#United States #Robbins Geller #San Diego #Class Action #Fluence Energy

Investor Alert: Class Action Lawsuit Against Fluence Energy, Inc.

In a significant development for investors, Fluence Energy, Inc. (NASDAQ: FLNC) is facing allegations leading to a class action lawsuit, with potential plaintiffs having until May 12, 2025, to step forward. This legal action is spearheaded by Robbins Geller Rudman & Dowd LLP and pertains to the period between November 29, 2023, and February 10, 2025.

Background of the Lawsuit

The class action, titled Abramov v. Fluence Energy, Inc., can be traced back to alleged violations of the Securities Exchange Act of 1934. Investors who suffered substantial losses during the outlined period are encouraged to seek the appointment as the lead plaintiff. The litigation claims that Fluence Energy, along with key executives, engaged in deceptive practices, misleading shareholders about the company’s financial stability and relationships with major partners like Siemens AG and The AES Corporation.

Key Allegations

Plaintiffs allege that Fluence Energy failed to disclose critical information regarding its operational partnerships during the class period. Specifically, the lawsuit points out that:

• - The company’s connections with its founders and primary revenue sources were deteriorating.
• - Siemens AG's U.S. counterpart accused Fluence Energy of engineering failures and fraud, which remained undisclosed to investors.
• - There were inflated margins and revenue predictions, misleading investors about the company's true financial health.

On February 22, 2024, a report from Blue Orca Capital highlighted these discrepancies, which escalated concerns as it revealed a pending lawsuit by Siemens Energy against Fluence for breach of contract and misrepresentation. Following this disclosure, Fluence's stock plummeted over 13% in value.

Rapidly deteriorating financial conditions further fueled investor worries when, on February 10, 2025, the company announced a staggering net loss of $57 million for the first quarter, a drastic increase from the previous year's loss of $25.6 million. This financial downturn, accompanied by a revenue drop of 49% year-over-year, resulted in a devastating 46% decline in stock value for Fluence Energy following their revised lower revenue projections, down from an initially optimistic forecast.

The Role of a Lead Plaintiff

Investors looking to serve as lead plaintiff must demonstrate a significant financial interest in the case and be representative of the larger class of affected investors. The process allows the lead plaintiff to dictate legal strategy and select a preferred law firm for litigation. Importantly, participation in the lawsuit doesn’t alter the ability of individual investors to receive compensation in any potential settlement or recovery, should the case prove successful.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP stands as a leader in securities fraud and shareholder litigation. The firm has a notable history, having been recognized for securing substantial monetary relief for investors over the last several years. In 2024 alone, they recovered over $2.5 billion for class action cases, marking a spectacular achievement in investor representation.

For anyone driven by the potential for recovery and seeking more information or to declare their intention to lead in the lawsuit, Robbins Geller's team of dedicated attorneys, including J.C. Sanchez and Jennifer N. Caringal, are available via phone or email for inquiries and support.

Conclusion

This impending class action against Fluence Energy underscores a critical moment for investors who may have suffered severe financial losses. The legal proceedings could set a precedent for accountability in executive conduct and transparency within the energy sector. It serves as a reminder of the importance of corporate governance, especially in industries dependent on trust and investment.

For more details on the legal proceedings and how to join the lawsuit, potential plaintiffs can visit the Robbins Geller website directly.