Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Fluence Energy, Inc. (FLNC)

Core Viewpoint - A securities class action lawsuit has been filed against Fluence Energy, Inc. for allegedly misleading investors regarding the company's financial health and relationships with key partners [1][2]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of Virginia on behalf of all individuals or entities that purchased Fluence Energy securities between November 29, 2023, and February 10, 2025 [1]. - The complaint alleges that the defendants made false or misleading statements and failed to disclose critical information about the company's declining relationships with Siemens AG and The AES Corporation [2]. Group 2: Allegations Against the Company - Specific allegations include that Siemens Energy accused Fluence Energy of engineering failures and fraud, which could impact the company's revenue and margins [2]. - The lawsuit claims that the company's reported growth and financial results were inflated due to the impending divestment by Siemens and AES, leading to a lack of reasonable basis for the company's positive statements regarding its battery energy storage business [2]. Group 3: Investor Actions - Investors who acquired shares of Fluence Energy are encouraged to contact the law firm Gainey McKenna & Egleston before the lead plaintiff motion deadline on May 12, 2025 [3].