AI data-center demand expands its growth pipeline. Fluence Energy trades below industry price-to-sales levels after a steep six-month share decline. Shares of Fluence Energy (FLNC - Free Report) have declined 52% over the past six months, underperforming the Zacks Alternate Energy - Other industry, as well as fellow industry players FuelCell Energy (FCEL - Free Report) and GE Vernova (GEV - Free Report) .

6- Month Stock Price ComparisonImage Source: Zacks Investment Research

Shares of Fluence Energy have declined this year due to headwinds like battery oversupply fears, periodic execution delays and macroeconomic pressures. Despite the recent drop, Fluence Energy’s robust fundamentals can’t be ignored.

The pullback over the past six months might be an opportune moment for long-term investors to buy FLNC’s shares. Currently priced at $13.93, the stock is 56% below its 52-week high, leaving ample room for growth.

Reasons Why We Remain Bullish on FLNC StockGrowing Utility-Scale Energy Storage Demand: Fluence Energy stands to benefit from the accelerating global adoption of battery energy storage systems, driven by the rapid expansion of renewable energy generation and increasing electricity demand. As utilities integrate more solar and wind capacity into the grid, the need for large-scale storage solutions to balance intermittent power generation and maintain grid reliability continues to rise.

Strong Backlog Position: The company is already witnessing these favorable trends in its business. Management noted that accelerating utility demand, industrial electrification and data-center growth have expanded its sales pipeline. In the second-quarter fiscal 2026 conference call, management stated that the data center pipeline expanded 30% compared with the fiscal first quarter. Moreover, backlog climbed to record levels of approximately $5.6 billion.

Fluence Energy reaffirmed its fiscal 2026 guidance. The fiscal 2026 guidance is covered by backlog, providing strong revenue visibility. Management expects annual recurring revenues to reach approximately $180 million by the end of fiscal 2026, up from $148 million in fiscal 2025. Adjusted EBITDA is still expected in the range of $40-$60 million for fiscal 2026.

AI Data Centers Boosting Growth Potential: The rapid build-out of AI data centers is emerging as another powerful tailwind for Fluence. AI facilities require highly reliable, flexible power systems capable of handling sudden fluctuations in electricity demand. Battery energy storage systems help stabilize voltage and frequency, reduce peak demand and support uninterrupted operations, making them an increasingly essential component of next-generation AI infrastructure.

The company has recently signed master supply agreements with two major hyperscale data-center operators and expects initial orders to follow shortly. These MSAs established Fluence as a qualified supplier, positioning us to build on expected near-term data center projects for both hyperscalers. The company’s Smartstack platform has been developed to address AI-related power requirements.

Decent Earnings Surprise History: The company surpassed the Zacks Consensus Estimate for earnings in two of the last four quarters, missing once and reporting in-line earnings on the other occasion. The average beat is 18.1%.

Fluence Energy’s Shares Are Cheap: The stock is undervalued compared with its industry. It is currently trading at a price-to-sales multiple of 0.61, lower than the industry levels. FuelCell Energy and GE Vernova trade at much higher levels. FuelCell Energy has a Value Score of F, while Fluence Energy and GE Vernova each have a value score of D.

Valuation PictureImage Source: Zacks Investment Research

FLNC Is Still a Solid PickBased on the abovementioned tailwinds, investors should consider parking their cash in FLNC despite the recent price weakness. The company currently carries a Zacks Rank #2 (Buy).

The Wall Street average target price of $18.89 for FLNC stock suggests an upside of more than 35% from the current levels.

Image Source: Zacks Investment Research

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.