Fluence Energy (FLNC) Faces Investor Scrutiny Over Accounting and Ongoing SEC Investigation, Securities Class Action Pending – Hagens Berman
SAN FRANCISCO - A securities class action lawsuit, captioned Abramov v. Fluence Energy, Inc. et al., No. 1:25-cv-00444 (E.D. Va.), has been filed. The suit seeks to represent investors who purchased Fluence Energy, Inc. (NASDAQ: FLNC) common stock between November 29, 2023 and February 10, 2025.
Hagens Berman’s investigation into the claims is ongoing and the firm urges investors who purchased Fluence Energy common stock and suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys.
Class Period: Nov. 29, 2023 – Feb. 10, 2025
Lead Plaintiff Deadline: May 12, 2025
Visit: www.hbsslaw.com/investor-fraud/flnc
Contact the Firm Now: [email protected], 844-916-0895
The Fluence Energy, Inc. (FLNC) Securities Class Action:
The litigation centers on the accuracy of Fluence’s statements regarding its adherence to accounting standards and its ties to related parties, Siemens and AES. The complaint contends that Fluence, a leading provider of energy storage solutions and software, issued misleading statements while failing to reveal key information:
- The company’s reliance on Siemens AG and The AES Corporation—its founding partners and significant revenue sources—was weakening.
- Siemens Energy, the U.S. affiliate of Siemens AG, had accused Fluence of fraud and engineering defects.
- Revenue growth and profit margins were artificially inflated as Siemens and AES prepared to divest.
On February 10, 2025, investors were confronted with reality when Fluence announced poor Q1 2025 financial performance. Quarterly revenue plunged 49% year-over-year, and net losses more than doubled. The company slashed its fiscal 2025 revenue projection by $600 million at the midpoint, citing delayed contracts, and confirmed that the SEC investigation into its financial practices, first disclosed in August 2024, remained ongoing.
The fallout was swift. On February 11, 2025, Fluence shares tumbled by $6.07—a staggering 46% drop—erasing nearly $790 million in market capitalization within a single trading day.
“The firm is exploring whether Fluence may have misled investors through inaccurate financial reporting,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
If you invested in Fluence Energy and have substantial losses submit your losses now »
If you’d like more information and answers to frequently asked questions about the Fluence case and our investigation, read more »
Whistleblowers: Persons with non-public information regarding Fluence Energy should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
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About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
