Fluence Energy cuts FY25 revenue view to $3.1B-$3.7B from $3.6B-$4.4B

Consensus $3.91B. Cuts FY25 adjusted EBITDA view to $70M-$100M from $160M-$200M. The company said, “The Company is lowering its fiscal year 2025 total revenue guidance range to $3.1 billion to $3.7 billion from its prior guidance of $3.6 billion to $4.4 billion. The $600 million reduction in revenue from the previous midpoint is primarily due to the timing of certain contracts in Australia that the Company now expects to sign later this year. The $3.4 billion midpoint of the revenue guidance range is approximately 85% covered by the current backlog plus revenue recognized year-to-date. Additionally, the Company is lowering its fiscal year 2025 Adjusted EBITDA range to $70 million to $100 million. The decrease in Adjusted EBITDA is primarily driven by lower expected revenue and lower expected gross margins on recently signed contracts. Finally, the Company is reaffirming its fiscal year 2025 annual recurring revenue guidance of approximately $145 million.”