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Fluence Energy Investor Alert: A Call to Action for Class Action Participation

Investors in Fluence Energy, Inc. (NASDAQ: FLNC) have a crucial opportunity to take part in a class action lawsuit aimed at addressing substantial losses incurred over the past several months. Robbins Geller Rudman & Dowd LLP has announced that individuals who purchased or acquired common stock of Fluence between November 29, 2023, and February 10, 2025, are encouraged to apply for the position of lead plaintiff in the upcoming case. This legal initiative is centered around allegations of misleading statements and failures to disclose significant risks regarding the company's financial health and critical partnerships, particularly with Siemens AG and The AES Corporation.

Understanding the Allegations

The class action lawsuit, identified as Abramov v. Fluence Energy, Inc. (No. 25-cv-00444 in the Eastern District of Virginia), points out serious claims against Fluence and its top executives regarding violations of the Securities Exchange Act of 1934. The allegations suggest that the company's leadership did not adequately inform investors about a potential decline in their relationships with Siemens and AES, which comprise a significant portion of Fluence's revenue. This lack of transparency about operational challenges—including accusations of engineering failures and fraud from Siemens Energy—has spotlighted how these factors had an adverse effect on the company's financial performance.

On February 22, 2024, a report from Blue Orca Capital further intensified the scrutiny on Fluence’s disclosures, revealing that Siemens Energy had initiated legal proceedings against the company for misrepresentation and breach of contract. Following this revelation, Fluence's stock plummeted over 13%, highlighting the direct impact of these disclosures on investor sentiment.

Moreover, a troubling financial report on February 10, 2025, disclosed a staggering net loss of $57 million for the first quarter of fiscal year 2025—worsening from the $25.6 million loss in the same quarter the previous year. The announcement of a revenue drop of 49% year-over-year and a revised revenue guidance range exacerbated the situation, with the stock price subsequently declining by more than 46%. These developments raise serious concerns about the management of the company and the accuracy of the financial information provided to shareholders.

The Path Forward for Investors

The Private Securities Litigation Reform Act of 1995 allows any investor who acquired Fluence Energy common stock during the specified Class Period to put their name forward for the lead plaintiff role in this lawsuit. The lead plaintiff serves as a representative for the entire class, shaping the direction of the lawsuit and choosing a law firm to prosecute the case. While not mandatory, this position could play a pivotal role in the outcome of the proceedings, affecting potential compensation for all investors involved.

Legal representatives from Robbins Geller stand ready to guide interested parties through the process. Interested investors can call J.C. Sanchez or Jennifer N. Caringal at 800-449-4900 or email them for additional information. The deadline to apply for lead plaintiff status is May 12, 2025, emphasizing the urgency of the situation for affected investors.

About Robbins Geller Rudman & Dowd LLP

As a prominent name in securities fraud and shareholder litigation, Robbins Geller is recognized for securing significant monetary relief for investors. Having achieved top rankings in the ISS Securities Class Action Services, the firm has recovered over $2.5 billion for investors across securities-related lawsuits in recent years, making them a formidable ally for anyone seeking justice in securities class actions.

This announcement marks a critical point for Fluence Energy investors. Those who experienced significant financial losses during the specified period should not miss the opportunity to reclaim their investments through potential legal avenues. As Fluence Energy continues to navigate its challenges, investor awareness and action become paramount in the quest for transparency and accountability.