Why Fluence Energy Stock Is Tumbling Today
Energy storage company Fluence Energy (NASDAQ: FLNC) lost more than expected in the quarter and lowered its outlook for 2025. Investors are stampeding for the exits, sending Fluence shares down more than 40% as of 9:45 Eastern.Fluence specializes in utility-scale energy storage projects. The company builds out massive arrays of batteries designed to store energy for future use. The projects are large and expensive to build but should create the foundation needed for renewables like solar to take a bigger role in supplying energy to the grid.But the company's fourth-quarter report provided little reason for investor optimism. Fluence lost $0.32 per share on sales of $186.8 million, well short of the $0.22-per-share loss on sales of $373 million that Wall Street had expected. Revenue was down 49% year over year, which the company attributed to delays in getting new projects started.Continue reading
Energy storage company Fluence Energy (NASDAQ: FLNC) lost more than expected in the quarter and lowered its outlook for 2025. Investors are stampeding for the exits, sending Fluence shares down more than 40% as of 9:45 Eastern.
Fluence specializes in utility-scale energy storage projects. The company builds out massive arrays of batteries designed to store energy for future use. The projects are large and expensive to build but should create the foundation needed for renewables like solar to take a bigger role in supplying energy to the grid.
But the company's fourth-quarter report provided little reason for investor optimism. Fluence lost $0.32 per share on sales of $186.8 million, well short of the $0.22-per-share loss on sales of $373 million that Wall Street had expected. Revenue was down 49% year over year, which the company attributed to delays in getting new projects started.
