Fluence Energy Shareholders File Securities Fraud Lawsuit

A securities class action lawsuit has been filed against Fluence Energy Inc. (FLNC) on behalf of investors who purchased the company's securities between November 29, 2023, and February 10, 2025. The lawsuit alleges that defendants misled investors about the company's relationship with Siemens AG and AES Corporation, which was poised to decline due to engineering failures and fraud allegations. The suit also claims that investors first learned the truth on February 22, 2024, and again on February 10, 2025, resulting in significant stock price declines.

Philadelphia, Pennsylvania -- April 8, 2025 -- A securities class action lawsuit has been filed against Fluence Energy Inc. (FLNC) on behalf of investors who purchased the company's securities between November 29, 2023, and February 10, 2025. The lawsuit alleges that Fluence Energy misled investors about the company's relationship with Siemens AG and The AES Corporation, which was poised to decline due to engineering failures and fraud allegations.

According to the lawsuit, Fluence Energy, a provider of electricity storage and software solutions, made false and misleading statements about its relationship with Siemens AG and The AES Corporation. These statements were made during the class period, which included the period from November 29, 2023, to February 10, 2025. The lawsuit alleges that Fluence Energy's revenue growth and margins were artificially inflated due to these relationships.

Investors first learned the truth on February 22, 2024, when Blue Orca Capital issued a report revealing that Siemens had sued Fluence for misrepresentation, breach of contract, and fraud. On this news, the price of Fluence common stock fell more than 13%, or $2.28 per share, from a closing price of $17.01 per share on February 21, 2024, to a close of $14.73 per share on February 22, 2024.

Then, on February 10, 2025, Fluence disclosed its financial results for Q1 fiscal 2025, reporting a net loss of $57 million with revenues falling 49% year-over-year. The company also significantly lowered its revenue guidance. On this news, the price of Fluence Energy common stock fell $6.07, or more than 46%, from a close of $13.07 on February 10, 2025, to a close of $7.00 on February 11, 2025.

The lawsuit alleges that Fluence Energy's statements and omissions were false and misleading and that investors relied on these statements when making investment decisions. The lawsuit seeks damages for investors who purchased or acquired Fluence securities during the class period.

Investors who purchased or acquired Fluence securities during the class period may seek to be appointed as a lead plaintiff representative of the class. The deadline for investors to seek this appointment is May 12, 2025. For more information, investors can contact Berger Montague PC at (215) 875-3015 or via email to Andrew Abramowitz at aabramowitz@bm.net or Peter Hamner at phamner@bm.net.

Fluence Energy has not yet responded to the lawsuit. The company's stock has been volatile in recent months, reflecting the uncertainty surrounding the allegations and the ongoing SEC investigation into the company's financial reporting.

The lawsuit is a reminder for investors to be cautious and conduct thorough due diligence before making investment decisions. It also highlights the importance of transparency and accountability in corporate reporting.