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FLUENCE ENERGY SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Fluence Energy, Inc. - FLNC
Prnewswire· 2025-04-19 02:50
Core Points - ClaimsFiler reminds investors of the deadline to file lead plaintiff applications in securities class action lawsuits against Fluence Energy, Inc. for shares purchased between October 28, 2021, and February 10, 2025 [1] - The lawsuits allege that Fluence and certain executives failed to disclose material information during the class period, violating federal securities laws [3] - Fluence reported a net loss of $57 million, or $0.32 per share, for Q1 2025, compared to a loss of $25.6 million, or $0.14 per share, in the same period the previous year, with revenues down 49% year-over-year to $186.8 million [4] Financial Performance - The company decreased its revenue guidance for fiscal year 2025 to a range of $3.1 billion to $3.7 billion, down from a prior outlook of $3.6 billion to $4.4 billion, citing customer-driven delays and competitive pressures [4] - Following the announcement of financial results, Fluence's share price fell by $6.07, or 46.44%, closing at $7.00 per share on February 11, 2025 [4] Legal Context - The first-filed case is Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444, with a subsequent case, Kramer v. Fluence Energy, Inc., et al., No. 25-cv-00634, expanding the class period [5]
Fluence Energy, Inc. Announces Second Quarter 2025 Earnings Release Date, Conference Call and Webcast
Globenewswire· 2025-04-18 20:05
ARLINGTON, Va., April 18, 2025 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the second quarter ended March 31st, 2025 on Wednesday, May 7th, 2025, after market close. The Company will conduct a teleconference starting at 8:30 a.m. EST on Thursday, May 8th, 2025, to discuss the results. To participate, analysts are required to register by clicking Fluence Energy Q2 Earnings Call Registration Link. Once registered, analy ...
Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of May 12, 2025 in Fluence Energy Lawsuit – FLNC
GlobeNewswire News Room· 2025-04-18 16:50
NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) -- 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/fluen ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 12, 2025 in Fluence Energy, Inc. Lawsuit - FLNC
Prnewswire· 2025-04-17 09:45
NEW YORK, April 17, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Fluence Energy, Inc. (NASDAQ: FLNC).Shareholders who purchased shares of FLNC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/fluence-energy-loss-submission-form/?id=143338&from=4CLASS PERIOD: November 29, 202 ...
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fluence Energy, Inc. (FLNC)
GlobeNewswire News Room· 2025-04-17 00:00
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: Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of Virginia on behalf of all individuals or entities that purchased Fluence Energy securities between November 29, 2023, and February 10, 2025 [1]. - The complaint alleges that the defendants made false or misleading statements and failed to disclose critical information about the company's declining relationships with Siemens AG and The AES Corporation [2]. Group 2: Allegations Against the Company - Specific allegations include that Siemens Energy accused Fluence Energy of engineering failures and fraud, which could impact the company's revenue and margins [2]. - The lawsuit claims that the company's reported growth and financial results were inflated due to the impending divestment by Siemens and AES, leading to a lack of reasonable basis for the company's positive statements regarding its battery energy storage business [2]. Group 3: Investor Actions - Investors who acquired shares of Fluence Energy are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on May 12, 2025 [3].
EXPANDED CLASS PERIOD: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - FLNC
Prnewswire· 2025-04-16 08:59
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]. Company Overview - Fluence Energy is a global provider of energy storage products and services, focusing on renewable energy and storage solutions [2]. Allegations and Issues - The class action lawsuit claims that Fluence Energy's energy storage products had design and operational defects, which were not adequately addressed, leading to overstated financial performance metrics [3]. - Specific allegations include failures in product design, installation, and maintenance, as well as issues with warranty obligations [3]. - A report highlighted significant defects in Fluence Energy's Diablo project, including slow response times and multiple system failures, which resulted in a stock price drop of over 15% [4]. Financial Performance and Stock Impact - Fluence Energy's financial guidance for fiscal 2025 was initially set between $3.6 billion and $4.4 billion, but was later revised down to a range of $3.1 billion to $3.7 billion, reflecting a reduction of approximately $600 million at the midpoint [7]. - The company reported quarterly revenue of $187 million, which missed consensus estimates by nearly 48%, leading to a stock price decline of more than 52% over three days [7]. - The annual revenue guidance for fiscal 2025 indicated that only 65% was covered by the current backlog, suggesting a need for new orders to meet targets [6]. Legal Proceedings - The class action lawsuit is led by Robbins Geller Rudman & Dowd LLP, which has a strong track record in prosecuting investor class actions related to financial fraud [8][10]. - Investors who purchased Fluence Energy Class A common stock during the class period have until May 12, 2025, to seek appointment as lead plaintiff in the lawsuit [1][9].
FLNC Investors Have the Opportunity to Lead the Fluence Energy Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
GlobeNewswire News Room· 2025-04-13 12:47
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Fluence Energy, Inc. due to allegations of securities law violations, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by May 12, 2025 [2][4]. Company Overview - Fluence Energy, Inc. (NASDAQ: FLNC) has faced significant challenges, including a reported 49% year-over-year revenue decline and a 45% drop in share price following negative reports about its business practices and relationships with major partners [5]. Allegations Against Fluence - The complaint against Fluence alleges that the company and its executives made false or misleading statements regarding its business relationships, particularly with Siemens AG and The AES Corporation, and failed to disclose critical issues such as engineering failures and fraud accusations from Siemens Energy [4]. - It is claimed that Fluence's financial results and growth prospects were overstated, leading to significant losses for investors as the company's stock value plummeted [4]. Legal Proceedings - Investors who suffered losses exceeding $75,000 between November 29, 2023, and February 10, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - The role of lead plaintiff in the class action lawsuit is open to any member of the putative class, with the deadline for applications set for May 12, 2025 [6]. Investor Communication - Faruqi & Faruqi is actively seeking information from whistleblowers, former employees, and shareholders regarding Fluence's conduct to support the ongoing investigation [7].
FLNC STOCK FRAUD: Did Fluence Energy, Inc. Commit Securities Fraud? Investors are Notified to Contact BFA Law by the May 12 Court Deadline (NASDAQ:FLNC)
GlobeNewswire News Room· 2025-04-11 11:42
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, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until May 12, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Fluence Energy specializes in energy storage products and solutions, delivery services, operational and maintenance services, and digital applications for energy storage and power assets [3]. Group 3: Allegations and Financial Impact - Allegations state that Fluence Energy misrepresented its competitive position, 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, filed a lawsuit against Fluence Energy for misrepresentations and fraud, contributing to a decline in Fluence's stock price [5]. - In Q1 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, leading to a 46% drop in stock price to $7.00 per share [6].
Fluence Energy, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before May 12, 2025 to Discuss Your Rights - FLNC
Prnewswire· 2025-04-11 09:45
NEW YORK, April 11, 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 November 29, 2023 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-en ...
FLNC INVESTOR ALERT: Kirby McInerney LLP Reminds Fluence Energy, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit
GlobeNewswire News Room· 2025-04-11 00:00
Core Viewpoint - Fluence Energy, Inc. is facing significant legal and financial challenges, including a federal securities class action and declining financial performance, which may impact investor confidence and stock value [1][3][5]. Financial Performance - For Q1 of fiscal year 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 period the previous year [4]. - Revenues fell by 49% year-over-year to $186.8 million [4]. - The company lowered its revenue guidance for fiscal year 2025 to a range of $3.1 billion to $3.7 billion, down from a prior outlook of $3.6 billion to $4.4 billion [4]. Legal Issues - A federal securities class action has been filed against Fluence, with a deadline of May 12, 2025, for investors to seek the role of lead plaintiff [1]. - The lawsuit is based on allegations that Fluence failed to disclose the declining relationship with major revenue sources, Siemens AG and The AES Corporation, and that Siemens Energy accused Fluence of misrepresentations and fraud [5]. Market Reaction - Following the release of the Blue Orca report on February 22, 2024, Fluence shares dropped by $2.28, or approximately 13%, from $17.01 to $14.73 [3]. - After Fluence's Q1 2025 financial results announcement on February 10, 2025, shares fell by $6.07, or approximately 46%, from $13.07 to $7.00 [4].