Fluence Energy(FLNC) Prnewswire·2025-04-07 09:45Core Viewpoint - Fluence Energy, Inc. is facing allegations of issuing materially false and misleading statements regarding its business operations and financial performance during the class period from November 29, 2023, to February 10, 2025 [1] Group 1: Allegations and Issues - The complaint alleges that Fluence's relationship with its major revenue sources, Siemens AG and The AES Corporation, is expected to decline [1] - Siemens Energy, the U.S. affiliate of Siemens AG, has accused Fluence of engineering failures and fraud [1] - Fluence's reported margins and revenue growth are claimed to be inflated as Siemens and AES are moving towards divestment [1] - The defendants are said to lack a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial results, growth, and prospects [1] Group 2: Class Action Details - Shareholders who purchased FLNC shares during the specified class period are encouraged to register for the class action, with a deadline set for May 12, 2025 [2] - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2] - There is no cost or obligation for shareholders to participate in the case [2]