INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Fluence Energy, Inc. of Class Action Lawsuit and Upcoming Deadlines - FLNC

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].