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FLNC INVESTOR ALERT: Kirby McInerney LLP Reminds Fluence Energy, Inc. Investors of Looming Lead Plaintiff Deadline in Class Action Lawsuit
FLNCFluence Energy(FLNC) GlobeNewswire News Room·2025-04-11 00:00

Core Viewpoint - Fluence Energy, Inc. is facing significant legal and financial challenges, including a federal securities class action and declining financial performance, which may impact investor confidence and stock value [1][3][5]. Financial Performance - For Q1 of fiscal year 2025, Fluence reported a net loss of 57million,or57 million, or 0.32 per share, compared to a loss of 25.6million,or25.6 million, or 0.14 per share, in the same period the previous year [4]. - Revenues fell by 49% year-over-year to 186.8million[4].Thecompanylowereditsrevenueguidanceforfiscalyear2025toarangeof186.8 million [4]. - The company lowered its revenue guidance for fiscal year 2025 to a range of 3.1 billion to 3.7billion,downfromaprioroutlookof3.7 billion, down from a prior outlook of 3.6 billion to 4.4billion[4].LegalIssuesAfederalsecuritiesclassactionhasbeenfiledagainstFluence,withadeadlineofMay12,2025,forinvestorstoseektheroleofleadplaintiff[1].ThelawsuitisbasedonallegationsthatFluencefailedtodisclosethedecliningrelationshipwithmajorrevenuesources,SiemensAGandTheAESCorporation,andthatSiemensEnergyaccusedFluenceofmisrepresentationsandfraud[5].MarketReactionFollowingthereleaseoftheBlueOrcareportonFebruary22,2024,Fluencesharesdroppedby4.4 billion [4]. Legal Issues - A federal securities class action has been filed against Fluence, with a deadline of May 12, 2025, for investors to seek the role of lead plaintiff [1]. - The lawsuit is based on allegations that Fluence failed to disclose the declining relationship with major revenue sources, Siemens AG and The AES Corporation, and that Siemens Energy accused Fluence of misrepresentations and fraud [5]. Market Reaction - Following the release of the Blue Orca report on February 22, 2024, Fluence shares dropped by 2.28, or approximately 13%, from 17.01to17.01 to 14.73 [3]. - After Fluence's Q1 2025 financial results announcement on February 10, 2025, shares fell by 6.07,orapproximately466.07, or approximately 46%, from 13.07 to $7.00 [4].