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FLNC INVESTOR NOTICE: Fluence Energy, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
Prnewswire· 2025-05-01 14:40
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 of May 12, 2025, for seeking lead plaintiff status [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 efficacy and safety claims [3]. Group 2: Financial Impact and Stock Performance - Following the revelation of defects in the Diablo project, Fluence Energy's stock price dropped over 15% [4]. - A subsequent report by Blue Orca Capital led to an additional decline of more than 13% in stock price due to allegations of premature technology sales and a lawsuit from Siemens Energy Inc. for fraud and design failures [5]. - In November 2024, Fluence Energy's stock fell approximately 22% after the company reported that only 65% of its fiscal 2025 revenue guidance was backed by current contracts, indicating a need for new orders [6]. - The company further reduced its fiscal 2025 revenue guidance by about $600 million in February 2025, resulting in a significant stock price drop of over 52% [7]. Group 3: Company Background - Fluence Energy is a global provider of energy storage products and services, focusing on renewable energy solutions [2].
FLNC COURT DEADLINE: Fluence Energy, Inc. (NASDAQ:FLNC) Investors with Losses have Until May 12 before the Expiration of the Class Action Deadline – Contact BFA Law
GlobeNewswire News Room· 2025-05-01 12:08
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 [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]. - 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 [6]. - Following the financial results announcement, Fluence Energy's stock price dropped 46%, closing at $7.00 per share on February 11, 2025 [6].
Robbins LLP Reminds Fluence Energy, Inc. Stockholders of the May 12, 2025 Lead Plaintiff Deadline in the FLNC Class Action – Contact the Firm for Information
GlobeNewswire News Room· 2025-04-30 21:20
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, due to misleading statements regarding the company's business and financial condition [1][3]. Group 1: 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 [2]. - The company was established in 2018 as a joint venture between AES and Siemens Industry, Inc., and went public in October 2021 [2]. Group 2: Allegations in the Lawsuit - The lawsuit alleges that Fluence made false and misleading statements by failing to disclose significant issues with its energy storage products, including defective design and installation problems [3]. - It is claimed that Fluence did not adequately address known product defects and installation errors, nor did it honor warranty obligations to customers [3]. - The efficacy and safety of Fluence's products, as well as the company's ability to deliver projects satisfactorily, were allegedly overstated, leading to inflated financial metrics such as adjusted EBITDA and gross profit margins [3]. Group 3: Impact on Stock Price - Following the revelation of these deficiencies, Fluence's stock price fell over 80%, dropping from more than $39 per share to approximately $6 per share [4].
Tesla's Band-Aid Has Been Ripped Off: Rally Mode Engaged
MarketBeat· 2025-04-30 14:14
Core Viewpoint - Tesla's stock has experienced an 18% increase since the recent earnings report, despite missing revenue and earnings expectations, indicating a potential shift in investor sentiment towards a more optimistic outlook [1][3][13]. Financial Performance - Tesla reported Q1 revenue of $19.34 billion, a decrease of 9.2% year-over-year, and a non-GAAP EPS of $0.27, missing expectations by $0.15 [3]. - The revenue shortfall was attributed to production line upgrades and ongoing pricing pressures in the electric vehicle (EV) market [3]. Strategic Focus - The company emphasized a transition phase rather than deterioration, highlighting the simultaneous retooling of all four vehicle factories for updated Model Y production [4]. - Management reiterated its commitment to AI and energy storage as key growth pillars, noting that AI infrastructure is driving demand for energy storage, which has seen revenue growth [5][7]. Market Sentiment and Technical Indicators - Investor sentiment appears to be improving, with technical indicators such as the relative strength index (RSI) and MACD showing bullish momentum [2][10]. - The stock has been closing higher on increasing volume, suggesting a potential beginning of a sustained rally [10][11]. Leadership and Management Changes - Elon Musk's decision to step back from external commitments to refocus on Tesla has positively influenced market sentiment, providing a psychological reset for investors [9]. Future Outlook - Tesla's ability to diversify its business model is crucial, with a focus on AI and energy products as major growth drivers [7][8]. - The company is taking steps to stabilize margins and ensure long-term profitability amid ongoing macroeconomic challenges [8].
2025年Q1全球储能电池出货同比增长142%
鑫椤储能· 2025-04-30 09:17
-广告- 关注公众号,点击公众号主页右上角" ··· ",设置星标 "⭐" ,关注 鑫椤锂电 资讯~ 本文来源: #鑫椤锂电 " 开年以来储能市场延续去年四季度的高增长态势,国内 314Ah电芯渗透率持续提升,欧美、澳 洲及中东成了Q1需求最强劲的区域。 " 根据 #ICC鑫椤锂电统计数据显示 , 2025年第一季度中国储能电池出货量为97GWh,同比增长146%; 全球储能电池出货量99.6Gwh,同比增长142%。 本文作者:龙先生/17601223168(微信同) 进固态电池群 ,加小编微信:13248122922 数据来源: ICC 鑫椤锂电 源网侧方面: 宁德时代、亿纬锂能、比亚迪、海辰储能、中创新航、瑞浦兰钧、国轩高科等厂家表现出 色,产能利用率维持在较高水平; 用户侧方面: 亿纬锂能、瑞浦兰钧、鹏辉能源、赣锋锂电等厂家依靠国内外工商业储能和户储的需求出货 量靠前。 数据来源: ICC 鑫椤锂电 一季度,电芯需求主要集中在特斯拉、阳光电源、比亚迪(电芯自供)三巨头系统厂商身上, 合计占了需 求的 28%, 中车株洲所、海博思创、远景能源、阿特斯、华为、Fluence、Powin则形成稳定的第二梯 ...
NTR, a leading renewable energy specialist selects Fluence for Flagship Finnish Battery Energy Storage System
Globenewswire· 2025-04-30 09:14
Core Insights - NTR has signed contracts for the Uusnivala battery energy storage system (BESS) project in Finland, marking a significant step in its clean energy infrastructure development [1][5] - The project will feature a 55 MW / 110 MWh battery system, providing essential services such as frequency regulation and grid balancing [2][3] - Fluence Energy has been selected to supply its advanced battery technology, Gridstack Pro 5000, which aims to optimize land usage and enhance operational efficiency [3][4] Project Details - The Uusnivala BESS project is one of the largest in Finland, contributing to the approximately 250 MW of installed battery storage in the market [6] - Construction is expected to begin shortly, with completion anticipated by mid-2026 [4] - This project is the first BESS initiative of the L&G NTR Clean Power (Europe) Fund to enter construction, with the fund securing over €600 million in commitments [5] Strategic Importance - The Uusnivala project represents NTR's first entry into the Finnish battery storage market, emphasizing its commitment to energy resilience and net-zero goals [7] - The collaboration with Fluence highlights the importance of energy storage in creating a more resilient and flexible power system in Finland [7][10] - NTR has a strong track record in developing renewable energy projects, having deployed over €2 billion in capital across various European countries [8][9]
NeoVolta Sets New Sales Record in April, Surpassing Entire First Quarter in a Single Month
Globenewswire· 2025-04-29 12:45
Core Insights - NeoVolta Inc. is projected to achieve over $2 million in revenue for April 2025, surpassing the total estimated revenue for the entire first quarter of 2025 [1] - The company previously estimated first quarter revenue exceeding $2 million, indicating a year-over-year increase of more than 600% [2] - The CEO of NeoVolta highlighted that the record revenue in April follows a record-breaking first quarter, indicating a strong growth trajectory [3] Company Growth Factors - The rapid expansion of NeoVolta is driven by increasing demand for backup power due to grid instability, rising energy costs, and weather-related disruptions [3] - The company is expanding its installer network and penetrating new markets, particularly in Texas, which is contributing to its growth [3] - NeoVolta is focused on delivering reliable and cost-saving energy storage solutions, which aligns with the rising demand in the market [3] Future Outlook - NeoVolta plans to announce finalized financial results for the first quarter of 2025 in May 2025 [4] - The company is committed to advancing clean energy through innovative energy storage solutions and strategic partnerships [5]
越秀资本等投资成立储能技术公司
news flash· 2025-04-29 03:29
Group 1 - Jiangmen Public Energy Storage Technology Co., Ltd. has been established with a registered capital of 50 million yuan [1] - The legal representative of the company is Yang Hui, and its business scope includes energy management services, wind power technology services, and solar power technology services [1] - The company is jointly held by Yuexiu Capital and the South Network Yuexiu Carbon Neutrality Equity Investment Fund (Guangzhou) Partnership [1]
Fluence Energy, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. May 12, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-04-28 22:49
Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of misleading statements and undisclosed product defects affecting its energy storage products, leading to significant financial and reputational risks for the company [3][4][5]. Group 1: Allegations and Issues - The class action lawsuit claims that Fluence Energy's energy storage products suffered from defective design, installation, operational, and maintenance issues [3]. - It is alleged that Fluence Energy failed to adequately address known product defects and installation errors, impacting customer satisfaction and project delivery [3]. - The effectiveness, reliability, and safety of Fluence Energy's products were materially overstated, leading to inflated financial metrics such as adjusted EBITDA and gross profit margins [3]. Group 2: Specific Incidents - An article published on December 20, 2023, highlighted numerous defects in Fluence Energy's Diablo project, including slow response times and inverter failures, resulting in a more than 15% decline in stock price [4]. - A subsequent report by Blue Orca Capital on February 22, 2024, revealed that Fluence Energy had prematurely sold its sixth-generation technology, linking it to operational issues and leading to a further decline of over 13% in stock price [5].
CF Energy Announces Financial Results For The Year ended December 31, 2024
Globenewswire· 2025-04-28 21:26
Financial Performance - Revenue for the year ended December 31, 2024, was RMB520.0 million (approx. CAD99.0 million), an increase of RMB86.0 million (approx. CAD16.2 million), or 20%, from RMB434.0 million (approx. CAD82.8 million) in 2023 [3] - Gross profit in 2024 was RMB134.6 million (approx. CAD25.6 million), an increase of RMB15.3 million (CAD2.8 million) or 13% from RMB119.3 million (approx. CAD22.8 million) in 2023, with a gross profit margin of 25.9%, down from 27.5% in 2023 [4] - Net profit for 2024 was RMB16.9 million (approx. CAD3.2 million), an increase of RMB13.9 million (approx. CAD2.6 million) from RMB3.0 million (approx. CAD0.6 million) in 2023, reflecting a 467% increase [5] - EBITDA for 2024 was RMB103.9 million (approx. CAD19.8 million), an increase of RMB31.7 million (approx. CAD6.0 million), or 44%, from RMB72.2 million (approx. CAD13.8 million) in 2023 [7] Business Transformation - CF Energy has transitioned from a traditional natural gas company to a district energy solutions provider, with the Sanya Haitang Integrated Smart Energy Project now operational and expanding its customer base [8] - The company operates a battery swap station network, aiming to test the viability of district energy storage through this initiative, enhancing its expertise in storage-related technology [9] - The company envisions a smart energy centralized cooling system for hotels and battery swap stations, functioning as a virtual power plant to provide grid services such as peak shaving and load balancing [10][22] Strategic Outlook - The company aims to become the largest clean energy service solutions provider and carbon asset management company in Hainan, recognizing the need to evolve beyond being a natural gas distributor [12] - CF Energy is developing a distributed smart energy ecosystem that integrates various energy storage technologies and energy management systems to enhance sustainability and efficiency [13][17] - The company is working on integrating a demand response system to optimize energy usage during peak periods, allowing for real-time monitoring and control of energy flows [23]