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FLNC INVESTOR ALERT: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
FLNCFluence Energy(FLNC) Prnewswire·2025-03-22 13:58

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims related to misleading statements and undisclosed issues regarding its business relationships and financial performance [1][3][4]. Company Overview - Fluence Energy provides energy storage and optimization software for renewable energy and storage applications [2]. Allegations of the Lawsuit - The lawsuit claims that during the class period, Fluence Energy made false or misleading statements regarding its relationships with major partners Siemens AG and The AES Corporation, suggesting that these relationships were deteriorating [3]. - It is alleged that Siemens Energy accused Fluence Energy of engineering failures and fraud, which was not disclosed to investors [3]. - The lawsuit also states that Fluence Energy's reported margins and revenue growth were inflated due to the impending divestment by Siemens AG and The AES Corporation [3]. Impact of Reports and Financial Results - On February 22, 2024, a report from Blue Orca Capital revealed that Siemens Energy had filed a lawsuit against Fluence Energy for misrepresentations and fraud, leading to a more than 13% drop in Fluence Energy's stock price [4]. - Following the announcement of its Q1 fiscal year 2025 results on February 10, 2025, which included a net loss of 57million(upfromalossof57 million (up from a loss of 25.6 million the previous year) and a 49% year-over-year revenue decline, Fluence Energy's stock price fell over 46% [5]. - The company also lowered its revenue guidance from a range of 3.6billionto3.6 billion to 4.4 billion to a new range of 3.1billionto3.1 billion to 3.7 billion [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, which allows them to represent the interests of all class members [6]. - The lead plaintiff can choose a law firm to litigate the case, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over 2.5billionforinvestorsin2024alone[7].Thefirmhasastrongtrackrecordinobtainingsignificantrecoveriesinsecuritiesclassactioncases,includingthelargestrecoveryinhistoryof2.5 billion for investors in 2024 alone [7]. - The firm has a strong track record in obtaining significant recoveries in securities class action cases, including the largest recovery in history of 7.2 billion in the Enron case [7].