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].

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business relationships and financial performance during the class period from October 28, 2021, to February 10, 2025 [3]. Summary by Relevant Sections - **Class Period and Allegations** - The class period for the lawsuit is defined as October 28, 2021, to February 10, 2025 [3]. - Allegations include that Fluence's relationships with key partners, Siemens AG and The AES Corporation, were expected to decline, and that Siemens Energy accused Fluence of engineering failures and fraud [3]. - It is claimed that Fluence's reported margins and revenue growth were inflated as Siemens and AES were moving to divest, leading to a lack of reasonable basis for positive statements regarding Fluence's battery energy storage business and financial prospects [3]. - **Next Steps for Shareholders** - Shareholders who purchased FLNC shares during the specified timeframe are encouraged to register for the class action by May 12, 2025, to potentially become lead plaintiffs [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. - **Law Firm Background** - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [5].

NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Fluence Energy, Inc. (NASDAQ: FLNC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Fluence Energy, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/fluence-energy-inc. Investors have until May 12, 2025, to ask the Court to be appoi ...

Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for misleading investors regarding its financial health and relationships with major partners during the specified Class Period [1][3]. Group 1: Lawsuit Details - The lawsuit pertains to Fluence securities purchased between October 28, 2021, and February 10, 2025 [1][2]. - Investors have until May 12, 2025, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations Against Fluence - The lawsuit claims that Fluence misled investors about the stability of its relationships with Siemens AG and The AES Corporation, which are significant sources of revenue [3]. - Allegations include that Siemens accused Fluence of engineering failures and fraud, leading to artificially inflated margins and revenue growth due to the impending decline in these relationships [3].

NEW YORK, May 6, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fluence Energy, Inc. ("Fluence Energy" or the "Company") (NASDAQ: FLNC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fluence Energy investors who were adversely affected by alleged securities fraud between October 28, 2021 and February 10, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/fluence-energy ...

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 period [1][5]. Group 1: Class Action Details - The class action pertains to Fluence common stock purchases made between November 29, 2023, and February 10, 2025, with a lead plaintiff deadline set for May 12, 2025 [1][2]. - Investors who purchased stock during this period may be eligible for compensation without incurring out-of-pocket fees through a contingency fee arrangement [2][3]. - A class action lawsuit has already been filed, and interested parties can join by contacting the Rosen Law Firm [3][6]. Group 2: Allegations Against Fluence - The lawsuit alleges that Fluence made false and misleading statements regarding its business relationships and financial health, particularly concerning its ties with Siemens AG and The AES Corporation [5]. - Specific claims include that Fluence's revenue growth and margins were inflated, and that Siemens Energy accused Fluence of engineering failures and fraud [5]. - The lawsuit asserts that the defendants lacked a reasonable basis for their positive statements about Fluence's battery energy storage business and financial prospects [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes its experience and success in handling securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 alone [4]. - The firm has been recognized for its leadership in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4]. - The firm advises investors to choose qualified counsel with a proven track record, highlighting that many firms issuing notices may not have the necessary experience or resources [4].