Fluence Energy set for worst daily drop in 6 months on Q3 revenue miss

Renewable energy storage provider Fluence Energy's shares FLNC.O slump 19.9% to $7.32 - on track for their steepest one-day percentage decline since February

FLNC Q3 revenue of $602.5 mln misses analyst expectations of $760.7 mln, as per data compiled by LSEG

"Delays in scaling our new manufacturing facilities in the U.S. resulted in lower-than-expected revenue for the quarter. We anticipate recovering this revenue in fiscal 2026 as these facilities reach their targeted production levels," says CEO Julian Nebreda

While maintaining its FY25 revenue outlook of $2.6 bln-2.8 bln, co now expects results at the lower end of this range

Including session's moves, stock is down 52.7% YTD vs the Nasdaq Composite's .IXIC 11.3% gain