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Shareholders that lost money on Fluence Energy, Inc.(FLNC) should contact The Gross Law Firm about pending Class Action - FLNC
Prnewswire· 2025-04-24 09:45
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]
10个工商业储能项目,谁将上榜?
行家说储能· 2025-04-24 05:38
插播 :TOP10花落谁家?2024-2025用户侧储能项目TOP10榜单征集进行时,点击 上方二维码 进行申报 据行家说 储能不完全统计,2024年至今,已并网的用户侧储能项目近800个,超8.5GWh,总计规模达百MWh以上 的超35个。另外,用户侧储能 项目应用场景也愈发多元化,涵盖光储充、微电网、零碳园区...... 在用户侧储能由政策驱动向市场化价值驱动的关键转折点,为树立行业标杆、让优质项目脱颖而出, 行家说储能特联合权威机构进行"2024-2025 用户侧储能项目TOP10榜单"征集工作。 目前榜单各大奖项正持续申报中,截至目前已有阳光电源、融和元储、精控能源、弘正储能、鹏辉智慧能源、领储宇能、清安储能、睿电绿能、联 盛新能源集团、新巨能等多家企业带着各自的项目提交申报资料,行家说储能特甄选其中的部分项目进行报道。 用户侧储能TOP10申报项目,快来盘 (以下仅为部分项目,排序不分先后) ↓↓↓ ■ 阳光电源: 龙腾特钢用户侧储能项目 由阳光电源参与建设的 龙腾特钢用户侧储能项 目,总规模 20MW/40MWh ,位 于江苏省常熟市。 该项目实现了"光伏+储能+售电"一体化建设模式,预计年发电1 ...
Tesla's Energy Division Shines, But ETF Risks Mount Amid Broader Challenges
Benzinga· 2025-04-23 21:38
Core Viewpoint - Tesla Inc is currently facing significant challenges, with its stock down 33% year-to-date, leading investors to reassess the company's future prospects amidst a backdrop of volatility and uncertainty [1]. ETF Exposure - The Simplify Volt TSLA Revolution ETF has a 54% weightage in Tesla, actively managing its volatility through options overlays, indicating a high-risk investment strategy [2]. - Nightview Fund has an 18.4% Tesla weighting, making it one of the most exposed mainstream funds to Tesla, where news about Tesla significantly impacts the fund's performance [2]. - Vanguard Consumer Discretionary ETF has a 13.3% contribution from Tesla, highlighting the stock's influence on broader market dynamics [3]. Earnings Report Insights - Tesla's recent earnings report showed mixed results, with the energy and storage division generating $2.7 billion in revenue, a 67% increase from the previous year, and gross profit rising by 82% [3]. - Despite the positive performance in the energy segment, concerns were raised about tariff impacts, particularly on the sourcing of LFP battery cells from China [4]. Operational Challenges - The new megafactory in Shanghai, aimed at enhancing global energy storage manufacturing, is facing challenges due to new tariffs, which could hinder Tesla's ambitious growth targets for 2025 [5]. - Tesla's leadership is perceived as unfocused, particularly in light of CEO Elon Musk's controversial political image, which has led to protests and negative sentiment affecting sales [6][7]. Future Considerations - Monitoring ETF adjustments will be crucial as high-exposure ETFs may either rebalance or increase their stakes in Tesla [8]. - The advancement of U.S.-based battery manufacturing and alternative suppliers is essential for sustaining the energy segment amidst geopolitical risks [9]. - The influence of Elon Musk's public statements and political developments remains a significant factor in market dynamics [9]. Conclusion - The current situation presents a high-voltage waiting game for investors, with Tesla's recovery or further volatility likely to impact associated ETFs significantly [10].
NeoVolta Captures Texas Market Momentum with Record Installer Growth
Globenewswire· 2025-04-23 12:45
Company Overview - NeoVolta Inc. is a U.S.-based energy technology company focused on scalable storage solutions for residential and commercial power infrastructure [1][4] - The company aims to advance clean energy through reliable and high-performance energy storage systems [4] Market Growth - Texas has become one of the fastest-growing battery storage markets in the U.S., surpassing 6,200 megawatts of installed capacity by the end of 2024 [2] - NeoVolta has onboarded over 10% of Texas's solar installers as NeoVolta Certified Dealers, indicating strong demand for energy solutions among homeowners [2] Strategic Partnerships - NeoVolta has formed a distribution partnership with Solartek Distributors, LLC, which will enhance deployment and training for Texas-based installers [3] - Solartek's local presence and comprehensive portfolio of solar and storage equipment will support NeoVolta's growth in the Texas market [3][4]
Canadian Solar's e-STORAGE to Deliver 912 MWh of Energy Storage Solutions for Colbún's Diego de Almagro Sur Project in Chile
Prnewswire· 2025-04-23 11:00
Core Insights - Canadian Solar Inc. announced a contract through its subsidiary e-STORAGE to supply a 228 MW/912 MWh Battery Energy Storage System (BESS) for the Diego de Almagro Sur project in Chile [1][2] Company Overview - Canadian Solar is one of the largest solar technology and renewable energy companies globally, founded in 2001 and headquartered in Kitchener, Ontario [6] - The company has delivered nearly 150 GW of solar photovoltaic modules and has a contracted backlog of US$3.2 billion as of December 31, 2024 [6] - e-STORAGE, a subsidiary of Canadian Solar, specializes in battery energy storage systems and has an annual production capacity of 20 GWh [8] Project Details - The Diego de Almagro Sur BESS Project will utilize e-STORAGE's proprietary SolBank 3.0 technology, featuring lithium-iron-phosphate batteries and advanced cooling systems [2][4] - Construction is set to begin in June 2025, with commercial operation expected by December 2026, creating up to 150 jobs at peak activity [3] - The BESS will support the existing 232 MW Diego de Almagro Sur Solar Park, which has been operational since 2022 [3] Economic and Environmental Impact - The project aims to provide advanced grid services essential for integrating more renewable energy into Chile's national grid [4] - It is expected to generate a positive socio-economic impact in the Atacama Region by creating local jobs and utilizing local supply chains [4] - SolBank 3.0's efficiency and safety profile will help minimize environmental impact, aligning with Colbún's sustainability goals [4] Strategic Importance - The agreement positions Colbún as a leader in Chile's energy storage market, ensuring a secure supply of renewable energy for industrial clients [5] - The project is part of a broader strategy to enhance energy transition in Chile, emphasizing the importance of reliable and competitive renewable energy solutions [5]
Eos Energy Enterprises Announces Date for First Quarter 2025 Financial Results and Conference Call
Newsfilter· 2025-04-22 20:01
Core Viewpoint - Eos Energy Enterprises, Inc. is set to release its first quarter 2025 financial results on May 6, 2025, with a conference call scheduled for May 7, 2025, to discuss these results [1] Group 1: Financial Results Announcement - Eos will announce its Q1 2025 financial results after the U.S. market closes on May 6, 2025 [1] - A conference call to discuss the results will occur on May 7, 2025, at 8:30 a.m. Eastern Time [1] Group 2: Shareholder Engagement - Eos has partnered with Say Technologies to allow both retail and institutional shareholders to submit and vote on questions prior to the earnings call [2] - The Q&A platform will open on April 24, 2025, and will remain available until May 2, 2025, for registered shareholders to submit questions [3] Group 3: Conference Call Logistics - The live webcast of the earnings call will be accessible on the Company's "Investor Relations" page [4] - Participants are encouraged to join the call fifteen minutes early to avoid delays [4] - A replay of the conference call will be available via webcast for twelve months following the live presentation [5] Group 4: Company Overview - Eos Energy Enterprises focuses on innovative energy storage solutions, specifically its Znyth™ aqueous zinc battery, which aims to address the limitations of lithium-ion technology [6] - The company emphasizes safety, scalability, efficiency, and sustainability in its products, which are manufactured in the U.S. [6] - Eos provides reliable energy storage alternatives for utility, industrial, and commercial customers, with applications lasting from 3 to 12 hours [6]
3大态势!工商业储能项目大考来了?
行家说储能· 2025-04-22 12:31
插播 :储能荣耀之战,优质项目值得被看见!2024-2025用户侧储能项目TOP10榜单征集进行时,点击 阅读原文 进行申报 2025年,新能源全面入市、储能向交易型转变,工商业储能真正走向"投资考核期"、"项目验证期"。 纵向比较2024-2025年已投运的工商业储能电站项目,呈现出以下3大发展态势: 3大态势 ■ 单体装机跃升百兆瓦时级 工商业储能单体大项目越来越多。据行家说储能不完全统计,2024年1-11月超百兆瓦时级的工商业储能项目 超20个 ,总计约 1.12GW/3.12GWh;2025年一季度,对外公布的 已有 15个 百兆瓦时级以上的用户侧储能项目,总规模达 1.177GW/4.014GWh。 ■ 应用场景深度细分化 工商业储能项目所涉及的应用场景越来越多样化,除了传统的高耗能企业和零碳园区,光储、光储充、分布式光伏配储、微电网等多样化应用场景 兴起。据CESA储能应用分会产业数据库不完全统计,2025年1季度储充/光储充/应急电源/分布式光伏配储/微电网储能等装机为 141MW/405.84MWh,容量占比达 21.09% 。 ■ 重点行业集中度提升 工商业储能项目重点行业的应用集中度也在 ...
Fluence Energy, Inc. Stock News: Robbins LLP Reminds Stockholders of the Securities Fraud Class Action Lawsuit Filed Against FLNC
GlobeNewswire News Room· 2025-04-21 21:18
Core Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for alleged violations of securities laws during the Class Period from October 28, 2021, to February 10, 2025, claiming that the company made misleading statements regarding its business and financial condition [1][3]. Company Overview - Fluence Energy, Inc. is a global provider of battery-based energy storage products and services, as well as AI-enabled digital applications for renewable energy storage. It operates as a holding company through Fluence Energy, LLC, which was established in 2018 as a joint venture between AES and Siemens [2]. Allegations in the Lawsuit - The lawsuit alleges that Fluence made false or misleading statements by failing to disclose significant issues, including: - Defective design and operational issues with a material portion of its energy storage products [3]. - Inadequate responses to known product defects and installation errors, along with unfulfilled warranty obligations [3]. - Overstated efficacy and safety of its energy storage products and the ability to deliver projects satisfactorily [3]. - Resulting inflated financial metrics, including adjusted EBITDA and gross profit margins [3]. - Exposure to undisclosed risks of reputational and financial harm due to these issues [3]. Impact on Stock Price - Following the revelation of these deficiencies, Fluence's stock price plummeted over 80%, dropping from highs of more than $39 per share to approximately $6 per share by the end of the Class Period [4]. Next Steps for Investors - Investors who purchased Fluence Class A stock during the Class Period have until May 12, 2025, to apply to serve as lead plaintiff in the class action [5].
FLNC LEGAL REMINDER: Did Fluence Energy, Inc. Commit Securities Fraud? Contact BFA Law before May 12 Court Deadline (NASDAQ:FLNC)
GlobeNewswire News Room· 2025-04-21 12:33
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].
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)
GlobeNewswire News Room· 2025-04-19 12:06
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].