Fluence Energy (FLNC) Faces Investor Scrutiny Over Accounting and Ongoing SEC Investigation, Securities Class Action Pending – Hagens Berman

Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for allegedly misleading investors regarding its financial performance and adherence to accounting standards during a specific class period [1][3]. Group 1: Lawsuit Details - The lawsuit, Abramov v. Fluence Energy, Inc., seeks to represent investors who purchased Fluence common stock between November 29, 2023, and February 10, 2025 [1][2]. - The lead plaintiff deadline for the lawsuit is set for May 12, 2025 [2]. Group 2: Financial Performance and Allegations - Fluence Energy reported a 49% year-over-year decline in quarterly revenue for Q1 2025, with net losses more than doubling [3]. - The company reduced its fiscal 2025 revenue projection by $600 million, attributing this to delayed contracts and ongoing SEC investigations into its financial practices [3][4]. - Following the poor financial announcement, Fluence shares dropped by $6.07, a 46% decrease, resulting in a loss of nearly $790 million in market capitalization in one day [4]. Group 3: Company Relationships and Investigations - The lawsuit highlights concerns regarding Fluence's relationships with Siemens and AES, its founding partners, and significant revenue sources [3][6]. - Siemens Energy has accused Fluence of fraud and engineering defects, suggesting that revenue growth and profit margins may have been artificially inflated as Siemens and AES prepared to divest [6].