Investigations
Fluence Energy, Inc.
Overview
Overview
- Deadline:
- May 12, 2025
| Company Name: | Company Name: Fluence Energy, Inc. |
| Stock Symbol: | Stock Symbol: FLNC |
Fluence Energy, Inc. (NASDAQ: FLNC): Fluence Energy, Inc. (“Fluence Energy” or the “Company”) and certain of the Company’s senior executives have been sued for violations of the federal securities laws. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Fluence Energy stock. The case is pending in the U.S. District Court for the Eastern District of Virginia and is captioned Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444.
If you incurred losses on your investments in Fluence Energy, you are encouraged to submit your information.
Why was Fluence Energy Sued for Securities Fraud?
Fluence Energy, through its subsidiaries, offers energy storage products and solutions, delivery services, recurring operational and maintenance services, and digital applications and solutions for energy storage and other power assets.
As alleged, Fluence Energy misrepresented the strength of its competitive position, sales pipeline, and backlog of orders. In reality, Fluence Energy’s sales and earnings growth were poised to decline because Siemens Energy—an affiliate of one of the company’s founders and largest sources of revenue—accused Fluence of engineering failures and fraud. Fluence allegedly concealed that decline by engaging in aggressive revenue pull-forwards and selectively applied earnings adjustments.
The Stock Declines as the Truth is Revealed
On February 22, 2024, Blue Orca Capital issued a report revealing that Siemens Energy filed a lawsuit accusing Fluence Energy of misrepresentations, breach of contract, and fraud. The Blue Orca report also revealed that while Fluence Energy appeared to steadily move towards generating positive earnings, much of its sales and earnings growth was the result of aggressive revenue pull-forwards and selectively applied earnings adjustments.
This news caused the price of Fluence Energy stock to decline 13%, from a closing price of $17.01 per share on February 21, 2024 to $14.73 per share on February 22, 2024.
Then, on February 10, 2025, Fluence Energy issued a press release announcing its financial results for Q1 2025. Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, and lowered its revenue guidance for the remainder of the year. According to Fluence, “[w]e have experienced customer-driven delays in signing certain contracts that, coupled with competitive pressures, result in the need to lower our fiscal year 2025 outlook.”
This news caused the price of Fluence Energy stock to decline 46%, to close at $7.00 per share on February 11, 2025.
What are my Rights?
If you purchased or otherwise acquired Fluence Energy securities, you may ask the Court no later than May 12, 2025, which is the first business day after 60 days from the date of the publication of notice of pendency of the action, to appoint you as Lead Plaintiff through counsel of your choice. To be a member of the Class, you need not take any action at this time. The ability to share in any potential future recovery is not dependent on serving as Lead Plaintiff.
If you incurred losses on your investments in Fluence Energy, you are encouraged to submit your information to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The Firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.
If you incurred losses on your investments in Fluence Energy, you are encouraged to submit your information.
Why was Fluence Energy Sued for Securities Fraud?
Fluence Energy, through its subsidiaries, offers energy storage products and solutions, delivery services, recurring operational and maintenance services, and digital applications and solutions for energy storage and other power assets.
As alleged, Fluence Energy misrepresented the strength of its competitive position, sales pipeline, and backlog of orders. In reality, Fluence Energy’s sales and earnings growth were poised to decline because Siemens Energy—an affiliate of one of the company’s founders and largest sources of revenue—accused Fluence of engineering failures and fraud. Fluence allegedly concealed that decline by engaging in aggressive revenue pull-forwards and selectively applied earnings adjustments.
The Stock Declines as the Truth is Revealed
On February 22, 2024, Blue Orca Capital issued a report revealing that Siemens Energy filed a lawsuit accusing Fluence Energy of misrepresentations, breach of contract, and fraud. The Blue Orca report also revealed that while Fluence Energy appeared to steadily move towards generating positive earnings, much of its sales and earnings growth was the result of aggressive revenue pull-forwards and selectively applied earnings adjustments.
This news caused the price of Fluence Energy stock to decline 13%, from a closing price of $17.01 per share on February 21, 2024 to $14.73 per share on February 22, 2024.
Then, on February 10, 2025, Fluence Energy issued a press release announcing its financial results for Q1 2025. Fluence Energy reported a net loss of $57 million, or $0.32 per share, with revenues falling 49% year-over-year, and lowered its revenue guidance for the remainder of the year. According to Fluence, “[w]e have experienced customer-driven delays in signing certain contracts that, coupled with competitive pressures, result in the need to lower our fiscal year 2025 outlook.”
This news caused the price of Fluence Energy stock to decline 46%, to close at $7.00 per share on February 11, 2025.
What are my Rights?
If you purchased or otherwise acquired Fluence Energy securities, you may ask the Court no later than May 12, 2025, which is the first business day after 60 days from the date of the publication of notice of pendency of the action, to appoint you as Lead Plaintiff through counsel of your choice. To be a member of the Class, you need not take any action at this time. The ability to share in any potential future recovery is not dependent on serving as Lead Plaintiff.
If you incurred losses on your investments in Fluence Energy, you are encouraged to submit your information to speak with an attorney about your rights.
You can also contact:
Ross Shikowitz
ross@bfalaw.com
212-789-3619
All representation is on a contingency fee basis. Shareholders are not responsible for any court costs or expenses of litigation. The Firm will seek court approval for any potential fees and expenses.
Why Bleichmar Fonti & Auld LLP?
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
Attorney advertising. Past results do not guarantee future outcomes.