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FLUENCE ENERGY SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC 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) GlobeNewswire News Room·2025-04-23 02:28

Core Viewpoint - Fluence Energy, Inc. is facing securities class action lawsuits due to alleged failure to disclose material information during the class period from October 28, 2021, to February 10, 2025, which has led to significant financial losses for investors [1][3]. Financial Performance - For Q1 2025, Fluence reported a net loss of 57million,or57 million, or 0.32 per share, compared to a loss of 25.6million,or25.6 million, or 0.14 per share, in the same period the previous year [4]. - Revenues decreased by 49% year-over-year to 186.8million,andthecompanylowereditsrevenueguidanceforfiscalyear2025toarangeof186.8 million, and the company lowered 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[4].Followingtheannouncementoftheseresults,Fluencessharepricedroppedby4.4 billion [4]. - Following the announcement of these results, Fluence's share price dropped by 6.07, or 46.44%, closing at $7.00 per share on February 11, 2025 [4]. Legal Context - The lawsuits allege that Fluence and certain executives violated federal securities laws by failing to disclose material information during the class period [3]. - The first-filed case is Abramov v. Fluence Energy, Inc., et al., and a subsequent case, Kramer v. Fluence Energy, Inc., expanded the class period [5]. Company Background - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm, ranked among the top 10 firms nationally based on total settlement value [5]. - The firm represents a variety of clients, including public and private institutional investors, in seeking recoveries for investment losses due to corporate fraud or malfeasance [5].