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FLNC.US
id: 1523
Fluence Energy ($FLNC) Misleading Revenue and Customer Stability Case
E.D. Virginia
Court1:25-cv-00444
Case number11/29/2023
Class period Start02/10/2025
Class period End05/12/2025
Lead Plaintiff motion deadline- $FLNC investors filed a lawsuit against Fluence Energy for concealing major financial risks and the declining support of its largest customers, Siemens and AES.
- After reporting a 49% revenue drop and a $57 million net loss on February 10, 2025, $FLNC fell 46.44%.
Case Details:
On February 10, 2025, Fluence Energy ($FLNC) reported a sharp decline in revenue and worsening financial losses.
The company announced a 49% drop in revenue year-over-year, falling to $186.8 million. It also reported a net loss of $57 million, or $0.32 per share, more than doubling its loss from the previous year.
Additionally, Fluence lowered its full-year revenue guidance to a range of $3.1 billion to $3.7 billion, down from its prior outlook of $3.6 billion to $4.4 billion. The company cited customer delays in signing contracts and increased competitive pressure as key reasons for the revised forecast.
Following this, $FLNC plummeted by 46.44%,.
Based on these events, $FLNC investors filed a lawsuit against Fluence Energy, claiming the company:
- It failed to disclose a lawsuit from Siemens Energy that accused it of fraud and contract breaches.
- It inflated financial results through aggressive accounting tactics.
Investors believe Fluence misled them about its financial strength.
Case Status
Lead Plaintiff Submission
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
02/10/2025
Filing date
03/11/2025
Lead Plaintiff Deadline
05/12/2025