Investor Alert: Robbins LLP Informs Investors of the Fluence Energy, Inc. Class Action Lawsuit

Core Viewpoint - A class action lawsuit has been filed against Fluence Energy, Inc. for allegedly misleading investors regarding its corporate relationships and accounting practices during the specified class period [1][2]. Company Overview - Fluence Energy, Inc. specializes in energy storage products and solutions, including delivery services, operational and maintenance services, and digital applications for energy storage and power assets [1]. Allegations - The lawsuit claims that Fluence failed to disclose critical information about its relationships with major revenue sources, Siemens AG and The AES Corporation, which were reportedly declining [2]. - It is alleged that Siemens Energy accused Fluence of engineering failures and fraud, and that Fluence's reported margins and revenue growth were inflated due to these relationships [2]. - The defendants are said to have lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and financial outlook [2]. Financial Performance - On February 10, 2025, Fluence reported a net loss of $57 million, or$0.32 per share, compared to a loss of $25.6 million, or$0.14 per share, in the same quarter the previous year [3]. - Revenues for the first quarter fell 49% year-over-year to $186.8 million [3]. - Fluence revised its fiscal year 2025 revenue guidance down to a range of$3.1 billion to $3.7 billion, from a previous outlook of$3.6 billion to $4.4 billion, citing customer-driven delays and competitive pressures [3]. - Following the announcement, Fluence's stock price dropped by$6.07 per share, or 46.44%, closing at $7.00 per share on February 11, 2025 [3].