Fluence Energy reports Q EPS 1c, consensus (13c)

Reports Q3 revenue $483.30M, consensus $423M.”We delivered a tremendous quarter highlighted by achieving approximately $15.6M Adjusted EBITDA, our highest order intake, and a record backlog of $4.5 B” said Julian Nebreda, the Company’s President and Chief Executive Officer. “I am pleased to report that we are seeing robust demand globally, highlighted by our U.S. domestic content offering which we will begin delivering at the beginning of 2025, ahead of our competition.” “We continue to execute at a high level as we recently completed the world’s third largest battery storage facility for a customer, a monumental achievement. As we look to close out our fiscal year, I am confident in our ability to deliver on our fourth quarter customer obligations, which are projected to be the largest in the Company’s history.”Mr. Nebreda continued, “I am delighted to report that we are making substantial progress on each of our strategic objectives detailed below.”