#Class Action #Pomerantz Law #Fluence Energy

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

In a significant legal development, Pomerantz LLP has recently filed a class action lawsuit against Fluence Energy, Inc. (NASDAQ: FLNC), prompting many investors to take notice. As the firm advocates for those who may have suffered losses in this turbulent market, it is imperative for affected investors to understand their rights and the upcoming deadlines to take action.

Background on Fluence Energy, Inc.

Fluence Energy has positioned itself as a notable player in the energy sector, particularly within renewable energy solutions. However, several recent events, including deteriorating financial performance, have caused concern among stakeholders. In February 2024, revelations from a report by Blue Orca Capital indicated troubling practices related to the financial reporting and management strategies of the company, including misleading statements regarding revenue growth tied to considerable adjustments and revenue pull-forwards.

These findings raised alarm bells, leading to a substantial drop in Fluence's stock price by 13.43%, closing at $14.73 per share shortly after the news broke. The implications of these events prompted allegations of securities fraud against the company's officers and directors.

Financial Troubles Intensify

Further compounding the challenges faced by the company, Fluence published its first quarter fiscal results for 2025 revealing a staggering net loss of $57 million, significantly worsened from a $25.6 million loss from the previous year. Revenues plummeted by 49% year-over-year, falling to $186.8 million. In addition, the company adjusted its revenue guidance downward, reflecting expected earnings of only $3.1 billion to $3.7 billion instead of the previously projected $3.6 billion to $4.4 billion. The press release cited