Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fluence Energy, Inc. regarding a class action lawsuit alleging misleading statements and undisclosed information that may have inflated the company's stock price during the specified class period [1]. Allegations - The lawsuit claims that Fluence's relationship with its major revenue sources, Siemens AG and The AES Corporation, was expected to decline [1]. - Siemens Energy, a U.S. affiliate of Siemens AG, has accused Fluence of engineering failures and fraud [1]. - The company's reported margins and revenue growth were allegedly inflated as Siemens and AES were moving towards divestment [1]. - Due to these factors, the defendants are said to have lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial outlook [1]. Class Action Details - The class period for the lawsuit is from October 28, 2021, to February 10, 2025 [1]. - Shareholders are encouraged to register for the class action by May 12, 2025, to potentially be appointed as lead plaintiffs [2]. - There is no cost or obligation for shareholders to participate in the case [2]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices [3]. - The firm is dedicated to ensuring companies engage in responsible business practices and good corporate citizenship [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to artificial inflation of stock prices [3].

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]. Company Overview - 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]. Allegations and Financial Performance - The lawsuit claims that Fluence Energy misrepresented its competitive position, sales pipeline, and backlog of orders, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4]. - On February 10, 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, and subsequently lowered its revenue guidance for the year [6]. - Following the release of this financial information, Fluence Energy's stock price dropped 46%, closing at $7.00 per share on February 11, 2025 [6]. Related Events - A report by Blue Orca Capital on February 22, 2024, revealed that Siemens Energy, a major revenue source for Fluence Energy, filed a lawsuit against the company for misrepresentations and fraud, further impacting investor confidence [5].

Core Viewpoint - Fluence Energy, Inc. is facing allegations of issuing materially false and misleading statements regarding its business operations and financial performance during the class period from October 28, 2021, to February 10, 2025 [1] Allegations - The complaint claims that Fluence's relationship with its major revenue sources, Siemens AG and The AES Corporation, was expected to decline [1] - Siemens Energy, a U.S. affiliate of Siemens AG, accused Fluence of engineering failures and fraud [1] - Fluence's reported margins and revenue growth were allegedly inflated as Siemens and AES were moving towards divestment [1] - Due to these issues, the defendants reportedly lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial outlook [1] Class Action Details - Shareholders who purchased FLNC shares during the specified class period are encouraged to register for the class action by May 12, 2025 [2] - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [2] - There is no cost or obligation for shareholders to participate in this case [2]

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].

Core Viewpoint - A class action securities lawsuit has been filed against Fluence Energy, alleging securities fraud that negatively impacted investors between October 28, 2021, and February 10, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Fluence Energy made false statements and concealed critical information regarding its relationships with major revenue sources, Siemens AG and The AES Corporation, which were expected to decline [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which undermined the company's credibility [2]. - The complaint states that Fluence's reported margins and revenue growth were artificially inflated as Siemens and AES were moving towards divestment [2]. - Due to these factors, the defendants are said to have lacked a reasonable basis for their positive statements about Fluence's battery energy storage business and its financial outlook [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until May 12, 2025, to request appointment as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, highlighting its expertise in complex securities litigation [4].

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: Allegations Against Fluence Energy - Fluence Energy is accused of misrepresenting its sales pipeline and backlog of orders, concealing declines in sales and earnings growth through aggressive revenue pull-forwards and selective earnings adjustments [4][5]. - A report by Blue Orca Capital revealed that Siemens Energy, a major revenue source for Fluence, filed a lawsuit against the company for misrepresentations and fraud [5]. Group 3: Financial Performance - In Q1 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, leading to a 46% decline in stock price to $7.00 per share [6]. - The company attributed the revenue decline to customer-driven delays in contract signings and competitive pressures, prompting a lowered revenue outlook for the fiscal year 2025 [6].

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit for potential violations of federal securities laws, with allegations of misrepresentation regarding its business practices and financial health [1][3][4]. Company Overview - Fluence Energy operates in the battery storage sector, providing energy storage products, delivery services, and digital solutions for power assets [3]. - The company has been accused of presenting an overly optimistic view of its competitive position and future prospects [3]. Legal Developments - A class action lawsuit has been filed against Fluence Energy and its senior executives, with investors urged to submit their losses by May 12, 2025 [2][3]. - The lawsuit claims that Fluence misrepresented the strength of its sales pipeline and order backlog, while concealing a slowdown in sales and earnings growth [4]. Financial Performance - Fluence's financial troubles became public on February 22, 2024, when a report from short seller Blue Orca Capital revealed a lawsuit from Siemens Energy, alleging misrepresentation and fraud [5]. - Following the report, Fluence's shares dropped by 13%, closing at $14.73 [5]. - On February 10, 2025, Fluence reported a net loss of $57 million, or $0.32 per share, for Q1 2025, with revenues down 49% year-over-year, leading to a 46% drop in stock price to $7.00 [6]. Investigative Actions - Hagens Berman is investigating Fluence Energy's financial disclosures and accounting practices, focusing on whether the company misled investors about material risks related to its partnerships with Siemens and AES [7]. - The investigation is prompted by significant investor losses and serious questions regarding the accuracy of Fluence's financial reporting [8].

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].

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 state that Fluence Energy misrepresented its competitive position, sales pipeline, and backlog of orders, 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 decline in Fluence's stock price [5]. - In Q1 2025, Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, leading to a 46% drop in stock price to $7.00 per share [6].

NEW YORK, April 11, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fluence Energy, Inc. ("Fluence Energy" or the "Company") (NASDAQ: FLNC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fluence Energy investors who were adversely affected by alleged securities fraud between November 29, 2023 and February 10, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/fluence-en ...