Fluence Energy Q3 revenue misses estimates
Overview
Fluence Energy fiscal Q3 revenue rises 24.7% but misses analyst expectations
Adjusted EBITDA for fiscal Q3 beats estimates, indicating improved operational efficiency
Company reaffirms FY 2025 revenue guidance, expects lower end due to production delays
Outlook
Fluence reaffirms FY 2025 revenue guidance of $2.6 bln to $2.8 bln
Company expects FY 2025 revenue at lower end of guidance range
Fluence reaffirms FY 2025 Adjusted EBITDA guidance of $0 to $20 mln
Result Drivers
REVENUE INCREASE - Revenue rose 24.7% from last year, driven by weighted second half compared to 2024
PRODUCTION DELAYS - Lower-than-expected revenue due to slower production ramp-up at new U.S. facilities
STRONG BACKLOG - Backlog reached $4.9 bln, with $2.5 bln expected to convert to revenue in fiscal 2026
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $602.50 mln | $760.70 mln (16 Analysts) |
Q3 Net Income |
| $6.90 mln |
|
Q3 Adjusted EBITDA | Beat | $27.40 mln | $12.30 mln (14 Analysts) |
Q3 Gross Margin |
| 14.8% |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 15 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Fluence Energy Inc is $8.00, about 14.9% below its August 8 closing price of $9.19
Press Release: ID:nGNX5VQncp
