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Published April 15, 2025
After Fluence Energy slashed its revenue guidance, many investors ditched their shares. Fluence’s stock price crashed a whopping 47% overnight. Now, investors are fighting back with a class-action lawsuit against the Company.
Fluence is a joint venture between Seimens and AED, which are also Fluence’s two biggest customers. So things got bad for Fluence when Seimens sued Fluence for breach of contract and AED pulled back business. But, Fluence’s executives hid that news from investors – for a while.
A 2024 shortseller report revealed the bad news and more. The report not only exposed the lawsuits and business pull back, but also accused Fluence of some dodgy accounting practices used to cover-up what was going on. Fluence denied the allegations and said everything was fine.
Investors learned the hard truth in February 2025 when Fluence released a catastrophic earnings report. Revenue was down forty-nine percent and the Company slashed its revenue guidance.
Irate investors rushed for the exits, causing Fluence’s stock price to plummet. Some of those investors are joining the lawsuit.