Energy storage provider Fluence Energy (NASDAQ:FLNC) is on the backfoot amid a devastating accusation of legal improprieties. If the allegations turn out to be true, FLNC stock could suffer substantial harm.According to short-seller specialist Blue Orca, Siemens Energy (OTCMKTS:SMNEY) — an energy firm formed through the spinoff of the gas and power division of Siemens (OTCMKTS:SIEGY) — is suing Fluence for breach of contract, material misrepresentation and fraud. In addition, Fluence’s other major customer, ...

ATLANTA, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Fluence Energy, Inc. ("Fluence," or the "Company") (NASDAQ:FLNC) complied with federal securities laws. On February 22, 2024, Blue Orca Capital published a report alleging that "undisclosed to investors, the U.S. affiliate of its largest shareholder and corporate parent, Siemens, has a filed a lawsuit accusing Fluence of a laundry list of embarrassing and costly engineering and design failures, false representations, an ...

The project, one of the largest in continental Europe, will increase flexibility in the power system and support lower electricity prices for end-users. The energy storage system will have enough capacity to power approximately 60,000 German households for a 2-hour period.The demand for energy storage in Germany is predicted to reach 23.7GW by 2037, and storage is expected to generate €12 billion in macro-economic value by 2050. ERLANGEN, Germany, Feb. 14, 2024 (GLOBE NEWSWIRE) -- MW Storage AG (MW Storage) ...

Rows of cabinets containing lithium ion batteries supplied by Fluence, a Siemens and AES Company, are seen inside the AES Alamitos Battery Energy Storage System, which provides stored renewable energy to supply electricity during peak demand periods, in Long Beach, California on September 16, 2022.Energy storage leader Fluence is seeing strong demand from the power hungry utility sector and will become profitable this year, CEO Julian Nebreda told CNBC in an interview Friday.Fluence shares jumped 13% this w ...

February 8, 2024 2 1Q FY2024 Earnings Presentation The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements set forth within this presentation, and other statements by management during the earnings call ...

I mean, yeah, this is something we have looked at. We work with Google on a project. However, to be very sincere today, we're so busy with utility scale projects that we are not - we haven't really worked a lot on it recently. But we did have a project to test it with them. It went well but it's something that we have not actually, in the recent quarters, something that we have not worked on. One of those opportunities were going to a point on battery cost reductions where these lowering of prices will star ...

For the quarter ended December 2023, Fluence Energy, Inc. (FLNC) reported revenue of $363.96 million, up 17.2% over the same period last year. EPS came in at -$0.14, compared to -$0.21 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $401.04 million, representing a surprise of -9.25%. The company delivered an EPS surprise of -7.69%, with the consensus EPS estimate being -$0.13.While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...

ARLINGTON, Va., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), a leading global pure-play provider of energy storage products and services as well as digital applications for renewables and storage, today announced its results for the three months ended December 31, 2023. Financial Highlights for First Fiscal Quarter ending December 31, 2023 Quarterly revenue of approximately $364.0 million, which represents an increase of 17% from the same quarter last ye ...

Refer to "Note 16 - Supply Chain Financing" for details of the related party guarantees associated with the supply chain financing program. Table of Contents Option Plan As of December 31, 2023, 4,846,089 stock options under the Option Plan remain outstanding with unrecognized stock compensation expense of $0.1 million. Employees, directors, and consultants were granted compensation under the Phantom Equity Incentive Plan (the "Phantom Incentive Plan"). As of September 30, 2021, the Company determined that ...

ARLINGTON, Va., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (NASDAQ:FLNC) ("Fluence" or the "Company"), announced today that it will report earnings for the first quarter ended December 31, 2023 on Wednesday, February 7th, 2024, after market close. The Company will conduct a teleconference starting at 8:30 a.m. EST on Thursday, February 8th, 2024, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q1 Earnings Call Registration Link. Once registere ...