Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of shareholders who acquired Fluence Energy, Inc. securities during a specified period, alleging that the company misled investors regarding its corporate relationships and accounting practices [1][2]. Group 1: Allegations Against Fluence Energy - The lawsuit claims that Fluence failed to disclose a potential decline in its relationships with major revenue sources, Siemens AG and The AES Corporation [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 accused of lacking a reasonable basis for their positive statements regarding Fluence's battery energy storage business and financial outlook [2]. Group 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 of 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 estimate of $3.6 billion to $4.4 billion, citing customer-driven delays and competitive pressures [3]. - Following the announcement of these disappointing results, Fluence's stock price dropped by $6.07 per share, or 46.44%, closing at $7.00 per share on February 11, 2025 [3]. Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by May 12, 2025 [4]. - Individuals do not need to participate in the case to be eligible for recovery, as they can remain absent class members [4]. Group 4: Company Background - Robbins LLP is recognized for its work in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].

Core Points - A shareholder class action lawsuit has been filed against Fluence Energy, Inc. alleging false and misleading statements regarding the company's business and operations [1] - The lawsuit claims that Fluence's relationships with major revenue sources, Siemens AG and The AES Corporation, are expected to decline [1] - Allegations include that Siemens Energy accused Fluence of engineering failures and fraud [1] - The lawsuit also suggests that Fluence's reported margins and revenue growth were inflated as Siemens and AES were moving to divest [1] Legal Context - Investors who purchased shares of Fluence between November 29, 2023, and February 10, 2025, and experienced significant losses are encouraged to discuss their legal rights [2] - The deadline for investors to request to be appointed as lead plaintiff in the case is May 12, 2025 [3] - Holzer & Holzer, LLC is representing shareholders in this litigation and has a history of recovering significant amounts for investors affected by corporate misconduct [3]

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 Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for allegedly violating federal securities laws by making false and misleading statements about its business and operations [1][2]. Group 1: Allegations - The lawsuit claims that Fluence Energy made false and misleading statements and failed to disclose material facts, including the potential decline of its relationships with major revenue sources, Siemens AG and The AES Corporation [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which could impact the company's credibility [2]. - The lawsuit asserts 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 regarding Fluence's battery energy storage business and its financial prospects [2]. Group 2: Legal Proceedings - The lawsuit was filed in the Eastern District of Virginia under the case caption Daniel Abramov v. Fluence Energy, Inc., et al., and covers the period from November 29, 2023, to February 10, 2025 [3]. - Investors who purchased Fluence Energy stock during the class period may seek to be appointed as lead plaintiffs, with a deadline for such motions set for May 12, 2025 [4]. Group 3: Investor Information - Investors do not need to be lead plaintiffs to participate in any potential recovery and can choose their own legal representation [5].

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]