Workflow
FLUENCE ENERGY SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Fluence Energy, Inc. - FLNC
FLNCFluence Energy(FLNC) Prnewswire·2025-04-19 02:50

Core Points - ClaimsFiler reminds investors of the deadline to file lead plaintiff applications in securities class action lawsuits against Fluence Energy, Inc. for shares purchased between October 28, 2021, and February 10, 2025 [1] - The lawsuits allege that Fluence and certain executives failed to disclose material information during the class period, violating federal securities laws [3] - Fluence reported a net loss of 57million,or57 million, or 0.32 per share, for Q1 2025, compared to a loss of 25.6million,or25.6 million, or 0.14 per share, in the same period the previous year, with revenues down 49% year-over-year to 186.8million[4]FinancialPerformanceThecompanydecreaseditsrevenueguidanceforfiscalyear2025toarangeof186.8 million [4] Financial Performance - The company decreased its revenue guidance for fiscal year 2025 to a range of 3.1 billion to 3.7billion,downfromaprioroutlookof3.7 billion, down from a prior outlook of 3.6 billion to 4.4billion,citingcustomerdrivendelaysandcompetitivepressures[4]Followingtheannouncementoffinancialresults,Fluencessharepricefellby4.4 billion, citing customer-driven delays and competitive pressures [4] - Following the announcement of financial results, Fluence's share price fell by 6.07, or 46.44%, closing at $7.00 per share on February 11, 2025 [4] Legal Context - The first-filed case is Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444, with a subsequent case, Kramer v. Fluence Energy, Inc., et al., No. 25-cv-00634, expanding the class period [5]