Archived Investigations
Fluence Energy, Inc. (NasdaqGS: FLNC)
Fluence and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 10, 2025, the Company announced its financial results for 1Q 2025, disclosing a net loss of $57 million, or $0.32 per share, compared to a loss of $25.6 million, or $0.14 per share, for the same period in the prior year, revenues down 49% year-over-year to $186.8 million, and decreased revenue guidance for fiscal year 2025, to a range of $3.1 billion to $3.7 billion, from its prior outlook of $3.6 billion to $4.4 billion, due to “customer-driven delays in signing certain contracts that, coupled with competitive pressures, result in the need to lower our fiscal year 2025 outlook.”
On this news, the price of Fluence’s shares fell $6.07 per share, or 46.44%, to close at $7.00 per share on February 11, 2025.
The first-filed case is Abramov v. Fluence Energy, Inc., et al., No. 25-cv-00444. A subsequent case, Kramer v. Fluence Energy, Inc., et al., No. 25-cv-00634, expanded the class period.