Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and undisclosed product defects impacting its financial performance and reputation [1][3]. Company Allegations - The lawsuit alleges that Fluence Energy's energy storage products had significant design and operational defects, which were not adequately addressed, leading to inflated financial metrics [3]. - Specific issues cited include defective product designs, failure to honor warranty obligations, and overstated efficacy and safety of products [3]. Project Issues - The Diablo project faced numerous defects, including slow response times in project control systems and multiple failures of inverters, leading to operational inefficiencies and safety risks [4]. - Fluence Energy delivered the Diablo project eight months late and failed to resolve warranty claims in a timely manner, contributing to a significant drop in stock price [4]. Financial Performance - In the fourth quarter of 2024, Fluence Energy projected annual revenue for fiscal 2025 between $3.6 billion and $4.4 billion, but only 65% of this was backed by current contracts, indicating a need for new orders [6]. - The company later revised its fiscal 2025 revenue guidance down to a range of $3.1 billion to $3.7 billion, a reduction of approximately $600 million, due to customer-driven delays and competitive pressures [7]. - Quarterly revenue for the first fiscal quarter of 2025 was reported at $187 million, missing consensus estimates by nearly 48%, leading to a significant decline in stock price [7].

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 of Fraud - 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 asserts that Fluence's reported margins and revenue growth were artificially inflated as Siemens and AES were planning to divest their interests [2]. - The defendants are accused of lacking a reasonable basis for their positive statements about Fluence's battery energy storage business and its financial outlook [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 12, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require individuals to serve as lead plaintiffs, and there are no out-of-pocket costs for class members [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 - Faruqi & Faruqi, LLP is investigating potential claims against Fluence Energy, Inc. due to significant losses suffered by investors, particularly following a substantial decline in the company's stock value and allegations of misleading statements regarding its financial health and business relationships [2][4][5]. Group 1: Company Overview - Fluence Energy, Inc. is publicly traded on NASDAQ under the ticker FLNC [2]. - The company has faced a 49% year-over-year revenue decline as reported on February 11, 2025, leading to a stock price drop of over 45% [5]. Group 2: Legal Allegations - The complaint against Fluence alleges violations of federal securities laws, including making false or misleading statements and failing to disclose critical information about its relationships with major partners Siemens AG and The AES Corporation [4]. - Specific allegations include claims that Siemens Energy accused Fluence of engineering failures and fraud, and that Fluence's financial results were inflated as these partners were moving to divest [4]. Group 3: Investor Impact - Investors who suffered losses exceeding $75,000 between October 28, 2021, and February 10, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The deadline for investors to seek the role of lead plaintiff in the federal securities class action is May 12, 2025 [2][6].

PHILADELPHIA, May 01, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ: FLNC) on behalf of purchasers of Fluence securities between October 28, 2021 through February 10, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired Fluence securities during the Class Period may, no later than MAY 12, 2025, seek to be appointed as a lead plaintiff ...

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 of May 12, 2025, for seeking lead plaintiff status [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 operational issues with products, failure to address known defects, and overstated efficacy and safety claims [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 design failures [5]. - In November 2024, Fluence Energy's stock fell approximately 22% after the company reported that only 65% of its fiscal 2025 revenue guidance was backed by current contracts, indicating a need for new orders [6]. - The company further reduced its fiscal 2025 revenue guidance by about $600 million in February 2025, resulting in a significant stock price drop of over 52% [7]. Group 3: Company Background - Fluence Energy is a global provider of energy storage products and services, focusing on renewable energy solutions [2].

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 [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]. - 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 [6]. - Following the financial results announcement, Fluence Energy's stock price dropped 46%, closing at $7.00 per share on February 11, 2025 [6].

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, due to misleading statements regarding the company's business and financial condition [1][3]. Group 1: 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 [2]. - The company was established in 2018 as a joint venture between AES and Siemens Industry, Inc., and went public in October 2021 [2]. Group 2: Allegations in the Lawsuit - The lawsuit alleges that Fluence made false and misleading statements by failing to disclose significant issues with its energy storage products, including defective design and installation problems [3]. - It is claimed that Fluence did not adequately address known product defects and installation errors, nor did it honor warranty obligations to customers [3]. - The efficacy and safety of Fluence's products, as well as the company's ability to deliver projects satisfactorily, were allegedly overstated, leading to inflated financial metrics such as adjusted EBITDA and gross profit margins [3]. Group 3: Impact on Stock Price - Following the revelation of these deficiencies, Fluence's stock price fell over 80%, dropping from more than $39 per share to approximately $6 per share [4].

Core Viewpoint - Rosen Law Firm is reminding purchasers of Fluence Energy, Inc. common stock about the upcoming lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company during a specified class period [1][5]. Group 1: Class Action Details - The class period for the lawsuit is from November 29, 2023, to February 10, 2025, inclusive [1]. - Investors who purchased Fluence common stock during this 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 must move the Court to serve as lead plaintiff by May 12, 2025 [3]. Group 2: Allegations Against Fluence - The lawsuit alleges that Fluence made false and misleading statements regarding its business relationships and financial performance [5]. - Specific claims include that Fluence's relationship with Siemens AG and The AES Corporation was expected to decline, and that Siemens Energy accused Fluence of engineering failures and fraud [5]. - The lawsuit asserts that Fluence's reported margins and revenue growth were inflated, and that the defendants lacked a reasonable basis for their positive statements about the company's battery energy storage business [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time [4]. - Rosen Law Firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

Core Insights - NTR has signed contracts for the Uusnivala battery energy storage system (BESS) project in Finland, marking a significant step in its clean energy infrastructure development [1][5] - The project will feature a 55 MW / 110 MWh battery system, providing essential services such as frequency regulation and grid balancing [2][3] - Fluence Energy has been selected to supply its advanced battery technology, Gridstack Pro 5000, which aims to optimize land usage and enhance operational efficiency [3][4] Project Details - The Uusnivala BESS project is one of the largest in Finland, contributing to the approximately 250 MW of installed battery storage in the market [6] - Construction is expected to begin shortly, with completion anticipated by mid-2026 [4] - This project is the first BESS initiative of the L&G NTR Clean Power (Europe) Fund to enter construction, with the fund securing over €600 million in commitments [5] Strategic Importance - The Uusnivala project represents NTR's first entry into the Finnish battery storage market, emphasizing its commitment to energy resilience and net-zero goals [7] - The collaboration with Fluence highlights the importance of energy storage in creating a more resilient and flexible power system in Finland [7][10] - NTR has a strong track record in developing renewable energy projects, having deployed over €2 billion in capital across various European countries [8][9]

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 of Fraud - The lawsuit claims that Fluence Energy made false statements and concealed critical information regarding its relationships with major partners 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 undermined the company's credibility [2]. - The complaint asserts 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 regarding Fluence's battery energy storage business and its financial outlook [2]. Group 2: Legal Process and Participation - Investors who suffered losses in Fluence Energy 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, the law firm handling the case, 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].