Energy
Battery Company Fluence Plunges as Tariffs Curb Projects
Fluence Energy Advancion 5 batteries at the Alamitos battery energy storage system in Long Beach, California.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
Fluence Energy Inc. shares fell as much as 28% in late trading after the company lowered its full-year guidance, citing the pause of certain US projects due to tariff policy.
The Arlington, Virginia-based battery company lowered its total fiscal year 2025 revenue to between $2.6 billion and $2.8 billion, down from between $3.1 billion and $3.7 billion. The company and its customers decided to pause US projects under existing contracts, as well as other contract decisions, in light of tariff uncertainty, according to a filing.