On August 6, Fluence Energy, Inc. fell 22% in pre-market trading, trading at $11.47/share, with turnover of $799,000.
The decline follows the company's fiscal third-quarter earnings release after market close on August 5, which dramatically missed consensus estimates. The company reported a loss of $(0.24) per share versus the analyst consensus estimate of $0.02, while revenue came in at $600.18 million, falling far short of the $848.17 million estimate. This represents a sharp deterioration from the prior quarter's EPS of -$0.16 and last year's EPS of $0.01.
Notably, the stock had surged over 8% on August 4 ahead of the earnings release, buoyed by optimism around AI data center battery storage demand following its collaboration with Nvidia and Siemens on the DSX Vera Rubin platform power solution. The pre-market decline has now fully erased those gains and extended losses further. The stock had already dropped 14.62% in after-hours trading on August 5 immediately following the results.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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