Fluence Energy Shares Rise 32% on Backlog

Fluence Energy reported Q2 revenue of $464.9 million, up 7.7% YoY but missing consensus of $628.46 million.
Adjusted EPS was -$0.16 in line with estimates; adjusted EBITDA improved to -$9.4 million from -$30.4 million a year earlier.
Order intake doubled to $2.0 billion YTD, raising backlog to record $5.6 billion and sparking a 32% after‑hours stock surge.
Company reaffirmed FY2026 revenue $3.2‑$3.6 billion, EBITDA $40‑$60 million, signed supply deals with two hyperscalers, and holds $900 million liquidity.