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Lost Money on Fluence Energy, Inc.(FLNC)? Join Class Action Suit Seeking Recovery – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-05-07 16:29
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 class period from October 28, 2021, to February 10, 2025 [3]. Summary by Relevant Sections - **Class Period and Allegations** - The class period for the lawsuit is defined as October 28, 2021, to February 10, 2025 [3]. - Allegations include that Fluence's relationships with key partners, Siemens AG and The AES Corporation, were expected to decline, and that Siemens Energy accused Fluence of engineering failures and fraud [3]. - It is claimed that Fluence's reported margins and revenue growth were inflated as Siemens and AES were moving to divest, leading to a lack of reasonable basis for positive statements regarding Fluence's battery energy storage business and financial prospects [3]. - **Next Steps for Shareholders** - Shareholders who purchased FLNC shares during the specified timeframe are encouraged to register for the class action by May 12, 2025, to potentially become lead plaintiffs [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. - **Law Firm Background** - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [5].
Eos Energy Enterprises(EOSE) - 2025 Q1 - Earnings Call Presentation
2025-05-07 12:06
Financial Performance - Q1 2025 revenue reached $105 million, a 58% increase compared to Q1 2024[11] - Orders backlog as of March 31, 2025, stood at $6809 million, representing approximately 26 GWh[11] - Adjusted EBITDA loss was $432 million, a 17% increase compared to $369 million in Q1 2024[21] Commercial Growth - The commercial pipeline is valued at $156 billion, representing approximately 60 GWh[11] - Total commercial activity amounts to $291 billion, representing 115 GWh[24] - Booked orders totaled $92 million, including orders from 2 new customers[11] - The company secured 54 GWh in new Memorandums of Understanding (MOUs)[25] Operational Improvements - The company realized a 64% cost-out from product launch and a 77% volume-adjusted cost-out[16] - Manufacturing customer deliveries increased by 51% in Q1 compared to Q4 2024[15] - The company achieved significant output increases through subassembly automation, with terminal output up by 363% and bipolar output up by 332%[20] Guidance - The company reiterated its fiscal year 2025 revenue guidance of $150 million to $190 million, which is at least 10 times the full-year 2024 results[15]
250 MW/1,000 MWh Oneida Energy Storage Project Commences Commercial Operations
Globenewswire· 2025-05-07 11:24
Provides Ontario with critical capacity as Canada’s largest grid-scale battery energy storage facility in operation Oneida Battery Energy Storage Project, April 2025 TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- The Oneida Energy Storage Project (“Oneida”) has officially entered commercial operations, becoming the largest battery energy storage facility in operations in Canada, and one of the largest globally. Located in Haldimand County, Ontario, the 250 MW / 1,000 MWh facility was delivered ahead of schedule ...
Fluence Energy, Inc. Class Action: Levi & Korsinsky Reminds Fluence Energy Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 12, 2025 - FLNC
Prnewswire· 2025-05-06 09:45
NEW YORK, May 6, 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 October 28, 2021 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-energy ...
FLNC FINAL DEADLINE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Fluence Energy, Inc. Investors to Secure Counsel Before Important May 12 Deadline in Securities Class Action – FLNC
GlobeNewswire News Room· 2025-05-05 23:34
Core Viewpoint - Rosen Law Firm is reminding purchasers of Fluence Energy, Inc. common stock about the upcoming lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company during a specified period [1][5]. Group 1: Class Action Details - The class action pertains to Fluence common stock purchases made between November 29, 2023, and February 10, 2025, with a lead plaintiff deadline set for May 12, 2025 [1][2]. - Investors who purchased stock during this period may be eligible for compensation without incurring out-of-pocket fees through a contingency fee arrangement [2][3]. - A class action lawsuit has already been filed, and interested parties can join by contacting the Rosen Law Firm [3][6]. Group 2: Allegations Against Fluence - The lawsuit alleges that Fluence made false and misleading statements regarding its business relationships and financial health, particularly concerning its ties with Siemens AG and The AES Corporation [5]. - Specific claims include that Fluence's revenue growth and margins were inflated, and that Siemens Energy accused Fluence of engineering failures and fraud [5]. - The lawsuit asserts that the defendants lacked a reasonable basis for their positive statements about Fluence's battery energy storage business and financial prospects [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes its experience and success in handling securities class actions, having achieved significant settlements for investors, including over $438 million in 2019 alone [4]. - The firm has been recognized for its leadership in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013 [4]. - The firm advises investors to choose qualified counsel with a proven track record, highlighting that many firms issuing notices may not have the necessary experience or resources [4].
The Gross Law Firm Notifies Shareholders of Fluence Energy, Inc.(FLNC) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-05-05 09:45
Core Viewpoint - Fluence Energy, Inc. is facing allegations of issuing materially false and misleading statements regarding its business relationships and financial performance during the class period from October 28, 2021, to February 10, 2025 [1] Group 1: Allegations - The complaint alleges that Fluence's relationship with its founders and 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 lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial results, growth, and prospects [1] Group 2: Class Action Details - Shareholders who purchased FLNC shares during the specified class period are encouraged to register for the class action, with a deadline of May 12, 2025 [2] - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2] - There is no cost or obligation for shareholders to participate in this case [2]
Fluence Energy, Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before May 12, 2025 to Discuss Your Rights – FLNC
GlobeNewswire News Room· 2025-05-02 17:46
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 of Fraud - The lawsuit claims that Fluence Energy made false statements regarding its relationships with major revenue sources, Siemens AG and The AES Corporation, suggesting these relationships were set to decline [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, which was not disclosed to investors [2]. - The complaint asserts that Fluence's reported margins and revenue growth were artificially inflated as Siemens and AES were planning to divest their interests [2]. - The defendants are accused of lacking a reasonable basis for their positive statements about Fluence's battery energy storage business and its financial outlook [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until May 12, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require individuals to serve as lead plaintiffs, and there are no out-of-pocket costs for class members [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].
FLNC INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In FLNC To Contact Him Directly To Discuss Their Options
Prnewswire· 2025-05-02 02:01
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Fluence Energy, Inc. due to significant losses suffered by investors, particularly following a substantial decline in the company's stock value and allegations of misleading statements regarding its financial health and business relationships [2][4][5]. Group 1: Company Overview - Fluence Energy, Inc. is publicly traded on NASDAQ under the ticker FLNC [2]. - The company has faced a 49% year-over-year revenue decline as reported on February 11, 2025, leading to a stock price drop of over 45% [5]. Group 2: Legal Allegations - The complaint against Fluence alleges violations of federal securities laws, including making false or misleading statements and failing to disclose critical information about its relationships with major partners Siemens AG and The AES Corporation [4]. - Specific allegations include claims that Siemens Energy accused Fluence of engineering failures and fraud, and that Fluence's financial results were inflated as these partners were moving to divest [4]. Group 3: Investor Impact - Investors who suffered losses exceeding $75,000 between October 28, 2021, and February 10, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The deadline for investors to seek the role of lead plaintiff in the federal securities class action is May 12, 2025 [2][6].
FLNC FINAL DEADLINE: ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages Fluence Energy, Inc. Investors to Secure Counsel Before Important May 12 Deadline in Securities Class Action – FLNC
GlobeNewswire News Room· 2025-04-30 19:24
Core Viewpoint - Rosen Law Firm is reminding purchasers of Fluence Energy, Inc. common stock about the upcoming lead plaintiff deadline for a class action lawsuit related to misleading statements made by the company during a specified class period [1][5]. Group 1: Class Action Details - The class period for the lawsuit is from November 29, 2023, to February 10, 2025, inclusive [1]. - Investors who purchased Fluence common stock during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 12, 2025 [3]. Group 2: Allegations Against Fluence - The lawsuit alleges that Fluence made false and misleading statements regarding its business relationships and financial performance [5]. - Specific claims include that Fluence's relationship with Siemens AG and The AES Corporation was expected to decline, and that Siemens Energy accused Fluence of engineering failures and fraud [5]. - The lawsuit asserts that Fluence's reported margins and revenue growth were inflated, and that the defendants lacked a reasonable basis for their positive statements about the company's battery energy storage business [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [4]. - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time [4]. - Rosen Law Firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
May 12, 2025 Deadline: Contact Levi & Korsinsky to Join Class Action Suit Against FLNC
GlobeNewswire News Room· 2025-04-29 17:09
NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- 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 October 28, 2021 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/fluen ...