Fluence Energy has significantly lowered its financial guidance for fiscal year 2026, citing persistent supply chain issues and production ramp-up delays at its U.S. contract manufacturing facility. To address these operational challenges, the company has appointed former board member Bernerd Da Santos as its new Executive Vice President and Chief Operating Officer and terminated its Chief Product Officer.
Key Details
- Revised FY2026 Guidance: Revenue is now projected at approximately $2.4 billion (down from ~$3.0 billion), and the Adjusted EBITDA loss is expected to be ~$200.0 million (previously a loss of ~$10.0 million).
- Management Changes: Bernerd Da Santos was appointed EVP and COO, effective September 15, 2026. He previously held senior operational roles at The AES Corporation. Peter Williams, former SVP and Chief Product Officer, was terminated effective September 11, 2026.
- New COO Compensation: Mr. Da Santos will receive an annual base salary of $650,000, a $700,000 sign-on cash bonus, and equity awards for fiscal year 2027 valued at a minimum of $2.2 million.