On May 6, 2026, Fluence Energy projected fiscal 2026 revenue between $3.2 billion and $3.6 billion, with adjusted EBITDA reaching up to $60 million. Chief Financial Officer Ahmed Pasha bolstered this outlook on May 7, citing strong visibility and production tracking as planned. By September 16, however, the company slashed revenue expectations to $2.4 billion and reported an adjusted EBITDA loss of $200 million.

Fluence attributed the shortfall to supply-chain issues and delays at its Houston contract-manufacturing facility. The omission of Houston-based constraints in earlier disclosures, despite management's previous confidence, has prompted law firm Levi & Korsinsky LLP to launch an investigation into whether the company provided misleading information to shareholders. Investors who purchased Fluence stock before the mid-September disclosure and subsequently incurred losses may be eligible to participate in a potential class action claim.