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Fluence Energy reports Q1 EPS (21c), consensus (26c)

Reports Q1 revenue $310.5M, consensus $320.2M. CEO Julian Nebreda said "We delivered a strong quarter highlighted by our robust order intake complemented by our improvements in gross margin. We continue to see growing demand for our solutions and have improved our visibility in our supply chain that gives us the confidence necessary to raise our financial guidance for fiscal 2023. Furthermore, we are seeing early signs of incremental activity from our customers in the United States as a result of the Inflation Reduction Act that we believe will start to materialize in the second half of the year."

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