#USA #New York #Pomerantz Law Firm #Fluence Energy #FLNC

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

Pomerantz Law Firm, a leading firm renowned for its expertise in securities litigation, has announced a significant class action lawsuit against Fluence Energy, Inc. (NASDAQ: FLNC). This legal action centers around allegations of securities fraud and potentially other unlawful activities by the company and key individuals affiliated with it. Investors who incurred losses while holding Fluence securities during the designated Class Period should take note and act accordingly.

Key Information for Investors

Contact Details

Investors who believe they may be affected by this lawsuit can reach out to Danielle Peyton at [email protected] or by calling 646-581-9980. For those preferring the toll-free option, call 888.4-POMLAW, ext. 7980. It’s advised that inquiries via email include essential details such as mailing address, telephone number, and the total number of shares purchased.

Class Action Overview

The class action lawsuit serves to determine whether Fluence Energy and some of its executives engaged in fraudulent practices or misrepresentation that adversely affected shareholders. Investors are reminded of the May 12, 2025, deadline to request the court to appoint themselves as Lead Plaintiff if they purchased Fluence securities during the relevant period.

Background Context

The backdrop for this lawsuit unfolds in light of a report published by Blue Orca Capital on February 22, 2024. This report disclosed troubling information regarding Fluence's financial practices and its relationship with major stakeholders, Siemens and AES. As noted, Siemens Energy had previously filed a lawsuit against Fluence, accusing it of breaching contracts and committing fraudulent acts. Furthermore, the report suggested that Fluence’s growth in sales and earnings appeared unsustainable, largely attributed to aggressive revenue tactics and questionable accounting practices.

Stock Impact

Following the release of the Blue Orca report, significant volatility was observed in Fluence’s stock. On the day of the report, shares plummeted by $2.28, translating to a 13.43% decrease, closing at $14.73.

Recent Developments

Fast forward to February 10, 2025; Fluence disclosed its fiscal results, revealing a staggering net loss of $57 million for the first quarter, a sharp decline from the previous year’s $25.6 million loss. This revelation prompted an adjustment in revenue guidance, reducing expectations from between $3.6 billion to $4.4 billion down to $3.1 billion to $3.7 billion. Following this announcement, Fluence's share price dropped an alarming 46.44%, closing at $7.00 per share on February 11, 2025.

Pomerantz’s Legacy

With a legacy of over 85 years, Pomerantz LLP has firmly established itself as a powerhouse in securities class action litigations. As a firm founded by the late Abraham L. Pomerantz, who is often referred to as the father of the class action bar, they have successfully fought for the rights of investors against corporate malpractice. Pomerantz's commitment to securing justice for victims of securities fraud reflects their long-standing reputation in the legal community.

Conclusion

This unfolding case against Fluence Energy serves as a pivotal moment for affected investors. With the deadline for action rapidly approaching, it is crucial for shareholders to remain informed and proactive. For further information, interested parties can visit Pomerantz Law Firm's website. Investors are strongly encouraged to act swiftly to protect their rights in this significant legal battle.