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."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on FLNC:
- Fluence Energy, Inc. Reports First Quarter Fiscal 2023 Results
- Fluence Mosaic Optimises Global Power Generation (GPG)’s ACT Battery
- Fluence Energy, Inc. Announces First Quarter 2023 Earnings Release Date, Conference Call and Webcast
- Know Who to Follow! Here are the Top 10 U.S. Analysts of 2022, According to TipRanks
- Roman Loosen Joins Fluence as Senior Vice President, Chief Business Operations and Transformation Officer to Oversee Operational Excellence
