Core Viewpoint - The Fluence Energy class action lawsuit alleges violations of the Securities Exchange Act of 1934 by Fluence Energy and certain executives, representing purchasers of Fluence Energy common stock [1][4]. Group 1: Allegations and Financial Impact - The lawsuit claims that Fluence Energy misled investors about its relationships with major revenue sources, Siemens AG and The AES Corporation, which were expected to decline [4]. - Siemens Energy accused Fluence Energy of engineering failures and fraud, which was not disclosed to investors [4]. - A report from Blue Orca Capital revealed that Fluence Energy failed to disclose a lawsuit from Siemens Energy, leading to a stock price drop of over 13% [5]. - Fluence Energy reported a net loss of $57 million for Q1 2025, a significant increase from a loss of $25.6 million in the same period the previous year, with revenues falling 49% year-over-year [6]. - Following the financial results announcement, Fluence Energy's stock price fell more than 46% [6]. Group 2: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fluence Energy common stock during the Class Period to seek appointment as lead plaintiff in the lawsuit [7]. - The lead plaintiff represents the interests of all class members and can select a law firm of their choice for litigation [7]. Group 3: Company Background - Fluence Energy specializes in energy storage and optimization software for renewable energy and storage applications [3]. - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is a leading firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8].

Core Viewpoint - Fluence Energy is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims related to misleading statements and undisclosed issues regarding its relationships with major partners [1][4]. Company Overview - Fluence Energy specializes in energy storage and optimization software for renewable energy and storage applications [3]. Allegations and Financial Impact - The lawsuit claims that Fluence Energy's relationship with its founders and major revenue sources, Siemens AG and The AES Corporation, was expected to decline, and that Siemens Energy accused Fluence of engineering failures and fraud [4]. - A report from Blue Orca Capital revealed that Fluence Energy failed to disclose a lawsuit from Siemens Energy, which accused it of misrepresentations and fraud, leading to a stock price drop of over 13% [5]. - In its Q1 fiscal year 2025 results, Fluence reported a net loss of $57 million, a significant increase from a loss of $25.6 million in the same period the previous year, with revenues falling 49% year-over-year and a lowered revenue guidance range of $3.1 billion to $3.7 billion, down from $3.6 billion to $4.4 billion, resulting in a stock price decline of over 46% [6].

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims of misleading statements and undisclosed issues regarding its relationships with major partners [1][3]. Group 1: Lawsuit Details - The class action lawsuit is titled Abramov v. Fluence Energy, Inc. and covers purchasers of Fluence Energy common stock from November 29, 2023, to February 10, 2025 [1]. - Allegations include that Fluence Energy's relationship with Siemens AG and The AES Corporation was expected to decline, and that Siemens Energy accused Fluence of engineering failures and fraud [3]. - A report from Blue Orca Capital on February 22, 2024, revealed that Siemens Energy had filed a lawsuit against Fluence Energy for misrepresentations and fraud, leading to a stock price drop of over 13% [4]. Group 2: Financial Performance - On February 10, 2025, Fluence Energy reported a net loss of $57 million for Q1 of fiscal year 2025, compared to a loss of $25.6 million in the same period the previous year, with revenues falling 49% year-over-year [5]. - The company lowered its revenue guidance to a range of $3.1 billion to $3.7 billion, down from a prior outlook of $3.6 billion to $4.4 billion, resulting in a stock price decline of over 46% [5]. Group 3: Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fluence Energy common stock during the class period to seek appointment as lead plaintiff in the lawsuit [6]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [6]. Group 4: Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7]. - The firm has been ranked 1 in securing monetary relief for investors in securities class action cases for four out of the last five years [7].

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 issues regarding its relationships with major partners and financial performance [1][3][4]. Company Overview - Fluence Energy provides energy storage and optimization software for renewable energy and storage applications [2]. Allegations - The lawsuit alleges that Fluence Energy's relationship with its founders and major revenue sources, Siemens AG and The AES Corporation, was expected to decline [3]. - Siemens Energy accused Fluence Energy of engineering failures and fraud, which was not disclosed to investors [3]. - The lawsuit claims that Fluence Energy's reported margins and revenue growth were inflated as Siemens AG and The AES Corporation were moving to divest [3]. Financial Performance - On February 10, 2025, Fluence Energy reported a net loss of $57 million for Q1 of fiscal year 2025, compared to a loss of $25.6 million in the same period the previous year [5]. - Revenues fell by 49% year-over-year, and the company lowered its revenue guidance to a range of $3.1 billion to $3.7 billion from a prior outlook of $3.6 billion to $4.4 billion [5]. - Following the financial results announcement, Fluence Energy's stock price dropped by more than 46% [5]. Legal Process - Investors who purchased Fluence Energy common stock during the class period can seek appointment as lead plaintiff in the class action lawsuit [6]. - The lead plaintiff represents the interests of all class members and can select a law firm to litigate the case [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7].