Fluence Energy Investors Offered Chance to Lead Class Action Lawsuit

Fluence Energy Investors Offered Chance to Lead Class Action Lawsuit

2025-03-29 companies

N/A, Saturday, 29 March 2025.
Fluence Energy investors facing significant losses invited to lead class action lawsuit. Allegations include misleading financial statements and relationships, prompting a substantial stock price fall. Deadline for lead plaintiff is May 12, 2025.

Multiple prominent law firms have filed a class action lawsuit against Fluence Energy, Inc. (NASDAQ: FLNC) in the United States District Court for the Eastern District of Virginia [1][2]. The lawsuit, captioned Abramov v. Fluence Energy, Inc., No. 25-cv-00444, represents investors who purchased securities between November 29, 2023, and February 10, 2025 [3]. The legal action specifically targets investors who have suffered losses exceeding $75,000 [4].

Financial Impact and Allegations

The controversy stems from Fluence Energy’s February 10, 2025 announcement of troubling financial results. The company reported a net loss of $57 million, or $0.32 per share, alongside a dramatic 49% year-over-year revenue decline [5]. Following this news, Fluence’s stock price plummeted by $6.07, representing a 46% decrease to $7.00 per share on February 11, 2025, resulting in approximately $790 million in lost market value [6]. The lawsuit alleges that Fluence failed to disclose critical information about its deteriorating relationships with key partners Siemens AG and The AES Corporation, while facing accusations of engineering failures and fraud from Siemens Energy [1].

SEC Investigation and Revenue Guidance

Adding to investor concerns, Fluence has confirmed an ongoing SEC investigation that was first disclosed in August 2024 [7]. The company has significantly reduced its fiscal year 2025 revenue guidance, lowering projections from $3.6-4.4 billion to $3.1-3.7 billion [8]. These developments have prompted multiple law firms, including Robbins Geller Rudman & Dowd LLP and Hagens Berman, to investigate potential securities law violations [1][7].

Investors seeking to serve as lead plaintiff must file their motion with the court by May 12, 2025 [1][2][3][4]. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fluence Energy common stock during the specified period to seek appointment as lead plaintiff [1]. Additionally, whistleblowers with non-public information about Fluence Energy are being encouraged to assist in the SEC investigation, with potential rewards of up to 30% of any successful recovery [7].

Sources


Class action Investor losses