FLNC INVESTOR NEWS: Fluence Energy, Inc. Investors may be able to Recover Losses in Class Action Lawsuit -- Contact BFA Law before May 12 Deadline (NASDAQ:FLNC)

Core Viewpoint - A lawsuit has been filed against Fluence Energy, Inc. and its senior executives for potential violations of federal securities laws, alleging misrepresentation of the company's competitive position and financial performance [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Eastern District of Virginia, titled Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444, with claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until May 12, 2025, to request to be appointed to lead the case [2]. Group 2: Company Background - Fluence Energy specializes in energy storage products and solutions, delivery services, operational and maintenance services, and digital applications for energy storage and power assets [3]. Group 3: Allegations and Financial Impact - Allegations include that Fluence Energy misrepresented its sales pipeline and backlog, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4]. - A report by Blue Orca Capital revealed that Siemens Energy, a major revenue source, filed a lawsuit against Fluence Energy for misrepresentations and fraud, contributing to a significant decline in stock value [5]. - Following the release of Q1 2025 financial results, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues down 49% year-over-year, leading to a 46% drop in stock price to $7.00 per share [6].