Fluence Energy Cuts Outlook, Names Operating Chief

By Katherine Hamilton

Fluence Energy cut its full-year outlook due to delays at its contract manufacturing facility.

The battery energy storage system provider said Wednesday that it now expects annual sales to be $2.4 billion at the midpoint, down from its previous guidance of $3 billion.

Its adjusted loss before interest, taxes, depreciation and amortization is now projected to be $200 million, compared with the previously forecasted loss of $10 million.

Shares slid 17% to $7.49 in after-hours trading. Through the close the stock is down 61% this year.

While demand has remained strong, Fluence's plans to ramp up its contract manufacturing site in Houston has been slowed, Chief Executive Julian Nebreda said.

Fluence is taking additional steps to restructure its organization and streamline planning across the supply chain and manufacturing. Its contract manufacturer has implemented corrective actions that have already increased daily production levels, Nebreda said.

Separately, Fluence named Bernerd Da Santos as chief operating officer, where he will oversee supply chain, manufacturing and enterprise operations. Da Santos most recently served as a board member and strategic adviser to the president of AES, after spending years as AES's president and chief operating officer.

Fluence plans to pay Da Santos an annual base salary of $650,000, plus a $700,000 sign-on cash bonus.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

September 16, 2026 16:55 ET (20:55 GMT)