Core Viewpoint - Fluence Energy 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 relationships with major partners [1][4]. Company Overview - Fluence Energy specializes in energy storage and optimization software for renewable energy and storage applications [3]. Allegations and Financial Impact - The lawsuit claims that Fluence Energy's relationship with its founders and major revenue sources, Siemens AG and The AES Corporation, was expected to decline, and that Siemens Energy accused Fluence of engineering failures and fraud [4]. - A report from Blue Orca Capital revealed that Fluence Energy failed to disclose a lawsuit from Siemens Energy, which accused it of misrepresentations and fraud, leading to a stock price drop of over 13% [5]. - In its Q1 fiscal year 2025 results, Fluence reported a net loss of $57 million, a significant increase from a loss of $25.6 million in the same period the previous year, with revenues falling 49% year-over-year and a lowered revenue guidance range of $3.1 billion to $3.7 billion, down from $3.6 billion to $4.4 billion, resulting in a stock price decline of over 46% [6].
FLNC INVESTOR DEADLINE: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit