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The filed complaint alleges that Fluence Energy, Inc made materially false and/or misleading statements and/or failed to disclose that: (1) the Company’s ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities, including facilities that were not completed, not operational, and/or not capable of producing at the volumes the guidance assumed; (2) the corrective measures the Company had implemented to address production problems at its contract manufacturers were not remediating those problems, which persisted and extended to the Company’s new facilities; (3) as a result, a material portion of the backlog that defendants represented as “securing” or “covering” the Company’s fiscal 2026 revenue guidance were likely to be delivered and recognized in fiscal 2026; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Investors who purchased or otherwise acquired Fluence Energy, Inc. securities within the class period described above and suffered losses may be eligible.
If you suffered a loss in Fluence Energy, Inc. during the relevant time frame or pursuant to the relevant offering(s), you have until November 27, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
● The Allegation: The complaint alleges Fluence Energy made materially false and misleading statements by touting record fiscal 2026 revenue guidance as "secured" and "covered" by backlog, while allegedly failing to disclose that delivery of that backlog depended on new contract manufacturing facilities that were not completed, not operational, or not capable of producing at the volumes the guidance assumed.
● The Stock Drop: On February 5, 2026, FLNC fell $10.04 per share, or 34.63%, to close at $18.95 per share after the company reported a sharply lower first quarter 2026 gross margin and widening losses; the stock fell an additional $1.39 per share, or 15.36%, to close at $7.66 per share on September 17, 2026, after the company slashed its full year guidance again citing contract manufacturing ramp-up delays; and $1.02 per share, or 7.17%, to close at $13.21 per share on August 6, 2026, after the company disclosed production delays at new manufacturing facilities and cut its guidance.
● Class Period & Defendants: The class period runs from November 24, 2025 through September 16, 2026, inclusive. The named defendants are Fluence Energy, Inc., Julian Jose Nebreda Marquez (Chief Executive Officer), and Ahmed Pasha (Chief Financial Officer).
● Lead Plaintiff Deadline: November 27, 2026. Investors who wish to seek appointment as lead plaintiff must apply by the deadline.
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Fluence Energy Class Action Summary |
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Company |
Fluence Energy, Inc. (NASDAQ: FLNC) |
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Lead Plaintiff Deadline |
November 27, 2026 |
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Class Period |
November 24, 2025 – September 16, 2026 |
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Stock Drop |
February 5, 2026 – FLNC fell $10.04 (34.63%) to $18.95; August 6, 2026 – FLNC fell $1.02 (7.17%) to $13.21; September 17, 2026 – FLNC fell $1.39 (15.36%) to $7.66 |
A securities class action lawsuit has been filed on behalf of investors in Fluence Energy, Inc. (NASDAQ: FLNC). The lawsuit covers the period from November 24, 2025 through September 16, 2026.
The complaint alleges that Fluence Energy made materially false and misleading statements about its business. It says the company told investors its record fiscal 2026 revenue guidance was largely secured by backlog. But the lawsuit claims the company hid that this backlog depended on new manufacturing plants that were not finished or able to produce at the needed volumes.
As the alleged problems emerged, the company cut its guidance twice and reported weaker results. Fluence Energy stock dropped sharply on each disclosure. The complaint alleges investors suffered significant losses as a result.
Fluence Energy, Inc. provides energy storage and optimization software and hardware for renewables and storage applications. The company is incorporated in Delaware, maintains its principal executive offices in Arlington, Virginia, and trades on the NASDAQ under the ticker symbol FLNC.
November 24, 2025–September 16, 2026
Investors who purchased or acquired Fluence Energy (FLNC) securities during the Class Period may be eligible to seek recovery under the federal securities laws.
The complaint centers on statements defendants made about Fluence Energy's ability to convert a record backlog into revenue during fiscal year 2026. On November 24, 2025, the company initiated fiscal year 2026 guidance projecting revenue of approximately $3.2 billion to $3.6 billion, a significant increase from fiscal year 2025 revenue of $2.3 billion, along with adjusted EBITDA of approximately $40.0 million to $60.0 million. Defendant Ahmed Pasha, the Chief Financial Officer, stated that approximately 85% of the revenue forecast was "already secured in our backlog," while Chief Executive Officer Julian Nebreda touted the company as well positioned to capitalize on accelerating demand.
According to the complaint, the company's fiscal 2025 Form 10-K, filed November 25, 2025, told investors it maintained sufficient manufacturing and supply chain resources to "meet the needs of our operations and demand of our customers." The filing also stated the company was "actively working with our contract manufacturers to implement advanced manufacturing technologies" and represented that corrective measures it had put in place "will remediate the adverse impact on the contract manufacturers production issues."
The lawsuit alleges these statements were materially false and misleading. The complaint claims defendants failed to disclose that the company's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities that were not completed, not operational, or not capable of producing at the volumes the guidance assumed. It further alleges the corrective measures were not remediating the production problems, which persisted and extended to the company's new facilities.
According to the complaint, defendants failed to disclose that delivering the backlog and recognizing the related fiscal 2026 revenue depended on new facilities that were not completed, operational, or capable of producing at the assumed volumes. The lawsuit alleges defendants' positive statements about the company's business, operations, and prospects lacked a reasonable basis and that defendants knew or recklessly disregarded the true state of the company's manufacturing capacity.
The complaint alleges the truth began to partially emerge on February 4, 2026, after the market closed, when Fluence Energy reported first quarter 2026 results showing a GAAP gross profit margin of approximately 4.9%, a 6.5 percentage point decline year over year, along with a widened net loss of $62.6 million. Even so, the company reaffirmed its fiscal year 2026 guidance and continued to point to accelerating data center and utility demand.
The disclosures continued on August 5, 2026, when the company announced third quarter results and revealed that revenue was "weaker than expected, primarily reflecting production delays at new contract manufacturing facilities." Adjusted gross profit margin fell to approximately 5.9%, compared to approximately 15.4% a year earlier. The company disclosed that it now expected $400.0 million in project deliveries to be delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction related delays affecting a new U.S. facility, and it cut its fiscal 2026 revenue guidance by $0.4 billion at the midpoint and adjusted EBITDA guidance by $60 million at the midpoint.
The final disclosure came on September 16, 2026, after the market closed, when Fluence Energy issued a mid-quarter guidance update cutting full year revenue guidance again by approximately $0.6 billion, to $2.4 billion, and slashing full year adjusted EBITDA guidance from a loss of approximately $10 million to a loss of approximately $200 million. The company attributed the revision to ongoing "delays in the ramp-up of our contract manufacturing facility," specifically its facility in Houston. The complaint alleges these disclosures revealed production and delivery problems that undermined defendants' earlier assurances that fiscal 2026 revenue was secured or covered by backlog.
The market responded sharply to each disclosure. Following the February 4, 2026 first quarter results, Fluence Energy stock fell $10.04 per share, or 34.63%, to close at $18.95 per share on February 5, 2026, on unusually heavy trading volume. After the August 5, 2026 third quarter results and guidance cut, the stock fell $1.02 per share, or 7.17%, to close at $13.21 per share on August 6, 2026, again on unusually heavy volume.
The decline continued after the September 16, 2026 mid-quarter guidance update, when Fluence Energy stock fell $1.39 per share, or 15.36%, to close at $7.66 per share on September 17, 2026, on unusually heavy trading volume. The complaint notes that on February 3, 2026, the company's share price had closed at a Class Period high of $32.23 per share, underscoring the magnitude of the decline over the course of the alleged disclosures.
● Lead Plaintiff Deadline: November 27, 2026
● After the lead plaintiff deadline, the Court will consider any lead plaintiff motions.
● Defendants may file a motion to dismiss.
● If the case proceeds, the Court may later consider class certification.
Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. Prior results do not guarantee similar outcomes.
The Fluence Energy securities class action lawsuit alleges that the company and two of its executives made materially false and misleading statements between November 24, 2025 and September 16, 2026. According to the complaint, defendants told investors that Fluence Energy's record fiscal 2026 revenue guidance was largely secured by backlog. The complaint alleges they failed to disclose that delivering that backlog depended on new contract manufacturing facilities that were not completed, not operational, or not capable of producing at the volumes the guidance assumed, and that corrective measures were not fixing the production problems.
The defendants named in the complaint are Fluence Energy, Inc. and two individual defendants: Julian Jose Nebreda Marquez, the company's Chief Executive Officer, and Ahmed Pasha, the company's Chief Financial Officer. According to the complaint, both individual defendants held their positions at all relevant times and possessed the authority to control the contents of the company's SEC reports, press releases, and presentations. The lawsuit alleges they knew or recklessly disregarded that the company's positive statements about its manufacturing capacity and revenue guidance were materially misleading.
The class period runs from November 24, 2025 through September 16, 2026, inclusive. Investors who purchased or otherwise acquired Fluence Energy (FLNC) securities during this period and suffered financial losses may be eligible. The class period begins with the company's November 24, 2025 press release initiating fiscal 2026 guidance and ends with the September 16, 2026 mid-quarter guidance update, after which the stock declined significantly, according to the complaint.
According to the complaint, Fluence Energy stock declined on three separate disclosure dates. On February 5, 2026, the stock fell $10.04 per share, or 34.63%, to close at $18.95 per share. On August 6, 2026, it fell $1.02 per share, or 7.17%, to close at $13.21 per share. On September 17, 2026, it fell $1.39 per share, or 15.36%, to close at $7.66 per share. Each decline occurred on unusually heavy trading volume, the complaint states.
The complaint alleges Fluence Energy failed to disclose that its ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance depended on new contract manufacturing facilities that were not completed, not operational, or not capable of producing at the required volumes. According to the complaint, the corrective measures the company said it had implemented were not remediating production problems, which persisted and extended to new facilities. The complaint further alleges that these manufacturing issues affected the company's ability to deliver its backlog and recognize the revenue underlying its fiscal 2026 guidance.
A lead plaintiff is an investor appointed by the court to represent the interests of the entire class in a securities class action. The lead plaintiff typically directs the litigation on behalf of all class members. Under the federal securities laws, the court generally selects the investor with the largest financial interest in the relief sought who otherwise meets the applicable requirements. Investors do not need to seek appointment as lead plaintiff to remain potential class members or potentially share in any recovery.
The lead plaintiff deadline is November 27, 2026.
Investors who purchased or otherwise acquired Fluence Energy (FLNC) securities during the class period from November 24, 2025 through September 16, 2026 and suffered financial losses may be potential class members. Investors who wish to seek appointment as lead plaintiff must apply by the deadline. Potential class members who do not seek appointment as lead plaintiff may still be eligible to share in any future recovery. Investors should consult a qualified attorney to understand their rights and options.
The lawsuit alleges Fluence Energy made materially false and misleading statements between November 24, 2025 and September 16, 2026 by claiming its fiscal 2026 revenue guidance was secured by backlog, while allegedly hiding that new manufacturing facilities could not produce at the needed volumes.
The defendants are Fluence Energy, Inc., Chief Executive Officer Julian Jose Nebreda Marquez, and Chief Financial Officer Ahmed Pasha.
FLNC fell 34.63% to $18.95 on February 5, 2026, then 7.17% to $13.21 on August 6, 2026, and 15.36% to $7.66 on September 17, 2026, each on heavy trading volume, according to the complaint.
The class period runs from November 24, 2025 through September 16, 2026, inclusive. Investors who purchased or otherwise acquired FLNC securities during this period and suffered financial losses may be eligible.
The lead plaintiff deadline is November 27, 2026.
Deadline
Nov 27, 2026