SAN DIEGO, May 9, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Fluence Energy, Inc. (NASDAQ: FLNC) Class A common stock between October 28, 2021 and February 10, 2025, both dates inclusive (the "Class Period"), have until this upcoming Monday, May 12, 2025 to seek appointment as lead plaintiff of the Fluence Energy class action lawsuit.  Captioned Kramer v. Fluence Energy, Inc., No. 25-cv-00634 (E.D. Va.), the Fluence Energy class action lawsuit charges ...

SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Fluence Energy, Inc. (NASDAQ: FLNC) Class A common stock between October 28, 2021 and February 10, 2025, both dates inclusive (the “Class Period”), have until Monday, May 12, 2025 to seek appointment as lead plaintiff of the Fluence Energy class action lawsuit. Captioned Kramer v. Fluence Energy, Inc., No. 25-cv-00634 (E.D. Va.), the Fluence Energy class action lawsuit charges Fluence En ...

SAN DIEGO, May 5, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Fluence Energy, Inc. (NASDAQ: FLNC) Class A common stock between October 28, 2021 and February 10, 2025, inclusive (the "Class Period"), have until Monday, May 12, 2025 to seek appointment as lead plaintiff of the Fluence Energy class action lawsuit.  Captioned Kramer v. Fluence Energy, Inc., No. 25-cv-00634 (E.D. Va.), the Fluence Energy class action lawsuit charges Fluence Energy and certai ...

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and undisclosed product defects impacting its financial performance and reputation [1][3]. Company Allegations - The lawsuit alleges that Fluence Energy's energy storage products had significant design and operational defects, which were not adequately addressed, leading to inflated financial metrics [3]. - Specific issues cited include defective product designs, failure to honor warranty obligations, and overstated efficacy and safety of products [3]. Project Issues - The Diablo project faced numerous defects, including slow response times in project control systems and multiple failures of inverters, leading to operational inefficiencies and safety risks [4]. - Fluence Energy delivered the Diablo project eight months late and failed to resolve warranty claims in a timely manner, contributing to a significant drop in stock price [4]. Financial Performance - In the fourth quarter of 2024, Fluence Energy projected annual revenue for fiscal 2025 between $3.6 billion and $4.4 billion, but only 65% of this was backed by current contracts, indicating a need for new orders [6]. - The company later revised its fiscal 2025 revenue guidance down to a range of $3.1 billion to $3.7 billion, a reduction of approximately $600 million, due to customer-driven delays and competitive pressures [7]. - Quarterly revenue for the first fiscal quarter of 2025 was reported at $187 million, missing consensus estimates by nearly 48%, leading to a significant decline in stock price [7].

SAN DIEGO, May 1, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Fluence Energy, Inc. (NASDAQ: FLNC) Class A common stock between October 28, 2021 and February 10, 2025, inclusive (the "Class Period"), have until May 12, 2025 to seek appointment as lead plaintiff of the Fluence Energy class action lawsuit. Captioned Kramer v. Fluence Energy, Inc., No. 25-cv-00634 (E.D. Va.), the Fluence Energy class action lawsuit charges Fluence Energy as well as certain of Fluence Energ ...