The Gross Law Firm Notifies Fluence Energy, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline – FLNC

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business relationships and financial performance during the specified class period [3]. Group 1: Allegations - The lawsuit claims that Fluence's relationship with its founders and major revenue sources, Siemens AG and The AES Corporation, was expected to decline [3]. - Siemens Energy, a U.S. affiliate of Siemens AG, has accused Fluence of engineering failures and fraud [3]. - The complaint asserts that Fluence's reported margins and revenue growth were inflated as Siemens and AES were moving towards divestment [3]. - It is alleged that the defendants lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial results, growth, and prospects [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as October 28, 2021, to February 10, 2025 [3]. - Shareholders who purchased FLNC shares during this period are encouraged to register for the class action, with a deadline set for May 12, 2025 [4]. - Participants will be enrolled in a portfolio monitoring system to receive updates on the case's progress [4].