Class-action lawsuit filed against Fluence Energy over guidance
A securities class-action lawsuit has been filed against Fluence Energy and several of its executives over allegedly misleading disclosures to U.S. investors. The complaint alleges that information about the company's manufacturing capacity and revenue and adjusted EBITDA forecasts was followed by a significant drop in its share price.
- A securities class-action lawsuit has been filed against Fluence Energy and several of its executives.
- The complaint concerns manufacturing capacity and revenue and adjusted EBITDA forecasts.
- The stock fell 34.6 percent on February 5, according to the statement.
- Investors can apply for lead plaintiff status by November 27, 2026.
Complaint alleges investors were misled
The lawsuit was filed in the U.S. District Court for the Southern District of New York under the case name Hatweek v. Fluence Energy, Inc. et al., case number 26-cv-8475. According to a statement from the law firm Bleichmar Fonti & Auld LLP, the proceedings were brought against Fluence Energy, Inc. and certain of the company's executive officers.
The complaint includes securities law claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. According to the statement, investors have until November 27, 2026, to ask the court to appoint them as lead plaintiff.
The allegations state that Fluence issued a record-high revenue forecast for fiscal 2026, along with a significantly increased adjusted EBITDA forecast. The company allegedly based this on its ability to capitalize on growing demand from data centers. It also indicated to investors that it had contracted with several key manufacturing facilities to meet demand.
The complaint alleges that the company failed to disclose that several new contract manufacturing facilities had not yet been completed, were not operational, or were unable to produce the volumes included in the forecasts.
Statement highlights three significant share-price declines
Fluence, which provides energy storage systems and optimization software for the renewable energy and energy storage industries, reported a net loss of $62.6 million on February 4, 2026. Its GAAP gross profit margin was 4.9 percent, representing a 6.5 percent year-over-year decline. The company attributed this to additional estimated costs related to two projects outside the United States.
Following the announcement, the stock fell from a closing price of $28.99 on February 4 to $18.95 on February 5. That represented a decline of $10.04 per share, or 34.6 percent.
On August 5, Fluence reported weaker-than-expected revenue and cut its revenue and adjusted EBITDA forecasts. It attributed the changes to production delays at its new contract manufacturing facilities. The stock fell from $14.23 to $13.21 between August 5 and 6, a decline of $1.02, or 7.2 percent.
On September 16, the company issued midyear guidance and again lowered its revenue and adjusted EBITDA forecasts. This time, it cited delays in ramping up its manufacturing facilities. The stock fell from a closing price of $9.05 on September 16 to $7.66 the following day, a decline of $1.39, or 15.4 percent.
Investors can apply by November 27
Bleichmar Fonti & Auld says investors who purchased Fluence shares or other securities can contact the law firm representing the plaintiffs to learn about their legal options. According to the statement, the firm is working on a contingency-fee basis, so investors will not have to pay for its services and will not be responsible for court or litigation costs. The firm will seek court approval for any fees and expenses.
The deadline for applications for lead plaintiff is November 27, 2026. The firm that issued the statement emphasizes that the lawsuit concerns allegations and that the statement constitutes an advertisement. Past results do not guarantee future outcomes.
For Fluence investors, the news means that claims concerning the company's manufacturing operations and financial forecasts may be examined in court proceedings. The statement does not contain a final court finding that Fluence violated securities laws.
