Latest news with #Fluence
Yahoo
3 days ago
- Business
- Yahoo
Fluence Debuts SPYDR 3: Pioneering Fixture Upgrades Output and Efficiency for Cannabis Growers
SPYDR 3 offers precision lighting, uniform canopy control to boost performance for multitier cannabis production AUSTIN, Texas & EINDHOVEN, Netherlands, June 18, 2025--(BUSINESS WIRE)--Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, announced SPYDR 3, the latest generation of the cannabis industry's pioneering fixture. SPYDR 3 features the line's signature design, now with five wattage options that provide exceptional flexibility to growers. With output up to 2,260 μmol/s, efficiency up to 3.0 μmol/J and new spectrum options—including Fluence's BW4a, BW45 and BW5—SPYDR 3 optimizes energy savings while enabling growers to hit desired light levels. "Ten years ago, Fluence introduced a transformative luminaire to the cannabis industry that revolutionized indoor cultivation," said Michiel van Dam, president of Agricultural Lighting at Signify. "Today, SPYDR is the technology of choice for growers seeking maximum yield and quality at the greatest efficiencies in their facilities. With enhanced wattage options, additional research-backed spectra, and versatile sizing, we're not just meeting growers' needs—we're delivering them the lighting technology they need to dominate in their markets." The third-generation SPYDR also features an integrated power supply and sealed lens design, providing a cleanable barrier lens to protect it from the cultivation environment. The fixture's high light intensity options and substantial efficiencies also support growers seeking rebate incentives. Learn more about SPYDR 3 or contact the Fluence team about implementing SPYDR at your facility here. For more information on Fluence, visit About Fluence Fluence Bioengineering, Inc. (Fluence) creates powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is a leading LED lighting supplier in the global cannabis market, committed to enabling more efficient crop production for the world's top greenhouse and indoor growers. Fluence, part of Signify's Agricultural Lighting division, operates in Austin, Texas (Americas), and Eindhoven, Netherlands (EMEA). For more information about Fluence, visit View source version on Contacts Media Contact Emma ChaseRed Fan Communicationsemma@ 512-917-4319 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
FLNC Q1 Earnings Call: Tariffs Drive Guidance Cut as Supply Chain Strategy Tested
Electricity storage and software provider Fluence (NASDAQ:FLNC) announced better-than-expected revenue in Q1 CY2025, but sales fell by 30.7% year on year to $431.6 million. On the other hand, the company's full-year revenue guidance of $2.7 billion at the midpoint came in 15.3% below analysts' estimates. Its non-GAAP loss of $0.19 per share was 12% above analysts' consensus estimates. Is now the time to buy FLNC? Find out in our full research report (it's free). Revenue: $431.6 million vs analyst estimates of $343.5 million (30.7% year-on-year decline, 25.7% beat) Adjusted EBITDA: -$30.41 million vs analyst estimates of -$31.55 million (-7% margin, 3.6% beat) The company dropped its revenue guidance for the full year to $2.7 billion at the midpoint from $3.4 billion, a 20.6% decrease EBITDA guidance for the full year is $10 million at the midpoint, below analyst estimates of $49.82 million Operating Margin: -10.4%, down from -2.5% in the same quarter last year Market Capitalization: $649.7 million Fluence Energy's first quarter results were shaped by rapid changes in the U.S. policy landscape and ongoing supply chain adjustments. CEO Julian Nebreda pointed to earlier-than-anticipated project milestone completions, especially in the Americas and Asia-Pacific, as contributors to revenue for the period. Management emphasized that efficiencies gained from the company's supply chain initiatives allowed it to deliver on key contracts despite a challenging market. Additionally, recurring digital and services revenue continued to show momentum, with annual recurring revenue reaching $110 million. Nebreda was clear that the company's backlog remains robust, ending the quarter at $4.9 billion, and attributed the current margin profile to increased R&D and go-to-market investments, primarily supporting the rollout of its new Smartstack platform. Looking forward, Fluence Energy's full-year guidance reflects significant caution due to new U.S. tariffs on Chinese battery imports and resulting uncertainty for domestic projects. Nebreda explained, 'The change in tariff and trade policy has led to considerable economic uncertainty in global markets,' leading to a mutual pause in U.S. contract execution between Fluence and some customers. Management expects the current contracting slowdown to be temporary, but acknowledged that visibility into the timing of a market rebound is limited. CFO Ahmed Pasha highlighted that the company's revised outlook incorporates both the paused contracts and anticipated tariff-related headwinds, while reaffirming strategic priorities like scaling domestic production and expanding internationally. Nebreda concluded that the company's flexible supply chain and product innovation should position it to recover as the policy environment stabilizes. Management attributed the quarter's financial performance to early project execution, ongoing supply chain initiatives, and the rapid policy shifts impacting the U.S. energy storage market. Product innovation and a diversified backlog were also central themes. Early project milestone delivery: Fluence completed key contract milestones ahead of schedule in the Americas and Asia-Pacific, benefiting from operational efficiencies and helping offset some volume softness in the U.S. Tariff-driven contract pauses: New U.S. tariffs on Chinese batteries (rising from roughly 10% to 155%) introduced substantial uncertainty, prompting Fluence and its customers to pause both signed and pending domestic contracts until the policy environment becomes clearer. Smartstack product rollout: The company's newly launched Smartstack platform received its first customer contract and positive feedback, with management highlighting its modular design, safety features, and lower cost structure compared to previous offerings. International diversification: While U.S. order intake slowed, Fluence's pipeline exceeded $22 billion with about half from international markets, providing some resilience as domestic contracting pauses. Domestic content strategy progress: All six U.S. supply chain partner facilities are now operational or ramping up, allowing Fluence to offer up to 100% non-Chinese products and helping customers qualify for domestic content incentives under the Inflation Reduction Act (IRA). Fluence's guidance is shaped by the impact of tariffs, cautious U.S. market conditions, and a strategic emphasis on international and domestic supply chain flexibility. Tariff and policy uncertainty: Management sees recently enacted tariffs as the primary reason for paused U.S. projects and reduced guidance, with the timeline for resolution dependent on ongoing trade negotiations and customer willingness to commit under current cost structures. Domestic supply chain ramp-up: The success of Fluence's domestic content strategy, including scaling battery module production and blending domestic and imported components, will determine its ability to capture U.S. demand and manage costs if tariffs persist. International growth opportunities: With a growing backlog and pipeline in markets such as Australia and Germany, international project execution and Smartstack adoption are expected to be key drivers as the company seeks to offset U.S. headwinds. In the coming quarters, the StockStory team will watch (1) the resolution of U.S. tariff policy and its impact on paused contracts, (2) the pace of Smartstack adoption and customer feedback in both U.S. and international markets, and (3) the operational ramp-up of domestic cell manufacturing and supply chain partners. Progress in international markets and ongoing cost management will also be critical signposts. Fluence Energy currently trades at a forward P/E ratio of 12.2×. At this valuation, is it a buy or sell post earnings? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Yahoo
27-05-2025
- Business
- Yahoo
Sen. Curtis wants changes to green energy credit cuts in Trump tax bill
Sen. John Curtis, R-Utah, hinted at changes to the Republican-led tax package, particularly on provisions repealing clean energy tax credits that were passed under the Biden administration. In the budget resolution passed last week, which seeks to advance President Donald Trump's agenda on a slew of issues, Republicans approved language to repeal or phase out a number of green energy tax credits previously approved in the Inflation Reduction Act. Those provisions have divided Republicans as some have warned against repealing certain credits that boost energy production. Curtis returned to Utah this week to expand on that message. 'It very clearly is a problem for the future, and I'll say not just of clean energy, but of energy' in general, Curtis told the Deseret News at a press conference in Erda, Tooele County, with Fluence, a clean energy company. While the House-passed budget framework 'dramatically curtailed' many of those green energy tax credits, Curtis said there is a desire among some GOP lawmakers to preserve a handful of incentives in the final text. 'My friends in the House kind of called me up to say, 'Listen, we're counting on you to fix it,'' Curtis said. 'So I think even many of them knew that what they sent over did need some work, and that's now our job in the Senate to put our stamp on that and have it speak for our will.' 'And I think if I have anything to say about it,' he added, 'I'll make sure that we're taking into account our energy future.' The budget proposal, coined as the 'Big Beautiful Bill Act,' would repeal many of the tax credits aimed toward incentivizing businesses to utilize clean energy to address the effects of climate change. That language was tucked into the larger framework by Republicans who lamented that the Inflation Reduction Act was drafted and passed solely by Democrats, demanding it be fully repealed to pave the way for their own party's agenda. However, some Republicans have cautioned against a full repeal of Biden's signature climate bill, warning it could lead to 'significant disruptions' and weaken the United States on the global stage. A group of GOP senators, including Curtis, sent a letter to Senate Majority Leader John Thune, R-S.D., last month to consider 'each existing tax credit' for its ability to spur domestic manufacturing, reduce utility costs, and ensure businesses receive 'meaningful U.S. investments' based on the current tax structure. By doing that, they argued, beneficial credits can be protected while cutting costly programs that don't have substantial support. Curtis said conversations are ongoing about how to address the clean energy credits, noting many of his GOP colleagues 'don't like it because we weren't included in it (and) we didn't get a chance to vote for it.' But he argued the Inflation Reduction Act contains 'a lot of Utah/Republican/conservative principles … that we want to make sure that we make good decisions on.' Those decisions, he argued, are crucial to Trump's desire to be energy dominant. The Senate will begin consideration next week on the Big Beautiful Bill Act, Trump's budget framework advancing policies on border, energy, national defense and tax reform. Republican leaders hope to pass the megabill and have it signed by Trump before the Fourth of July. However, if changes are made in the Senate, it will need to be passed by the House again — which could be easier said than done if any language is stripped out.
Business Wire
15-05-2025
- Business
- Business Wire
King City Gardens Sees Surge in Production Under Fluence LED Technology
AUSTIN, Texas & EINDHOVEN, Netherlands--(BUSINESS WIRE)-- Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis production, today released its latest Innovator Spotlight showcasing King City Gardens, a premier medical and recreational cannabis cultivator in Cincinnati, Ohio. Led by Richard Mursinna, director of operations who holds a doctorate in biochemistry, and Justin Matherly, director of grow operations with 23 years of cultivation experience, the King City Gardens team shares a singular vision to produce the best cannabis at scale. They hit the ground running in 2023, completing the buildout of their 100,000-square-foot facility in just eight months, a feat made possible due to their cumulative experience and extensive planning to secure strains and implement trusted technologies—including Fluence's advanced LED solutions. 'We were intentional about using LEDs right off the bat because of the energy cost savings, the size of our facility and initiatives at the state level to reduce energy use,' Mursinna said. 'Fluence was the tried-and-true partner we were looking for.' Since its inception, King City Gardens has emphasized craft cannabis at scale. The company's range of hand-trimmed flowers are cultivated with genetics from some of the best breeders worldwide and tailored to prioritize high potency, incredible flavor and expressive terpenes. The facility features 25,000 square feet of ultra-modern grow space, including seven double-stacked rooms with roughly 2,000 plants each. 'Using Fluence's VYPR and SPYDR fixtures has significantly enhanced our operation,' Mursinna added. 'Fluence LEDs provide exceptional quality and consistency, helping us meet the growing demands of Ohio's evolving market.' Where most cultivators in Ohio are growing 1,200 pounds each month, King City is shipping nearly double that. They've also seen substantial increases in THC content from 25% to 35% and improved terpene content—reaching up to 6.57%. 'The team is doing everything right. From dialed-in facility SOPs to the genetic variation they are bringing to the market, there are few operations in the world producing such high-quality flower at this kind of scale and with such consistency week in and week out,' said Tim Kiefer, North American sales manager for Fluence. 'We are proud to partner with King City Gardens as they continue to grow and expand.' For more information on Fluence, visit About Fluence Fluence Bioengineering, Inc. (Fluence) creates powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is a leading LED lighting supplier in the global cannabis market, committed to enabling more efficient crop production for the world's top greenhouse and indoor growers. Fluence, part of Signify's Agricultural Lighting division, operates in Austin, Texas (Americas) and Eindhoven, Netherlands (EMEA). For more information about Fluence, visit
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Business Standard
14-05-2025
- Business
- Business Standard
India crucial for innovation, quicker battery storage systems: Fluence exec
Dhanya Rajeswaran talks about the US-based company's Bengaluru location, the largest, fastest-growing hub worldwide, and the only place where it is called the Global Innovation Center S Dinakar Listen to This Article Battery storage systems have become the most critical part of renewable energy, and Fluence is betting on India to drive innovation and create a supply chain for its global battery storage solutions business, says Dhanya Rajeswaran, global vice-president and managing director for India, Fluence, an offspring of Siemens and AES. In a video interview with S Dinakar, she talks about the US-based company's Bengaluru location, the largest, fastest-growing hub worldwide, and the only place where it is called the Global Innovation Center. Edited excerpts: Can you talk about Fluence and its projects in India? AES and Siemens came together in
