FLNC 4-DAY DEADLINE ALERT: Fluence Energy's (FLNC) Troubles Mount as Investors Allege Misleading Financials and Ties to Siemens, AES - Hagens Berman
San Francisco, California--(Newsfile Corp. - May 8, 2025) - Fluence Energy, Inc. (NASDAQ: FLNC) faces mounting challenges as disappointing fiscal second-quarter results and a steep guidance revision collide with escalating legal scrutiny over alleged financial misrepresentations.
The disappointing quarter arrives amid an escalating federal securities class action lawsuit, with investors accusing Fluence of painting an overly optimistic picture of its business-and the looming May 12, 2025 deadline for lead plaintiff status only adds to the pressure on management and the stock.
Hagens Berman urges investors who purchased Fluence Energy common stock and suffered substantial losses to submit your losses now.
Lead Plaintiff Deadline: May 12, 2025
Visit: www.hbsslaw.com/investor-fraud/flnc
Contact the Firm Now: FLNC@hbsslaw.com
844-916-0895
Financials: Deepening Losses and Guidance Cut
On May 7, the Arlington, Va.-based company reported FY Q2 revenue of $431.6 million, a 31% year-over-year decline, alongside a net loss that ballooned to $41.9 million from $12.9 million in the prior-year period. Adjusted EBITDA worsened to negative $30.4 million, driven by what management called "customer-driven delays" in U.S. projects linked to tariff policy uncertainty.
The guidance reduction was stark:
- Revenue: Lowered to $2.6B-$2.8B (from $3.1B-$3.7B)
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Adjusted EBITDA: Slashed to $0-$20M (from $70M-$100M)
While 95% of the revised revenue midpoint is backed by existing backlog, the $700M cut reflects paused contracts and deferred project signings.
Securities Class Action: Allegations of Accounting Tricks and Hidden Risks
The financial turmoil arrives amid a web of class-action lawsuits alleging systemic disclosure failures. Court documents from Abramov v. Fluence Energy claim the company misrepresented the strength of its order backlog and sales pipeline, while concealing a slowdown in sales and earnings growth. Investors allege that Fluence employed aggressive revenue pull-forwards and selectively applied earnings adjustments to bolster its reported results, leaving shareholders in the dark about the true state of the business.
The company's fortunes began to unravel publicly on February 22, 2024, when short seller Blue Orca Capital released a report detailing a lawsuit filed by Siemens Energy, an affiliate of one of Fluence's founders and a major revenue source. The suit accused Fluence of misrepresentation, breach of contract, and fraud. The Blue Orca report further alleged that much of Fluence's recent growth was driven by accounting maneuvers rather than genuine business expansion. Shares fell 13 percent on the news, closing at $14.73.