Fluence Energy, Inc.

Fluence Energy, Inc. announced an agreement with Avantus to supply its Smartstack energy storage solution and turnkey EPC services for the Rexford 2 project in Tulare County, California. The project will feature a 200 MW / 800 MWh battery energy storage system, expected to power 84,000 Southern California homes. Fluence will deploy its 4-hour duration Smartstack system, incorporating U.S. domestic content from its partner manufacturing facilities. Construction is slated to begin in 2027, with commercial operation targeted for late 2028, creating over 500 union jobs and generating significant local tax revenue.

Fluence Energy, Inc. announced that John Christopher Shelton resigned from its Board of Directors, effective June 3, 2026, with no disagreements cited. Concurrently, the Board appointed Bernerd Da Santos as a new director, effective the same day. Mr. Da Santos, designated by principal stockholder AES Grid Stability, serves as Chairman of the AES Clean Energy Board and Senior Strategic Advisor to the President of The AES Corporation.

Fluence Energy's selling stockholders completed an underwritten public offering of 23,000,000 Class A common shares at $21.00 per share, generating $483 million for the selling stockholders. The company itself did not sell any shares or receive any proceeds from this offering. Separately, AES Grid Stability redeemed 10,066,414 common units of Fluence Energy, LLC, which Fluence Energy, Inc. settled by issuing an equivalent number of Class A common shares.

Fluence Energy, Inc. announced the pricing of an underwritten public offering of 20,000,000 shares of its Class A common stock by certain controlling stockholders at $21.00 per share. The selling stockholders also granted underwriters an option for an additional 3,000,000 shares. Fluence will not sell any shares or receive any proceeds, as it is a 100% secondary offering. The offering is expected to close on May 15, 2026.

Fluence Energy, Inc. announced the commencement of an underwritten public offering of 20,000,000 shares of its Class A common stock by certain controlling stockholders. The selling stockholders are expected to grant the underwriters a 30-day option to purchase an additional 3,000,000 shares. Fluence Energy itself is not selling any shares in this offering and will not receive any proceeds from the sale. Barclays, Goldman Sachs & Co. LLC, and J.P. Morgan are acting as joint book-running managers for the offering.

Fluence Energy reported a significant increase in total revenue for the three months ended March 31, 2026, reaching $464.9 million, up from $431.6 million in the prior year. The company also narrowed its net loss to $(29.2) million, an improvement from $(41.9) million in the same quarter last year, resulting in a reduced basic loss per share of $(0.16). For the six-month period, total revenue surged to $940.1 million, while net cash used in operating activities increased to $(347.9) million.

Fluence Energy reported its second quarter fiscal year 2026 results, showing improved financial performance with revenue increasing by 7.7% to $464.9 million and a narrowed net loss of $29.2 million. The company also achieved significant operational milestones, including a doubling of order intake to $2.0 billion year-to-date and a record backlog of $5.6 billion. Fluence Energy reaffirmed its fiscal year 2026 guidance for both revenue and Adjusted EBITDA, indicating confidence in continued growth and profitability.

Fluence Energy reported Q2 fiscal year 2026 results with revenue of $464.9 million, a 7.7% increase year-over-year, and an improved GAAP gross profit margin of 10.0%. The company significantly reduced its net loss to $29.2 million and improved Adjusted EBITDA to $(9.4) million. Operational highlights include a doubling of year-to-date order intake to $2.0 billion and a record backlog of $5.6 billion as of March 31, 2026. Fluence also reaffirmed its fiscal year 2026 outlook, projecting revenue between $3.2 billion and $3.6 billion and Adjusted EBITDA between $40.0 million and $60.0 million.

Fluence Energy, Inc. announced it will release its financial results for the first quarter ended March 31, 2026, after market close on Wednesday, May 6, 2026. The company will host a teleconference to discuss these results on Thursday, May 7, 2026, at 8:30 a.m. EST. Analysts are required to register, while general audience participants can join in a listen-only mode via webcast.

Fluence Energy amended its Syndicated Facility Agreement, extending the 'Trigger Date' to December 31, 2026, and maintaining a minimum liquidity covenant of $150 million through the same date. The amendment also delays the initial test date for the consolidated leverage ratio covenant and introduces a cash collateral requirement if revolving credit extensions exceed $450 million, providing the company with continued financial flexibility.