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Fluence Energy, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. May 12, 2025 Deadline to file Lead Plaintiff Motion.
Fluence EnergyFluence Energy(US:FLNC) GlobeNewswire News Roomยท2025-05-12 21:51

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of misleading statements and undisclosed product defects that have negatively impacted its financial performance and reputation [3][4][5]. Group 1: Allegations and Issues - The class action lawsuit claims that Fluence Energy's energy storage products suffered from significant design, installation, and operational defects [3]. - It is alleged that the company failed to adequately address known product defects and warranty obligations, leading to overstated financial metrics such as adjusted EBITDA and gross profit margins [3]. - A report highlighted that Fluence Energy's Diablo project experienced numerous operational failures, including inverter failures and safety incidents, which resulted in a significant stock price decline [4]. Group 2: Financial Impact - Following the publication of negative reports regarding the company's projects, Fluence Energy's Class A common stock saw a decline of over 15% on December 20, 2023, and more than 13% on February 22, 2024 [4][5]. - The lawsuit indicates that the company's financial health was artificially inflated, exposing it to undisclosed risks of reputational and financial harm [3]. Group 3: Legal Actions - Investors are encouraged to contact the Portnoy Law Firm to discuss their legal rights and options for recovering losses related to the class action [2][6]. - The deadline for filing a lead plaintiff motion in the class action is set for May 12, 2025 [1].