1. FLNC faces a class action lawsuit for misleading investors. 2. Siemens Energy accused FLNC of engineering failures and fraud. 3. FLNC reported a net loss of $57 million for Q1 2025. 4. Stock price dropped over 46% following poor financial results. 5. Investors have until May 12, 2025, to join the lawsuit.
The lawsuits indicate potential ongoing issues, similar to past fraud allegations that devastated stock prices. For instance, Enron faced huge losses after fraudulent activities were uncovered, leading to a substantial collapse.
The extensive legal troubles and allegations of fraud directly threaten FLNC's market position and investor trust, making it highly important for stakeholders.
Ongoing legal issues and damaged investor confidence could affect FLNC over the longer term, as seen in past similar cases where uncertainty led to extended stock drops.
Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Fluence Energy, Inc. (NASDAQ: FLNC) common stock between November 29, 2023 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 Abramov v. Fluence Energy, Inc., No. 25-cv-00444 (E.D. Va.), the Fluence Energy class action lawsuit charges Fluence Energy and certain of Fluence Energy's top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Fluence Energy class action lawsuit, please provide your information here:
https://www.rgrdlaw.com/cases-fluence-energy-inc-class-action-lawsuit-flnc.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].
Fluence Energy provides energy storage and optimization software for renewables and storage applications.
The Fluence Energy class action lawsuit alleges that defendants throughout the Class Period 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 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, on February 10, 2025, the Fluence Energy class action lawsuit alleges that 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%, according to the complaint.
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Fluence Energy common stock during the Class Period to seek appointment as lead plaintiff in the Fluence Energy class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Fluence Energy class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Fluence Energy class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Fluence Energy class action lawsuit.
Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices.
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected]
SOURCE Robbins Geller Rudman & Dowd LLP