Fluence Energy, Inc. (NASDAQ: FLNC) experienced a significant pre-market plunge of 10.69% on Thursday, as investors reacted negatively to the company's latest financial results.
The sharp decline follows the release of Fluence Energy's first-quarter fiscal 2026 earnings, which revealed a quarterly loss of $0.34 per share. This result significantly missed analyst consensus estimates that ranged from a loss of $0.17 to $0.23 per share, representing a substantial earnings disappointment.
Further contributing to investor concerns were the company's adjusted EBITDA of negative $52.1 million, which fell short of the estimated negative $31.7 million, and a net loss reaching $62.6 million for the quarter. The company's gross margin of 4.9% also appeared to disappoint market participants, despite revenue of $475.23 million that exceeded analyst expectations.