FLNC INVESTOR ALERT: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Shareholder Class Action Lawsuit

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of misleading statements and undisclosed product defects that have led to significant financial losses for investors [1][3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit against Fluence Energy involves purchasers of its Class A common stock from October 28, 2021, to February 10, 2025, with a deadline for lead plaintiff applications set for May 12, 2025 [1]. - The lawsuit alleges that Fluence Energy and its executives violated the Securities Exchange Act of 1934 by making false statements regarding the quality and performance of their energy storage products [3][4]. - Specific allegations include defective design and operational issues with products, failure to address known defects, and overstated financial metrics such as adjusted EBITDA and gross profit margins [3]. Group 2: Product and Project Failures - Reports have surfaced detailing significant defects in Fluence Energy's Diablo project, including slow response times of project control systems and multiple failures of inverters, leading to operational inefficiencies and safety risks [4]. - The Diablo project was delivered eight months late, and Fluence Energy failed to resolve warranty claims in a timely manner, contributing to reputational damage [4]. - A research report from Blue Orca Capital indicated that Fluence Energy sold its sixth-generation technology prematurely, which exacerbated operational issues [5]. Group 3: Financial Performance and Stock Impact - Fluence Energy's financial guidance for fiscal 2025 was revised down from $3.6 billion to $4.4 billion to a new range of $3.1 billion to $3.7 billion, reflecting a reduction of approximately $600 million at the midpoint due to customer-driven delays and competitive pressures [7]. - The company reported quarterly revenue of $187 million, which missed consensus estimates by nearly 48%, leading to a significant stock price drop of over 52% in a three-day trading period [7]. - Prior to this, the company had already seen its stock price fall approximately 22% following the release of its annual revenue guidance, indicating a lack of sufficient contracted work to meet targets [6].