Core Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for alleged violations of securities laws, with claims that the company made false and misleading statements regarding its financial performance and relationships with key partners [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Fluence's securities between November 29, 2023, and February 10, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Fluence - The complaint alleges that Fluence made false and misleading statements to the market, particularly regarding its revenue growth and profit margins [4]. - There are claims that the relationship between Fluence and its major partners, Siemens AG and The AES Corporation, has deteriorated [4]. - Siemens Energy has accused Fluence of fraudulent activities and engineering failures, contributing to the misleading public statements [4].

Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for allegedly misleading investors regarding the company's financial health and relationships with key partners [1][2]. Group 1: Allegations and Claims - The lawsuit claims that Fluence Energy made false or misleading statements about its business relationships, particularly with Siemens AG and The AES Corporation, suggesting these relationships were stable when they were actually declining [2]. - It is alleged that Siemens Energy accused Fluence Energy of engineering failures and fraud, which was not disclosed to investors [2]. - The complaint states that Fluence Energy's reported margins and revenue growth were inflated due to the impending divestment by Siemens and AES, leading to a lack of reasonable basis for the company's positive statements about its battery energy storage business [2]. Group 2: Investor Actions - Investors who acquired shares of Fluence Energy during the specified class period are encouraged to contact the law firm representing the class action before the lead plaintiff motion deadline on May 12, 2025 [3].

Core Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for allegedly misleading investors regarding its corporate relationships and accounting practices during the specified class period [1][2]. Company Overview - Fluence Energy, Inc. specializes in energy storage products and solutions, including delivery services, operational and maintenance services, and digital applications for energy storage and power assets [1]. Allegations - The lawsuit claims that Fluence failed to disclose critical information about its relationships with major revenue sources, Siemens AG and The AES Corporation, which were reportedly declining [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, and that Fluence's reported margins and revenue growth were inflated due to these relationships [2]. - The defendants are said to have lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and financial outlook [2]. Financial Performance - On February 10, 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 quarter the previous year [3]. - Revenues for the first quarter fell 49% year-over-year to $186.8 million [3]. - Fluence revised its fiscal year 2025 revenue guidance down to a range of $3.1 billion to $3.7 billion, from a previous outlook of $3.6 billion to $4.4 billion, citing customer-driven delays and competitive pressures [3]. - Following the announcement, Fluence's stock price dropped by $6.07 per share, or 46.44%, closing at $7.00 per share on February 11, 2025 [3].

Core Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for alleged securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves claims that Fluence and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors who purchased Fluence securities during the Class Period have until May 12, 2025, to request to be appointed as Lead Plaintiff [3]. Group 2: Financial Performance and Market Reaction - On February 10, 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, for the same period in the prior year [5]. - Revenues for Fluence fell 49% year-over-year to $186.8 million, and the company lowered its fiscal year 2025 revenue guidance to a range of $3.1 billion to $3.7 billion from a prior outlook of $3.6 billion to $4.4 billion [5]. - Following the financial results announcement, Fluence's stock price dropped $6.07 per share, or 46.44%, closing at $7.00 per share on February 11, 2025 [5]. Group 3: Background Information - A report by Blue Orca Capital revealed that Siemens and AES had been divesting their interest in Fluence, and Siemens Energy filed a lawsuit against Fluence in November 2023 for misrepresentations and fraud [3]. - The report indicated that Fluence's sales and earnings growth were largely due to aggressive revenue pull-forwards and selective earnings adjustments, leading to unreliable reported revenues [3]. - On February 22, 2024, Fluence's stock price fell $2.28 per share, or 13.43%, closing at $14.73 per share following the news of the divestment and lawsuit [4].

NEW YORK, March 12, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Fluence Energy, Inc. (“Fluence” or “the Company”) (NASDAQ: FLNC) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Fluenc ...

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of common stock of Fluence Energy, Inc. for the period between November 29, 2023, and February 10, 2025, due to alleged misleading statements and undisclosed information regarding the company's financial health and relationships with key partners [1][5]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Fluence made false and/or misleading statements and failed to disclose critical information about its relationships with Siemens AG and The AES Corporation, which were expected to decline [5]. - Allegations include that Siemens Energy accused Fluence of engineering failures and fraud, and that Fluence's reported margins and revenue growth were inflated as Siemens and AES were moving to divest [5]. - The lawsuit asserts that the defendants lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and financial prospects, leading to investor damages when the truth was revealed [5]. Group 2: Participation Information - Investors who purchased Fluence common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6].

Core Points - Fluence Energy, Inc is under investigation for potential securities fraud and unlawful business practices [1] - For Q1 FY 2025, Fluence reported a net loss of $57 million, a significant increase from a loss of $25.6 million in the same period last year, with revenues down 49% year-over-year to $186.8 million [2] - The company has revised its revenue guidance for FY 2025 to a range of $3.1 billion to $3.7 billion, down from a previous estimate of $3.6 billion to $4.4 billion, due to delays in contract signings in Australia and expectations of lower revenue and gross margins on new contracts [2] - Following the announcement of these results, Fluence's stock price dropped by $6.07, or 46.44%, closing at $7.00 per share on February 11, 2025 [3]

Core Points - Cordelio Power and Fluence Energy have announced a partnership to supply 1 GWh of battery storage systems across three projects starting in 2026, utilizing domestically manufactured components [1][2] - The collaboration aims to enhance U.S. energy security and support local economies by creating jobs and reducing electricity costs [1][2] - Fluence is focused on building a resilient supply chain to meet the rising demand for large-scale battery storage systems, with an emphasis on domestic production [3] Company Overview - Fluence Energy, Inc. is a global leader in intelligent energy storage and optimization software, with projects contracted and managed across nearly 50 markets [4] - Cordelio Power is an independent renewable power producer managing over 1,400 MW of operating assets and a growth pipeline of over 22,000 MW in wind, energy storage, and solar projects [6]

Core Insights - Berman Tabacco is investigating potential securities law violations by Fluence Energy, Inc., a provider of energy storage products and services [1] Investigation Details - On February 22, 2024, Blue Orca Capital issued a report indicating a short position on Fluence, leading to a share price decline of $2.28, or 13% [2] - On February 10, 2025, Bloomberg reported that Fluence's shares plunged 41% in post-market trading after the company cut its total revenue guidance for the year below Wall Street estimates, with total revenues missing analyst expectations and a larger than expected loss reported in the first quarter [2]

Core Viewpoint - Fluence Energy's shares dropped 48.7% following disappointing fiscal Q1 earnings and a reduction in revenue guidance, leading to multiple downgrades from Wall Street analysts [1][2][5]. Financial Performance - In fiscal Q1, Fluence reported revenue of $187 million, missing estimates by $186 million, and a loss per share of ($0.32), which was $0.14 below expectations. This revenue figure represents a 49% decline from the same quarter last year [2]. - The company has revised its full-year 2025 revenue outlook to a range of $3.1 billion to $3.7 billion, down from a previous estimate of $3.6 billion to $4.4 billion. Adjusted EBITDA guidance was also lowered to $70 million to $100 million from $160 million to $200 million [3]. Management Insights - Management attributed the disappointing results to customer delays in contract signings and competitive pressures. However, they highlighted a strong outlook for utility-scale solar battery storage globally and interest in Fluence's U.S. content product, supported by a backlog of $5.1 billion [4]. Analyst Reactions - Following the earnings report, UBS downgraded Fluence from Buy to Neutral, lowering the price target from $28 to $8. Wolfe Research downgraded from Outperform to Peer Perform, citing potential gross margin declines. Roth Capital also cut its rating to Neutral with a price target of $6.50 [5]. Market Position - Fluence's market capitalization has decreased to $1.17 billion, which may appear attractive given the projected revenue of approximately $3.4 billion, even with the revised guidance. However, the company is still experiencing cash burn, suggesting caution for potential investors [6].