Fluence Cuts 2026 Outlook as Houston Delays Mount

Fluence Energy on September 16, 2026, cut fiscal 2026 revenue guidance to about $2.4 billion from $2.9-3.1 billion and forecast an adjusted EBITDA loss of roughly $200 million, versus a prior guide near a $10 million loss. CEO Julian Nebreda said the team underestimated the complexity of the Houston facility ramp-up, with the customised automated welding process operating significantly below its targeted level and final assembly lagging on skilled-labour shortages. Fluence said corrective actions have already increased daily production and appointed former AES executive Bernerd Da Santos as COO to oversee supply chain and manufacturing. Record backlog stood at $6.4 billion at June 30, about 2.7 times the new guide, with more than $1.44 billion in quarterly orders and $850 million in data-center business through July. The company used $366.5 million cash in operations over nine months and held $365 million cash and $863 million liquidity at June 30. Shares fell 17% to 19.8% after hours depending on the outlet. Sourcing agrees on the cut’s scale; after-hours prices differ. Management seeks neutral or positive operating cash flow in fiscal 2027.