Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for failing to disclose material information during the class period, which has led to significant financial losses for investors [3]. Company Financial Performance - 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 [4]. - Revenues decreased by 49% year-over-year to $186.8 million, and 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]. - The decline in revenue guidance was attributed to customer-driven delays in signing contracts and competitive pressures [4]. Stock Market Reaction - Following the announcement of the 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 - Investors who purchased shares of Fluence between November 29, 2023, and February 10, 2025, have until May 12, 2025, to file lead plaintiff applications in the class action lawsuit [1][2]. - The case is identified as Daniel Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444 [5].
FLUENCE ENERGY SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Fluence Energy, Inc. - FLNC