** Fluence Energy's FLNC.O shares plunge 48.3% to $6.76 after dour qtrly report

** FLNC shares set for record daily pct decline, hit lowest since May 2022

** Renewable energy storage provider late Mon posted fiscal Q1 loss of 32 cents/sh vs 14 cents/sh loss a year ago. Analysts on avg expected reported loss of 17 cents/sh, per LSEG

** Rev in qtr fell 49% y/y to $186.8 mln, well below consensus of $380.3 mln

** Arlington, Virginia-based firm lowered 2025 rev guidance to $3.1-$3.7 bln from $3.6-$4.4 bln, primarily due to timing of certain contracts in Australia now expected to be signed later this year

** "We have experienced customer-driven delays in signing certain contracts that, coupled with competitive pressures, result in the need to lower our fiscal year 2025 outlook," CEO Julian Nebreda said in statement

** Reacting to the news, BMO cuts rating to 'market perform' from 'outperform' and slashes PT from $22 to $10; Guggenheim double downgrades to 'sell' from 'buy' and hacks PT from $26 to Street-low $6

** Of 23 analysts covering FLNC, recommendation breakdown is 15 "strong buy" or "buy", 7 "hold" and 1 "strong sell"; median PT is $23 - LSEG

** FLNC shares lost a third of their value in 2024

(Lance Tupper is a Reuters market analyst. The views expressed are his own))

((lance.tupper@tr.com 1-646-279-6380))