Glancy Prongay & Murray LLP Announces Securities Fraud Class Action Lawsuit Against Fluence Energy, Inc.
LOS ANGELES, CA–(BUSiness Wire–April 28, 2025)
Glancy Prongay & Murray LLP, a renowned national shareholder rights law firm, has announced the filing of a securities fraud class action lawsuit against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ: FLNC) on behalf of investors who purchased or otherwise acquired Fluence common stock between November 29, 2023, and February 10, 2025, inclusive (the “Class Period”).
Background on Fluence Energy, Inc.
Fluence Energy, Inc. is a leading energy technology company that provides energy storage and optimization services. The Company’s mission is to transform the way the world manages energy through innovative solutions and services, enabling a more sustainable and resilient power grid.
Alleged Securities Fraud
The complaint alleges that Fluence and certain of its executive officers made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the complaint alleges that the Company misrepresented the status of its energy storage projects and the financial impact of contract cancellations.
Impact on Fluence Energy Investors
As a result of these alleged false statements and omissions, Fluence Energy investors suffered significant losses when the truth was revealed. On February 11, 2025, the Company announced that it was terminating its contract with a major customer, causing the stock price to drop by over 40% in intraday trading.
Class Action Lawsuit Details
The lead plaintiff in the class action lawsuit is seeking to recover damages on behalf of all Fluence Energy investors who purchased or otherwise acquired Fluence common stock during the Class Period. The lawsuit alleges violations of the Securities Exchange Act of 1934. Fluence Energy investors have until May 12, 2025, to file a lead plaintiff motion.
Impact on the World
The alleged securities fraud at Fluence Energy is significant because it involves a company that is at the forefront of the energy transition. Fluence’s energy storage and optimization solutions are essential for a more sustainable and resilient power grid. However, if the allegations are true, it could undermine investor confidence in the company and the broader energy transition.
Conclusion
The securities fraud class action lawsuit against Fluence Energy, Inc. could have far-reaching consequences for the Company and its investors. If you purchased or otherwise acquired Fluence Energy common stock during the Class Period and suffered losses, you may be eligible to join the class action lawsuit. It is essential to consult with an experienced securities fraud attorney to discuss your legal options.
- Glancy Prongay & Murray LLP files securities fraud class action lawsuit against Fluence Energy, Inc.
- Allegations include misrepresentations and omissions regarding energy storage projects and contract cancellations.
- Fluence Energy investors suffered significant losses when the truth was revealed.
- Lead plaintiff motion deadline is May 12, 2025.
- Impact on investor confidence in the Company and the broader energy transition.
