Fluence Energy, Inc. (NASDAQ: FLNC), a global leader in energy storage solutions, saw its stock price plunge more than 25% in after-hours trading on Monday following the release of its first quarter fiscal 2025 results and lowered full-year guidance.

The company reported revenue of $186.8 million for the first quarter, down 49% from the same period last year and significantly below analysts' expectations of $380.3 million. Fluence Energy also posted a net loss of $57 million, or $0.32 per share, missing the consensus estimate of a $0.17 loss per share.

More concerning for investors, the company lowered its fiscal year 2025 revenue guidance range to $3.1 billion to $3.7 billion, down from its previous guidance of $3.6 billion to $4.4 billion. Fluence Energy cited delays in signing certain contracts, primarily in Australia, as the primary reason for the reduced outlook. The company also lowered its fiscal 2025 Adjusted EBITDA guidance range to $70 million to $100 million, down from $160 million to $200 million previously, due to the expected lower revenue and gross margins.