Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and undisclosed issues regarding its relationships with major partners and financial performance [1][3][4]. Company Overview - Fluence Energy provides energy storage and optimization software for renewable energy and storage applications [2]. Allegations - The lawsuit alleges that Fluence Energy's relationship with its founders and major revenue sources, Siemens AG and The AES Corporation, was expected to decline [3]. - Siemens Energy accused Fluence Energy of engineering failures and fraud, which was not disclosed to investors [3]. - The lawsuit claims that Fluence Energy's reported margins and revenue growth were inflated as Siemens AG and The AES Corporation were moving to divest [3]. Financial Performance - On February 10, 2025, Fluence Energy reported a net loss of $57 million for Q1 of fiscal year 2025, compared to a loss of $25.6 million in the same period the previous year [5]. - Revenues fell by 49% year-over-year, and the company lowered its 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 Energy's stock price dropped by more than 46% [5]. Legal Process - Investors who purchased Fluence Energy common stock during the class period can seek appointment as lead plaintiff in the class action lawsuit [6]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7].
FLNC INVESTOR ALERT: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead the Fluence Class Action Lawsuit