Latest news with #JulianNebreda
Bloomberg
24-06-2025
- Business
- Bloomberg
Battery CEO Says US Senate's Clean Energy Bill Is ‘Workable'
Battery storage company Fluence Energy Inc. said it can work with US Senate Republicans' latest version of President Donald Trump's fiscal package, which would preserve tax credits for the industry while gutting incentives for wind and solar power. The rules coming out of the Senate bill are 'workable,' Fluence Chief Executive Officer Julian Nebreda said in an interview at Bloomberg headquarters in New York. 'We believe that they are something that we can support.' About 50% of the company's business is in the US, he said.
Yahoo
11-06-2025
- Business
- Yahoo
FLNC Q1 Earnings Call: Tariffs Drive Guidance Cut as Supply Chain Strategy Tested
Electricity storage and software provider Fluence (NASDAQ:FLNC) announced better-than-expected revenue in Q1 CY2025, but sales fell by 30.7% year on year to $431.6 million. On the other hand, the company's full-year revenue guidance of $2.7 billion at the midpoint came in 15.3% below analysts' estimates. Its non-GAAP loss of $0.19 per share was 12% above analysts' consensus estimates. Is now the time to buy FLNC? Find out in our full research report (it's free). Revenue: $431.6 million vs analyst estimates of $343.5 million (30.7% year-on-year decline, 25.7% beat) Adjusted EBITDA: -$30.41 million vs analyst estimates of -$31.55 million (-7% margin, 3.6% beat) The company dropped its revenue guidance for the full year to $2.7 billion at the midpoint from $3.4 billion, a 20.6% decrease EBITDA guidance for the full year is $10 million at the midpoint, below analyst estimates of $49.82 million Operating Margin: -10.4%, down from -2.5% in the same quarter last year Market Capitalization: $649.7 million Fluence Energy's first quarter results were shaped by rapid changes in the U.S. policy landscape and ongoing supply chain adjustments. CEO Julian Nebreda pointed to earlier-than-anticipated project milestone completions, especially in the Americas and Asia-Pacific, as contributors to revenue for the period. Management emphasized that efficiencies gained from the company's supply chain initiatives allowed it to deliver on key contracts despite a challenging market. Additionally, recurring digital and services revenue continued to show momentum, with annual recurring revenue reaching $110 million. Nebreda was clear that the company's backlog remains robust, ending the quarter at $4.9 billion, and attributed the current margin profile to increased R&D and go-to-market investments, primarily supporting the rollout of its new Smartstack platform. Looking forward, Fluence Energy's full-year guidance reflects significant caution due to new U.S. tariffs on Chinese battery imports and resulting uncertainty for domestic projects. Nebreda explained, 'The change in tariff and trade policy has led to considerable economic uncertainty in global markets,' leading to a mutual pause in U.S. contract execution between Fluence and some customers. Management expects the current contracting slowdown to be temporary, but acknowledged that visibility into the timing of a market rebound is limited. CFO Ahmed Pasha highlighted that the company's revised outlook incorporates both the paused contracts and anticipated tariff-related headwinds, while reaffirming strategic priorities like scaling domestic production and expanding internationally. Nebreda concluded that the company's flexible supply chain and product innovation should position it to recover as the policy environment stabilizes. Management attributed the quarter's financial performance to early project execution, ongoing supply chain initiatives, and the rapid policy shifts impacting the U.S. energy storage market. Product innovation and a diversified backlog were also central themes. Early project milestone delivery: Fluence completed key contract milestones ahead of schedule in the Americas and Asia-Pacific, benefiting from operational efficiencies and helping offset some volume softness in the U.S. Tariff-driven contract pauses: New U.S. tariffs on Chinese batteries (rising from roughly 10% to 155%) introduced substantial uncertainty, prompting Fluence and its customers to pause both signed and pending domestic contracts until the policy environment becomes clearer. Smartstack product rollout: The company's newly launched Smartstack platform received its first customer contract and positive feedback, with management highlighting its modular design, safety features, and lower cost structure compared to previous offerings. International diversification: While U.S. order intake slowed, Fluence's pipeline exceeded $22 billion with about half from international markets, providing some resilience as domestic contracting pauses. Domestic content strategy progress: All six U.S. supply chain partner facilities are now operational or ramping up, allowing Fluence to offer up to 100% non-Chinese products and helping customers qualify for domestic content incentives under the Inflation Reduction Act (IRA). Fluence's guidance is shaped by the impact of tariffs, cautious U.S. market conditions, and a strategic emphasis on international and domestic supply chain flexibility. Tariff and policy uncertainty: Management sees recently enacted tariffs as the primary reason for paused U.S. projects and reduced guidance, with the timeline for resolution dependent on ongoing trade negotiations and customer willingness to commit under current cost structures. Domestic supply chain ramp-up: The success of Fluence's domestic content strategy, including scaling battery module production and blending domestic and imported components, will determine its ability to capture U.S. demand and manage costs if tariffs persist. International growth opportunities: With a growing backlog and pipeline in markets such as Australia and Germany, international project execution and Smartstack adoption are expected to be key drivers as the company seeks to offset U.S. headwinds. In the coming quarters, the StockStory team will watch (1) the resolution of U.S. tariff policy and its impact on paused contracts, (2) the pace of Smartstack adoption and customer feedback in both U.S. and international markets, and (3) the operational ramp-up of domestic cell manufacturing and supply chain partners. Progress in international markets and ongoing cost management will also be critical signposts. Fluence Energy currently trades at a forward P/E ratio of 12.2×. At this valuation, is it a buy or sell post earnings? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Yahoo
22-04-2025
- Business
- Yahoo
Fluence Releases Fiscal Year 2024 Sustainability Report
Report highlights implementation of responsible sourcing framework, including the assessment of 844 suppliers, as well as progress on other sustainability efforts ARLINGTON, Va., April 22, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage, services, and asset optimization software, today released its fiscal year 2024 Sustainability Report (the 'Report'), covering the period from October 1, 2023, to September 30, 2024. A key highlight of the Report is the implementation of a responsible sourcing framework. This initiative, which is part of Fluence's broader commitment to sustainability and ethical business practices, involves substantial investments to support fair labor practices and prevent the use of conflict minerals throughout its supply chain. Now in its third year, the Report outlines Fluence's progress across a wide range of environmental, social, and governance (ESG) initiatives and presents the Company's multi-year sustainability roadmap, which includes plans to further reduce embodied carbon in products, implement circular economy principles, and strengthen community engagement, along with several additional focus areas. 'When I think about where Fluence stands today, one word comes to mind: momentum,' said Fluence President and CEO Julian Nebreda. 'Over the past year, we have advanced our sustainability efforts in ways that reflect both program maturity and ambition. It is clear that our progress is no longer about laying the groundwork—it is about driving meaningful change at scale to generate the most value for our customers, shareholders, partners, employees, and communities.' Highlights from the 2024 Sustainability Report include: Submission of Fluence's first Carbon Disclosure Project (CDP) climate disclosure, following its first Task Force on Climate-Related Financial Disclosures (TCFD) report in 2023. Completion of the company's Communication on Progress (CoP) as a signatory to the United Nations Global Compact (UNGC) within the first year of joining. Expansion of greenhouse gas (GHG) emissions measurement to include nearly all applicable Scope 3 categories, along with offsets for Scope 1 emissions. Fluence's sustainability strategy is aligned with the UNGC Ten Principles and supports several United Nations Sustainable Development Goals. The Report is informed by the Sustainability Accounting Standards Board (SASB) Fuel Cells & Industrial Batteries standard, references the Global Reporting Initiative (GRI), and aligns with TCFD recommendations. To download the Fluence fiscal year 2024 Sustainability Report, visit Fluence's website. About FluenceFluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog. Forward-Looking StatementsThe statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our future business expectations, plans and objectives and our sustainability plans, goals, initiatives, and programs. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as 'may,' 'possible,' 'will,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'intends,' 'targets,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'commits', or 'continue' or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, regulatory changes in jurisdictions in which we operate and other factors set forth under Item 1A. 'Risk Factors' in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission ('SEC') on November 29, 2024, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. ESG ContactScott R. Miller, Sustainability Program Senior ManagerEmail: esg@ Media Contact Shayla Ebsen, Director of Communications Email: Phone: +1 (605) 645-7486 Analyst Contact Lexington May, Vice President of Investor Relations and SustainabilityEmail: investorrelations@ +1 (713) 909-5629Sign in to access your portfolio
