Fluence Energy(FLNC) Prnewswire·2025-04-28 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fluence Energy, Inc. regarding a class action lawsuit alleging misleading statements and undisclosed information that may have inflated the company's stock price during the specified class period [1]. Allegations - The lawsuit claims that Fluence's relationship with its major revenue sources, Siemens AG and The AES Corporation, was expected to decline [1]. - Siemens Energy, a U.S. affiliate of Siemens AG, has accused Fluence of engineering failures and fraud [1]. - The company's reported margins and revenue growth were allegedly inflated as Siemens and AES were moving towards divestment [1]. - Due to these factors, 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 [1]. Class Action Details - The class period for the lawsuit is from October 28, 2021, to February 10, 2025 [1]. - Shareholders are encouraged to register for the class action by May 12, 2025, to potentially be appointed as lead plaintiffs [2]. - There is no cost or obligation for shareholders to participate in the case [2]. Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices [3]. - The firm is dedicated to ensuring companies engage in responsible business practices and good corporate citizenship [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that led to artificial inflation of stock prices [3].