Fluence Energy, Inc. Shareholders: Robbins LLP Reminds FLNC Investors of the Pending Securities Class Action Lawsuit

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of shareholders who acquired Fluence Energy, Inc. securities during a specified period, alleging that the company misled investors regarding its corporate relationships and accounting practices [1][2]. Group 1: Allegations Against Fluence Energy - The lawsuit claims that Fluence failed to disclose a potential decline in its relationships with major revenue sources, Siemens AG and The AES Corporation [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which was not disclosed to investors [2]. - The complaint states that Fluence's reported margins and revenue growth were inflated due to the impending divestment by Siemens and AES [2]. - The defendants are accused of lacking a reasonable basis for their positive statements regarding Fluence's battery energy storage business and financial outlook [2]. Group 2: Financial Performance - 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, in the same quarter of the previous year [3]. - Revenues for the first quarter fell 49% year-over-year to $186.8 million [3]. - Fluence revised its fiscal year 2025 revenue guidance down to a range of$3.1 billion to $3.7 billion, from a previous estimate of$3.6 billion to $4.4 billion, citing customer-driven delays and competitive pressures [3]. - Following the announcement of these disappointing results, Fluence's stock price dropped by$6.07 per share, or 46.44%, closing at $7.00 per share on February 11, 2025 [3]. Group 3: Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by May 12, 2025 [4]. - Individuals do not need to participate in the case to be eligible for recovery, as they can remain absent class members [4]. Group 4: Company Background - Robbins LLP is recognized for its work in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].