Core Viewpoint - Fluence Energy, Inc. is facing allegations of issuing materially false and misleading statements regarding its business operations and financial performance during the class period from October 28, 2021, to February 10, 2025 [1] Allegations - The complaint claims that Fluence's relationship with its major revenue sources, Siemens AG and The AES Corporation, was expected to decline [1] - Siemens Energy, a U.S. affiliate of Siemens AG, accused Fluence of engineering failures and fraud [1] - Fluence's reported margins and revenue growth were allegedly inflated as Siemens and AES were moving towards divestment [1] - Due to these issues, the defendants reportedly lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial outlook [1] Class Action Details - Shareholders who purchased FLNC shares during the specified class period are encouraged to register for the class action by May 12, 2025 [2] - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2] - There is no cost or obligation for shareholders to participate in this case [2]

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business relationships and financial performance during the specified class period [3]. Group 1: Allegations - The lawsuit claims that Fluence's relationship with its founders and major revenue sources, Siemens AG and The AES Corporation, was expected to decline [3]. - Siemens Energy, a U.S. affiliate of Siemens AG, has accused Fluence of engineering failures and fraud [3]. - The complaint asserts that Fluence's reported margins and revenue growth were inflated as Siemens and AES were moving towards divestment [3]. - It is alleged that the defendants lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial results, growth, and prospects [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as October 28, 2021, to February 10, 2025 [3]. - Shareholders who purchased FLNC shares during this period are encouraged to register for the class action, with a deadline set for May 12, 2025 [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [4].

Core Viewpoint - Fluence Energy, Inc. is facing securities class action lawsuits due to alleged failure to disclose material information during the class period from October 28, 2021, to February 10, 2025, which has led to significant financial losses for investors [1][3]. Financial Performance - For Q1 2025, Fluence reported a net loss of $57 million, or $0.32 per share, compared to a loss of $25.6 million, or $0.14 per share, in the same period the previous year [4]. - Revenues decreased by 49% year-over-year to $186.8 million, and the company lowered its revenue guidance for fiscal year 2025 to a range of $3.1 billion to $3.7 billion, down from a prior outlook of $3.6 billion to $4.4 billion [4]. - Following the announcement of these results, Fluence's share price dropped by $6.07, or 46.44%, closing at $7.00 per share on February 11, 2025 [4]. Legal Context - The lawsuits allege that Fluence and certain executives violated federal securities laws by failing to disclose material information during the class period [3]. - The first-filed case is Abramov v. Fluence Energy, Inc., et al., and a subsequent case, Kramer v. Fluence Energy, Inc., expanded the class period [5]. Company Background - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm, ranked among the top 10 firms nationally based on total settlement value [5]. - The firm represents a variety of clients, including public and private institutional investors, in seeking recoveries for investment losses due to corporate fraud or malfeasance [5].

Core Insights - Fluence Energy, Inc. released its fiscal year 2024 Sustainability Report, highlighting its commitment to responsible sourcing and sustainability initiatives [1][2][3] Group 1: Sustainability Initiatives - The report outlines Fluence's progress in environmental, social, and governance (ESG) initiatives, including a multi-year sustainability roadmap aimed at reducing embodied carbon and implementing circular economy principles [2][3] - Fluence's sustainability strategy aligns with the UNGC Ten Principles and supports several United Nations Sustainable Development Goals, informed by the SASB Fuel Cells & Industrial Batteries standard and referencing the GRI [4] Group 2: Company Performance and Goals - Fluence's President and CEO emphasized the company's momentum in sustainability efforts, indicating a shift from groundwork to driving meaningful change at scale [3] - The company has submitted its first Carbon Disclosure Project (CDP) climate disclosure and expanded greenhouse gas emissions measurement to include nearly all applicable Scope 3 categories [8]

Core Viewpoint - Rosen Law Firm is reminding purchasers of Fluence Energy, Inc. common stock about a class action lawsuit with a lead plaintiff deadline of May 12, 2025, for those who bought shares between November 29, 2023, and February 10, 2025 [1][2]. Group 1 - Investors who purchased Fluence common stock during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [3][6]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. Group 2 - The lawsuit alleges that during the Class Period, Fluence made false or misleading statements regarding its business relationships and financial performance, particularly concerning its ties with Siemens AG and The AES Corporation [5]. - Specific claims include that Fluence's revenue growth was inflated and that there were accusations of engineering failures and fraud from Siemens Energy, leading to a lack of reasonable basis for positive statements about Fluence's business prospects [5].

Core Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for alleged violations of securities laws during the Class Period from October 28, 2021, to February 10, 2025, claiming that the company made misleading statements regarding its business and financial condition [1][3]. Company Overview - Fluence Energy, Inc. is a global provider of battery-based energy storage products and services, as well as AI-enabled digital applications for renewable energy storage. It operates as a holding company through Fluence Energy, LLC, which was established in 2018 as a joint venture between AES and Siemens [2]. Allegations in the Lawsuit - The lawsuit alleges that Fluence made false or misleading statements by failing to disclose significant issues, including: - Defective design and operational issues with a material portion of its energy storage products [3]. - Inadequate responses to known product defects and installation errors, along with unfulfilled warranty obligations [3]. - Overstated efficacy and safety of its energy storage products and the ability to deliver projects satisfactorily [3]. - Resulting inflated financial metrics, including adjusted EBITDA and gross profit margins [3]. - Exposure to undisclosed risks of reputational and financial harm due to these issues [3]. Impact on Stock Price - Following the revelation of these deficiencies, Fluence's stock price plummeted over 80%, dropping from highs of more than $39 per share to approximately $6 per share by the end of the Class Period [4]. Next Steps for Investors - Investors who purchased Fluence Class A stock during the Class Period have until May 12, 2025, to apply to serve as lead plaintiff in the class action [5].

Core Viewpoint - A class action securities lawsuit has been filed against Fluence Energy, alleging securities fraud that negatively impacted investors between October 28, 2021, and February 10, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Fluence Energy made false statements and concealed critical information regarding its relationships with major revenue sources, Siemens AG and The AES Corporation, which were expected to decline [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which undermined the company's credibility [2]. - The complaint states that Fluence's reported margins and revenue growth were artificially inflated as Siemens and AES were moving towards divestment [2]. - Due to these factors, the defendants are said to have lacked a reasonable basis for their positive statements about Fluence's battery energy storage business and its financial outlook [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until May 12, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].

Core Viewpoint - A lawsuit has been filed against Fluence Energy, Inc. and its senior executives for potential violations of federal securities laws, alleging misrepresentation of the company's competitive position and financial performance [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, titled Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until May 12, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Fluence Energy - Fluence Energy is accused of misrepresenting its sales pipeline and backlog of orders, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4][5]. - A report by Blue Orca Capital revealed that Siemens Energy, a major revenue source for Fluence, filed a lawsuit against the company for misrepresentations and fraud [5]. Group 3: Financial Performance - In Q1 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, leading to a 46% decline in stock price to $7.00 per share [6]. - The company attributed the revenue decline to customer-driven delays in contract signings and competitive pressures, prompting a lowered revenue outlook for the fiscal year 2025 [6].

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit for potential violations of federal securities laws, with allegations of misrepresentation regarding its business practices and financial health [1][3][4]. Company Overview - Fluence Energy operates in the battery storage sector, providing energy storage products, delivery services, and digital solutions for power assets [3]. - The company has been accused of presenting an overly optimistic view of its competitive position and future prospects [3]. Legal Developments - A class action lawsuit has been filed against Fluence Energy and its senior executives, with investors urged to submit their losses by May 12, 2025 [2][3]. - The lawsuit claims that Fluence misrepresented the strength of its sales pipeline and order backlog, while concealing a slowdown in sales and earnings growth [4]. Financial Performance - Fluence's financial troubles became public on February 22, 2024, when a report from short seller Blue Orca Capital revealed a lawsuit from Siemens Energy, alleging misrepresentation and fraud [5]. - Following the report, Fluence's shares dropped by 13%, closing at $14.73 [5]. - On February 10, 2025, Fluence reported a net loss of $57 million, or $0.32 per share, for Q1 2025, with revenues down 49% year-over-year, leading to a 46% drop in stock price to $7.00 [6]. Investigative Actions - Hagens Berman is investigating Fluence Energy's financial disclosures and accounting practices, focusing on whether the company misled investors about material risks related to its partnerships with Siemens and AES [7]. - The investigation is prompted by significant investor losses and serious questions regarding the accuracy of Fluence's financial reporting [8].

Core Viewpoint - A lawsuit has been filed against Fluence Energy, Inc. and its senior executives for potential violations of federal securities laws, alleging misrepresentation of the company's competitive position and financial performance [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, titled Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until May 12, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Fluence Energy specializes in energy storage products and solutions, delivery services, operational and maintenance services, and digital applications for energy storage and power assets [3]. Group 3: Allegations and Financial Impact - Allegations include that Fluence Energy misrepresented its sales pipeline and backlog, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4]. - A report by Blue Orca Capital revealed that Siemens Energy, a major revenue source, filed a lawsuit against Fluence Energy for misrepresentations and fraud, contributing to a significant decline in stock value [5]. - Following the release of Q1 2025 financial results, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues down 49% year-over-year, leading to a 46% drop in stock price to $7.00 per share [6].