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The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 12, 2025 in Fluence Energy, Inc. Lawsuit – FLNC
FLNCFluence Energy(FLNC) GlobeNewswire News Room·2025-04-03 17:02

Core Viewpoint - Fluence Energy, Inc. is facing a class action lawsuit due to allegations of issuing materially false and misleading statements regarding its business relationships and financial performance during the specified class period [3][4]. Group 1: Allegations - The lawsuit claims that Fluence's relationship with its major revenue sources, Siemens AG and The AES Corporation, was expected to decline [3]. - Siemens Energy, a U.S. affiliate of Siemens AG, has accused Fluence of engineering failures and fraud [3]. - The company's reported margins and revenue growth were allegedly inflated as Siemens and AES were moving towards divestment [3]. - The defendants are said to have lacked a reasonable basis for their positive statements regarding Fluence's battery energy storage business and its financial outlook [3]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 29, 2023, to February 10, 2025 [3]. - Shareholders who purchased FLNC shares during this period are encouraged to register for participation in the class action, with a deadline set for May 12, 2025 [4]. - Registration allows shareholders to receive updates on the case's progress through a portfolio monitoring software [4].