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: Allegations and Claims - The lawsuit claims that Fluence Energy made false or misleading statements about its business relationships, particularly with Siemens AG and The AES Corporation, suggesting these relationships were stable when they were actually declining [2]. - It is alleged that Siemens Energy accused Fluence Energy of engineering failures and fraud, which was not disclosed to investors [2]. - The complaint states that Fluence Energy's reported margins and revenue growth were inflated due to the impending divestment by Siemens and AES, leading to a lack of reasonable basis for the company's positive statements about its battery energy storage business [2]. Group 2: Investor Actions - Investors who acquired shares of Fluence Energy during the specified class period are encouraged to contact the law firm representing the class action before the lead plaintiff motion deadline on May 12, 2025 [3].
Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against Fluence Energy, Inc. (FLNC)