Core Viewpoint - A class action securities lawsuit has been filed against Fluence Energy, Inc. for alleged securities fraud affecting investors between October 28, 2021, and February 10, 2025 [1][2] Group 1: Allegations - The lawsuit claims that Fluence Energy made false statements regarding its relationships with major revenue sources, Siemens AG and The AES Corporation, suggesting these relationships were set to decline [2] - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which was not disclosed to investors [2] - The complaint states that Fluence's reported margins and revenue growth were inflated due to the impending divestment by Siemens and AES [2] - 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 period 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 history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4]

Financial Data and Key Metrics Changes - The company reported approximately $432 million in revenue for Q2 2025, exceeding expectations due to faster project milestone achievements [9][30] - Adjusted gross profit was $45 million, resulting in an adjusted gross profit margin of approximately 10.4%, marking the seventh consecutive quarter of double-digit margins [30] - Annual recurring revenue (ARR) increased to $110 million, with a revised guidance for ARR of $145 million [9][32] Business Line Data and Key Metrics Changes - The backlog at the end of the quarter was approximately $4.9 billion, including $200 million in contracts added during the quarter [9][20] - The company anticipates a strong ramp-up in order volume, particularly in Australia, as it enters the second half of the fiscal year [9][10] Market Data and Key Metrics Changes - The U.S. electricity demand is projected to grow by 11% through 2030, indicating a significant increase in annual energy storage capacity [14] - Battery storage capacity in Australia is expected to reach 51 gigawatt hours by February 2030, up from 7 gigawatt hours in 2024 [15] Company Strategy and Development Direction - The company is focused on its SmartStack technology and U.S. domestic content strategy to create value for stakeholders [21][22] - The domestic content strategy aims to meet local manufacturing requirements under the Inflation Reduction Act (IRA), providing tariff incentives and creating jobs [25][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth prospects for energy storage despite current tariff-related uncertainties [11][39] - The company believes that the high tariff levels on Chinese imports are unlikely to be sustainable and expects a return to normalized contracting activity in the U.S. market [12][39] Other Important Information - The company ended the quarter with over $1 billion in liquidity, including $610 million in cash, providing a strong financial foundation [10][32] - The revised guidance for fiscal 2025 reflects a lower revenue expectation due to tariff impacts, with a midpoint guidance of $2.7 billion [34][36] Q&A Session Summary Question: Clarification on AESC ramp and capacity - Management clarified that the Tennessee facility has two lines, each with a capacity of 3 to 3.5 gigawatt hours, allowing for a combined annualized run rate of 12 gigawatt hours through a mix of domestic and imported batteries [45][48] Question: Mix of contracts in pause state - Approximately half of the $700 million in paused contracts were already in backlog, while the other half were under advanced negotiations [97][98] Question: Domestic content strategy and customer willingness - Management indicated that customers are hesitant to commit to fully domestic offerings due to uncertainty around future tariff negotiations with China [109][111] Question: Competitive landscape and tariff impacts - The competitive landscape remains intense, with management noting that uncertainty has made it difficult to gauge competition levels [70][71] Question: Global alternative cell supply situation - Management acknowledged that while there is some production outside of China, the majority of cell production still comes from China, making diversification challenging [76][78]

Financial Data and Key Metrics Changes - The company reported approximately $432 million in revenue for Q2 2025, exceeding expectations due to earlier-than-expected project milestone deliveries [7][28] - Adjusted gross profit was $45 million, resulting in an adjusted gross profit margin of approximately 10.4%, marking the seventh consecutive quarter of double-digit margins [28] - The annual recurring revenue (ARR) increased to $110 million, with a revised guidance for ARR set at $145 million [7][30] Business Line Data and Key Metrics Changes - The backlog at the end of the quarter was approximately $4.9 billion, including $200 million in contracts added during the quarter [7][18] - The company anticipates a strong ramp-up in order volume, particularly in Australia, as it enters the second half of the fiscal year [7][10] Market Data and Key Metrics Changes - The U.S. electricity demand is projected to grow by 11% through 2030, indicating a significant increase in annual energy storage capacity [12] - Battery storage in Australia is expected to reach 51 gigawatt hours by February 2030, up from 7 gigawatt hours in 2024 [13] - The company expects 278 gigawatt hours of capacity additions in the U.S. through 2030, highlighting the growing significance of battery storage [14] Company Strategy and Development Direction - The company is focused on its SmartStack technology and U.S. domestic content strategy to create value for stakeholders [19][20] - The domestic content strategy aims to meet local manufacturing requirements under the Inflation Reduction Act (IRA), providing tariff incentives and creating jobs [23][25] - The company is optimistic about the long-term growth prospects for energy storage despite current tariff challenges [11][35] Management's Comments on Operating Environment and Future Outlook - Management noted that the recent U.S. tariffs have introduced substantial economic uncertainty, impacting customer decision-making and project execution [36] - The company believes the current high tariff levels on Chinese imports are unlikely to be sustainable and expects a return to more normalized contracting activity [9][10] - Management remains confident in the long-term positioning of the company and its ability to navigate current challenges [37] Other Important Information - The company ended the quarter with over $1 billion in liquidity, including $610 million in cash, providing a strong financial foundation [8][30] - The company has paused execution of some U.S. contracts due to tariff uncertainties, but does not expect material cancellations [31][32] Q&A Session Summary Question: Clarification on AESC ramp and capacity - The company clarified that each production line has a capacity of 3 to 3.5 gigawatt hours, and by mixing domestic and imported batteries, they can achieve an annualized run rate of 12 gigawatt hours [44][46] Question: Impact of tariffs on pricing and margins - Management indicated that the uncertainty around tariffs makes it difficult to set stable pricing, but they believe they can remain competitive even with high tariffs [55][56] Question: Ownership structure and political concerns - The company has a plan in place to address potential future restrictions on ownership related to IRA benefits [65][66] Question: Competitive landscape and Chinese vendors - Management noted that competition is currently in a wait-and-see mode due to tariff uncertainties, but they believe their domestic production strategy positions them well [68][69] Question: Status of delayed projects in Australia - The company expects to sign two delayed projects in the current quarter and one in the fourth quarter, indicating progress in project execution [76] Question: Future bookings and domestic content strategy - Management explained that while a fully domestic offering would be attractive, customers are hesitant due to uncertainty about future tariff negotiations with China [103][106]

Core Points - A securities class action lawsuit has been filed against Fluence Energy, Inc. for the period from October 28, 2021, to February 10, 2025 [1][2] - The lawsuit follows a report from Blue Orca Capital revealing that Siemens had sued Fluence for misrepresentation, breach of contract, and fraud [2] - Following the news of the Siemens lawsuit, Fluence's stock price dropped over 13%, from $17.01 to $14.73 per share [3] - On February 10, 2025, Fluence reported a Q1 fiscal 2025 net loss of $57 million, with revenues down 49% year-over-year, and subsequently lowered revenue guidance [3] - The stock price fell further by $6.07, or more than 46%, from $13.07 to $7.00 per share on February 11, 2025 [4] Legal Context - Investors who purchased Fluence securities during the class period have until May 12, 2025, to seek appointment as lead plaintiff [2] - A lead plaintiff represents the interests of all class members in the litigation process [5] - Berger Montague has a long history in securities class action litigation, representing both individual and institutional investors [6]

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 founders and major revenue sources, Siemens AG and The AES Corporation, was expected to decline [1] - Siemens Energy, the 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 the aforementioned issues, the defendants reportedly lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial results, growth, and prospects [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 be enrolled in a portfolio monitoring system to receive updates throughout the case [2] - There is no cost or obligation for shareholders to participate in the case [2]

SAN FRANCISCO, May 07, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ: FLNC) faces mounting challenges as disappointing fiscal second-quarter results and a steep guidance revision collide with escalating legal scrutiny over alleged financial misrepresentations. The disappointing quarter arrives amid an escalating federal securities class action lawsuit, with investors accusing Fluence of painting an overly optimistic picture of its business-and the looming May 12, 2025 deadline for lead plaintiff sta ...

Financial Performance & Guidance - Q2 2025 revenue reached $432 million, a 31% decrease compared to Q2 2024[10, 29, 30] - Adjusted EBITDA for Q2 2025 was -$30 million[10, 29, 30] - The company lowered FY25 revenue guidance to $2.6 billion - $2.8 billion, with a midpoint of $2700 million[10, 36, 39] - FY25 Adjusted EBITDA guidance was also lowered to $0 - $20 million, with a midpoint of $10 million[36, 43] - The company anticipates an adjusted gross profit margin of 10-12% for FY25[37, 41] - The company expects H2 FY'25 revenue split to be approximately 35% in Q3 and 65% in Q4[37] Backlog & Pipeline - Backlog as of March 31, 2025, was approximately $4.9 billion[10, 21, 45] - The company's pipeline as of March 31, 2025, was approximately $22 billion[10, 21] - H2 FY25 backlog is $1.9 billion, and future years backlog is $3.0 billion[21] - Annual Recurring Revenue (ARR) as of March 31, 2025, was $110 million[10] Tariffs & Strategy - The company paused certain US project execution and order intake due to US tariff uncertainty[10, 13, 39, 45] - The company believes current tariff levels are unsustainable and expects an eventual US-China trade deal to ease tariffs[13] - The company has a robust liquidity position of over $1 billion to navigate the current environment[10, 45]

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of misleading statements and undisclosed product defects that have led to significant financial losses for investors [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit against Fluence Energy involves purchasers of its Class A common stock from October 28, 2021, to February 10, 2025, with a deadline for lead plaintiff applications set for May 12, 2025 [1]. - The lawsuit alleges that Fluence Energy and its executives violated the Securities Exchange Act of 1934 by making false statements regarding the quality and performance of their energy storage products [3][4]. - Specific allegations include defective design and installation issues, failure to address known product defects, and overstated efficacy and safety of their products [3]. Group 2: Financial Impact and Stock Performance - Following the revelation of defects in the Diablo project, Fluence Energy's stock price dropped over 15% [4]. - A subsequent report by Blue Orca Capital led to an additional decline of more than 13% in stock price due to allegations of premature technology sales and a lawsuit from Siemens Energy Inc. for fraud and engineering failures [5]. - In November 2024, Fluence Energy projected fiscal 2025 revenue between $3.6 billion and $4.4 billion, but only 65% of this guidance was backed by current contracts, leading to a 22% drop in stock price [6][7]. - The company later revised its revenue guidance down to a range of $3.1 billion to $3.7 billion, resulting in a staggering 52% decline in stock price over three days [8].

Exhibit 99.1 Fluence Energy, Inc. Reports Second Quarter 2025 Results; Lowers Full Year 2025 Guidance, Citing Decisions to Pause Certain U.S. Projects Due to Tariff Uncertainty ARLINGTON, Va., May 7, 2025 (GLOBE NEWSWIRE) – Fluence Energy, Inc. (Nasdaq: FLNC) ("Fluence" or the "Company"), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced its results for the three and six months ended March 31, 2025. Financial Highlights for F ...

Core Viewpoint - Fluence Energy, Inc. has reported a significant decline in revenue and adjusted EBITDA for the fiscal quarter ended March 31, 2025, primarily due to economic uncertainty and tariff policies affecting U.S. customer contracting activity. The company has revised its fiscal year 2025 revenue guidance downward, reflecting a temporary deceleration in project activity [4][5][7]. Financial Highlights - Total revenue for the quarter was approximately $431.6 million, a decrease of about 31% from the same quarter last year [8]. - The company reported a net loss of approximately $41.9 million, up from a net loss of approximately $12.9 million for the same quarter last year [8]. - Adjusted EBITDA was approximately negative $30.4 million, compared to approximately negative $6.1 million for the same quarter last year [8]. Financial Position - As of March 31, 2025, total cash was approximately $610.0 million, an increase of about $91.3 million from September 30, 2024 [3]. - The company has a backlog of approximately $4.9 billion as of March 31, 2025, with quarterly order intake of $200.0 million [8]. Fiscal Year 2025 Outlook - The company revised its fiscal year 2025 revenue guidance to a range of $2.6 billion to $2.8 billion, down from a previous range of $3.1 billion to $3.7 billion [4]. - Adjusted EBITDA guidance was lowered to a range of $0 to $20 million, down from a prior range of $70 million to $100 million [5]. - The updated revenue midpoint is approximately 95% covered by the current backlog and fiscal year-to-date revenue [4]. Key Operating Metrics - Deployed energy storage products increased to 6.2 GW, a 24% increase from 5.0 GW as of September 30, 2024 [36]. - The pipeline of potential contracts increased to 32.3 GW, a 25% increase from 25.8 GW as of September 30, 2024 [36]. - Assets under management for services increased to 5.3 GW, a 23% increase from 4.3 GW as of September 30, 2024 [36].