Core Viewpoint - The Fluence Energy class action lawsuit alleges violations of the Securities Exchange Act of 1934 by Fluence Energy and certain executives, representing purchasers of Fluence Energy common stock [1][4]. Group 1: Allegations and Financial Impact - The lawsuit claims that Fluence Energy misled investors about its relationships with major revenue sources, Siemens AG and The AES Corporation, which were expected to decline [4]. - Siemens Energy accused Fluence Energy of engineering failures and fraud, which was not disclosed to investors [4]. - A report from Blue Orca Capital revealed that Fluence Energy failed to disclose a lawsuit from Siemens Energy, leading to a stock price drop of over 13% [5]. - Fluence Energy reported a net loss of 25.6 million in the same period the previous year, with revenues falling 49% year-over-year [6]. - Following the financial results announcement, Fluence Energy's stock price fell more than 46% [6]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fluence Energy common stock during the Class Period to seek appointment as lead plaintiff in the lawsuit [7]. - The lead plaintiff represents the interests of all class members and can select a law firm of their choice for litigation [7]. Group 3: Company Background - Fluence Energy specializes in energy storage and optimization software for renewable energy and storage applications [3]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is a leading firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8].
FLNC INVESTOR DEADLINE: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit