FLNC CLASS ACTION NEWS: Lose Money on Fluence Energy, Inc.? Investors are Reminded to Contact BFA Law before May 12 Deadline (NASDAQ:FLNC)

Core Viewpoint - A lawsuit has been filed against Fluence Energy, Inc. and certain senior executives for potential violations of federal securities laws, alleging misrepresentation of the company's competitive position and financial performance [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, captioned Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444 [2]. - Investors have until May 12, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Fluence Energy - Fluence Energy is accused of misrepresenting its sales pipeline and backlog of orders, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4]. - A report from Blue Orca Capital revealed that Siemens Energy, a major revenue source, filed a lawsuit against Fluence Energy for misrepresentations and fraud [5]. Group 3: Financial Performance - On February 10, 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year [6]. - Following the financial results announcement, Fluence Energy's stock price declined by 46%, closing at $7.00 per share on February 11, 2025 [6].