Investigations

GRABAR LAW OFFICE INVESTIGATES CLAIMS AGAINST OFFICERS AND DIRECTORS OF FLUENCE ENERGY, INC. (NASDAQ: FLNC)

Fluence Energy, Inc. provides energy storage and optimization software for renewables and storage applications.

According to a recently filed securities fraud class action complaint, it is alleged that Fluence Energy, Inc. (NASDAQ: FLNC), via certain of its officers, made false and/or misleading statements and/or failed to disclose that: (i) Fluence Energy’s relationship with its founders and largest sources of revenue, Siemens AG and The AES Corporation, was poised to decline; (ii) Siemens Energy, Siemens AG’s U.S. affiliate, had accused Fluence Energy of engineering failures and fraud; and (iii) Fluence Energy’s margins and revenue growth were inflated as Siemens AG and The AES Corporation were moving to divest.

The Fluence Energy securities fraud class action lawsuit further alleges that on February 22, 2024, Blue Orca Capital issued a report revealing that Fluence Energy failed to disclose that Siemens Energy had filed a lawsuit accusing Fluence Energy of misrepresentations, breach of contract, and fraud.  On this news, the price of Fluence Energy common stock fell more than 13%, according to the complaint.

Then, as alleged in the underlying complaint, on February 10, 2025, Fluence Energy announced its financial results for the first quarter of its fiscal year 2025, reporting a net loss of $57 million, compared to a loss of $25.6 million for the same period in the prior year, with revenues falling 49% year-over-year, and lowering revenue guidance to a range of $3.1 billion to $3.7 billion, from its prior outlook of $3.6 billion to $4.4 billion.  On this news, the price of Fluence Energy common stock fell more than 46%.

If you purchased Fluence Energy (NSADAQ: FLNC) shares either prior to the start of the November 29, 2023 damages period, or during the period of November 29, 2023 to  February 10, 2025 (the “Class Period”) and would like to learn more about your rights, you are encouraged to contact Joshua Grabar at [email protected], or call 267-507-6085.

You may be able to seek corporate reforms, damages, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.

 

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