FLNC FRAUD ALERT: Fluence Energy, Inc. 46% Stock Drop Triggers Class Action Lawsuit for Fraud – Investors are Notified to Contact BFA Law before May 12 (NASDAQ:FLNC)

Core Viewpoint - A lawsuit has been filed against Fluence Energy, Inc. and its 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: Company Background - Fluence Energy specializes in energy storage products and solutions, delivery services, operational and maintenance services, and digital applications for energy storage [3]. Group 3: Allegations and Financial Performance - Allegations include that Fluence Energy misrepresented its sales pipeline and backlog, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4]. - 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, and subsequently lowered its revenue guidance for the year [6]. - Following the release of this financial information, Fluence Energy's stock price dropped 46%, closing at $7.00 per share on February 11, 2025 [6][5].