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]

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].

Core Insights - Fluence Energy, Inc. has launched Smartstack™, a high-density, AC-based energy storage platform designed for grid-scale applications, with deliveries expected to start in Q4 2025 [1][2] - Smartstack offers approximately 30% higher energy density compared to existing AC-based systems, achieving up to 7.5 MWh energy density with 300 Ah generation batteries [2][5] - The platform's modular design allows for flexible configurations, catering to various market needs with storage durations of 2, 4, 6, and 8 hours available for sale [3][5] Product Features - Smartstack's design splits battery storage systems into easily transportable units, reducing shipping constraints and installation complexity [2][4] - The system includes a Smart Skid base platform that integrates advanced cooling, power control, and monitoring capabilities, while battery pods can be swapped for maintenance or upgrades [4][5] - Smartstack guarantees up to 99% availability through a long-term service agreement, enhancing revenue generation for customers [5][7] Market Positioning - The product addresses critical industry challenges such as supply chain constraints, performance, and land use, making it suitable for previously constrained sites [1][6] - Fluence has a strong track record, having deployed over 37.7 GWh of storage projects globally, including the first grid-connected system [7][9] - The modular design supports a localized supply chain strategy, optimizing availability and cost while enhancing resilience against geopolitical disruptions [6][9] Safety and Compliance - Smartstack incorporates advanced safety features, including multi-layer protection systems and large-scale fire testing certification, ensuring high safety standards [7] - The platform maintains Fluence's commitment to cybersecurity and safety, crucial for operational integrity in energy storage solutions [7]

Core Insights - Fluence Energy, Inc. has launched Smartstack™, a high-density, AC-based energy storage platform designed for grid-scale applications, with customer deliveries expected to start in Q4 2025 [1][2] - Smartstack addresses industry challenges such as performance, transportation logistics, and land use, providing a modular design that enhances scalability and operational efficiency [1][3] Product Features - The Smartstack system features a patent-pending design that splits battery storage into easily transportable units, improving shipping and installation processes [2] - It offers an energy density of up to 7.5 MWh, which is approximately 30% higher than existing AC-based systems, allowing for more energy generation within limited project footprints [2] - The platform supports various storage durations, including 2-hour, 4-hour, 6-hour, and 8-hour options, catering to diverse market needs [3] Operational Efficiency - Smartstack is designed to maximize system availability during peak demand, with a guaranteed availability of up to 99% through a long-term service agreement [3][6] - The modular architecture allows for regional sourcing and manufacturing of components, optimizing costs and enhancing supply chain resilience [5] Safety and Cybersecurity - The platform incorporates advanced safety features, including multi-layer protection systems and large-scale fire testing certification, ensuring high safety standards [6] - Fluence maintains a strong commitment to cybersecurity, integrating robust protection measures within the Smartstack system [6] Company Background - Fluence Energy has deployed over 37.7 GWh of storage projects globally, establishing itself as a leader in intelligent energy storage solutions [6][8] - The company operates in nearly 50 markets, focusing on creating a more resilient grid and maximizing the potential of renewable energy portfolios [8]

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