I believe I have heard that the Finnex is a very good LED light for planted tanks, so before you exchange it, it might be best to look at other possible factors. BTW, if memory serves me correctly, one of our members, AbbeysDad, has this Finnex light and is very pleased, so if he doesn't see this thread and comment, send him a PM invite.
Light drives photosynthesis, but if adequate nutrients are not available, the plants cannot use the light. Algae usually takes over as it is much less fussy about light or nutrients, and while the naturally-occurring nutrients (from fish and fish foods and water changes) may be insufficient for plants, algae will manage. Knowing your GH (general hardness, a source of the "hard" mineral macronutrients like calcium), fish load, plant species and any plant additives will help identify possible issues.
Byron.