Fluence Energy, Inc.

february 11, 2025

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Principle Contacts

Pamela Mayer

PMayer@kaplanfox.com

Laurence D. King

LKing@kaplanfox.com

Kaplan Fox & Kilsheimer LLP is Investigating Fluence Energy, Inc. (FLNC) for Potential Securities Law Violations

Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ: FLNC).

CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION

If you are a Fluence investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On February 22, 2024, Blue Orca Capital issued a report that alleges: “We are short Fluence Energy, Inc. (“Fluence” or the “Company”), because undisclosed to investors, the U.S. affiliate of its largest shareholder and corporate parent, Siemens, has a filed a lawsuit accusing Fluence of a laundry list of embarrassing and costly engineering and design failures, false representations, and most notably fraud.”  The report further alleges “[u]ltimately, we think Fluence is facing a perfect storm of crushing lawsuits, angry customers, major shareholders withdrawing generous subsidies, massive insider dumping and a tidal wave of coming dilution.”

Following this news, the price of Fluence stock fell $2.28 per share, or over 13%, to close at $14.73 per share on February 22, 2024.

On August 7, 2024, Fluence disclosed in the Company’s quarterly filing with the U.S. Securities and Exchange Commission (“SEC”), that “the SEC is conducting a formal investigation and asking for certain information regarding the Company’s financial reporting.”  Further, the SEC filing states “[b]ased on the information requested by the SEC, we believe that the SEC is reviewing the Company’s revenue recognition practices, a previously-disclosed material weakness in internal controls, capitalization of internal-use software costs, as well as certain service contracts with related parties.”

Then on February 10, 2025, after markets closed, the Company announced its 2025 first quarter results, including a 49% year-over-year revenue decline and significantly lowered 2025 revenue guidance to a range of $3.1 billion to $3.7 billion from its prior guidance of $3.6 billion to $4.4 billion.  The lower 2025 guidance was attributed to “customer-driven delays in signing certain contracts [] coupled with competitive pressures.”

On this news, the price of Fluence stock fell $6.63, or over 49%, during intraday trading on February 11, 2025.

WHY CONTACT KAPLAN FOX

Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.  With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

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If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com