Fluence Energy(FLNC) Prnewswire·2025-04-04 12:34Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for alleged misrepresentation and fraud during the specified class period from November 29, 2023, to February 10, 2025 [1][2]. Group 1: Legal Action and Allegations - The lawsuit was initiated following a report by Blue Orca Capital on February 22, 2024, which disclosed that Siemens had sued Fluence for misrepresentation, breach of contract, and fraud [2]. - Investors who purchased Fluence securities during the class period have until May 12, 2025, to seek appointment as lead plaintiff [2]. Group 2: Stock Price Impact - Following the news of Siemens' lawsuit, Fluence's stock price dropped over 13%, from 14.73 per share on February 22, 2024 [3]. - On February 10, 2025, Fluence reported a net loss of 13.07 to $7.00 per share on February 11, 2025 [3][4]. Group 3: Financial Performance - Fluence's financial results for Q1 fiscal 2025 indicated a significant net loss and a drastic reduction in revenue guidance, raising concerns among investors [3].