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Equity Bottom-Up

<p>Fluence has announced financial close on its Ivory Coast project. While there was little doubt this would be achieved at some point, it reduces uncertainty and enables at least US$20m in revenue to be recognised for work already completed. The precise timing of this revenue recognition is still unclear. Apportioning some or all of the US$20m to Q419 would significantly boost Fluence’s chances of delivering Q419 guidance (EBITDA profitability).</p>

Fluence has announced financial close on its Ivory Coast project. While there was little doubt this would be achieved at some point, it reduces uncertainty and enables at least US$20m in revenue to be recognised for work already completed. The precise timing of this revenue recognition is still unclear. Apportioning some or all of the US$20m to Q419 would significantly boost Fluence’s chances of delivering Q419 guidance (EBITDA profitability).

Fluence Corporation  - Financial close for Ivory Coast