Why These Energy Stocks Are Losing This Week

2. Fluence Energy, Inc. (NASDAQ:FLNC) 

Share Price Decline Between Feb. 3 and Feb. 10: 41.08%

Fluence Energy, Inc. (NASDAQ:FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage.

Fluence Energy, Inc. (NASDAQ:FLNC) plunged after reporting mixed results for Q1 2026 on February 4, with the company’s loss of $0.34 per share falling below expectations by $0.13. The energy storage provider’s net loss for the quarter also widened by 10% YoY to $62.6 million, while its adjusted EBITDA came in at negative $52.1 million, compared to negative $49.7 million a year ago.

Fluence’s profitability metrics also fell sharply, with gross profit margin slumping to 4.9% from 11.4% in Q1 2025, and adjusted gross profit margin falling to 5.6% from 12.5%. According to the company, the gross margins were impacted by the ‘additional estimated costs on two projects’ and ‘the lower weighting of annual revenue while fixed overhead costs are distributed relatively evenly across the year’.

That said, Fluence Energy, Inc. (NASDAQ:FLNC)’s revenue for Q1 2026 grew by 154% YoY to $475.23 million, beating forecasts by almost $10 million. Moreover, the company reaffirmed its FY 2026 revenue guidance of $3.2 billion–$3.6 billion, consistent with expectations. It also maintained its adjusted EBITDA forecast of $40 million-$60 million. Moreover, Fluence reported signing over $750 million in new orders during the quarter, bringing its total backlog to a historic high of around $5.5 billion.

Following the mixed Q1 report, Mizuho reduced its price target on Fluence Energy, Inc. (NASDAQ:FLNC) from $15 to $13 on February 6, while keeping its ‘Underperform’ rating on the shares. On the same day, Susquehanna analyst Charles Minervino also reduced the firm’s price target on FLNC from $30 to $27, but maintained a ‘Positive’ rating on the shares.