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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
FLNCFluence Energy(FLNC) Prnewswire·2025-03-15 02:50

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 57million,or57 million, or 0.32 per share, for Q1 2025, compared to a loss of 25.6million,or25.6 million, or 0.14 per share, in the same period the previous year [4]. - Revenues decreased by 49% year-over-year to 186.8million,andthecompanylowereditsrevenueguidanceforfiscalyear2025toarangeof186.8 million, and the company lowered its revenue guidance for fiscal year 2025 to a range of 3.1 billion to 3.7billion,downfromaprioroutlookof3.7 billion, down from a prior outlook of 3.6 billion to 4.4billion[4].Thedeclineinrevenueguidancewasattributedtocustomerdrivendelaysinsigningcontractsandcompetitivepressures[4].StockMarketReactionFollowingtheannouncementofthefinancialresults,Fluencessharepricefellby4.4 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].