1. A class action lawsuit has been filed against FLNC. 2. Allegations include misleading statements by FLNC about revenue and growth. 3. Siemens AG accused FLNC of engineering failures and fraud. 4. Shareholders from October 2021 to February 2025 are eligible for recovery. 5. The deadline to register for the class action is May 12, 2025.
The allegations of fraud and misleading statements can severely tarnish FLNC's reputation and diminish investor confidence, potentially leading to a significant drop in stock price. Historical cases, like those involving Enron or Lehman Brothers, demonstrate how legal troubles can lead to steep declines in stock value.
The article outlines serious allegations which may result in legal consequences and financial losses for shareholders. This situation can lead to immediate and significant impacts on FLNC’s stock value, influencing market perceptions and investor behavior.
The stock price is likely to be affected immediately as news of the class action spreads. Investors typically react promptly to legal concerns, especially those involving fraud and misleading financial information.
The Gross Law Firm issues the following notice to shareholders of Fluence Energy, Inc. (NASDAQ: FLNC).
Shareholders who purchased shares of FLNC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
https://securitiesclasslaw.com/securities/fluence-energy-loss-submission-form/?id=143822&from=4
October 28, 2021 to February 10, 2025
The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Fluence's relationship with its founders and largest sources of revenue, Siemens AG and The AES Corporation, was poised to decline; (2) Siemens Energy, Siemens AG's U.S. affiliate, had accused the Company of engineering failures and fraud; (3) Fluence's margins and revenue growth were inflated as Siemens and AES were moving to divest; and (4) based on the foregoing, defendants lacked a reasonable basis for their positive statements related to Fluence's battery energy storage business, as well as related financial results, growth, and prospects.
May 12, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/fluence-energy-loss-submission-form/?id=143822&from=4
Once you register as a shareholder who purchased shares of FLNC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 12, 2025. There is no cost or obligation to you to participate in this case.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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The Gross Law Firm