Fluence Energy (NASDAQ: FLNC) recently adjusted its fiscal 2026 revenue forecast, decreasing it by approximately $600 million from $3.0 billion to $2.4 billion. Additionally, the company’s expected adjusted EBITDA loss widened from around $10 million to $200 million. This news led to a significant drop in FLNC shares.
Investors who have incurred losses due to this adjustment may be eligible for a review of their losses by Levi & Korsinsky, a law firm investigating potential securities law violations concerning Fluence Energy. The investigation focuses on whether the company made misleading statements about its revenue and backlog conversion capabilities.
Key points of the announcement include:
– Shareholders who lost money are encouraged to submit their information for a no-cost review.
– Background: Fluence reported $1.44 billion in quarterly orders and a record $6.4 billion backlog, which it is struggling to convert into revenue.
– Analysts have reacted by downgrading FLNC and significantly reducing price targets.
For more details and to submit information, investors can contact Joseph E. Levi, Esq., at Levi & Korsinsky by phone or email.
