PHILADELPHIA, April 09, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ: FLNC) on behalf of purchasers of Fluence securities between November 29, 2023 through February 10, 2025, inclusive (the “Class Period”).
Investor Deadline: Investors who purchased or acquired Fluence securities during the Class Period may, no later than MAY 12, 2025, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.
According to the suit, on February 22, 2024, Blue Orca Capital issued a report revealing that Siemens had sued Fluence for misrepresentation, breach of contract, and fraud.
On this news, the price of Fluence common stock fell more than 13%, or $2.28 per share, from a closing price of $17.01 per share on February 21, 2024 to a close of $14.73 per share on February 22, 2024.
Then, on February 10, 2025, Fluence disclosed its financial results for Q1 fiscal 2025, reporting a net loss of $57 million with revenues falling 49% year-over-year. Worse, the Company significantly lowered revenue guidance.
On this news, the price of Fluence Energy common stock fell $6.07 – or more than 46% – from a close of $13.07 on February 10, 2025 to a close of $7.00 on February 11.
To learn your rights or for more information, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Peter Hamner at phamner@bm.net.
A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.
Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Contact:
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
Peter Hamner
Berger Montague PC
phamner@bm.net
