NEW YORK, NY / ACCESSWIRE / August 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Fluence Energy, Inc. ("Fluence Energy") (NASDAQ:FLNC) concerning possible violations of federal securities laws.
On February 22, 2024, Blue Orca Capital published a report alleging that Fluence failed to disclose to investors that Siemens Energy, the U.S. affiliate of Fluence's largest shareholder and corporate parent, Siemens, had filed a lawsuit against it. According to the report, the lawsuit accuses Fluence of "a laundry list of embarrassing and costly engineering and design failures as well as knowingly false representations and omissions." It further stated that the lawsuit explains why Fluence's largest shareholder, Siemens, has ceased to be major customer and has begun to sell its shares. Blue Orca also claims that Fluence's largest customer, AES, has grown "increasingly frustrated" with its current contract and is eager to use its "considerable leverage to negotiate better pricing."
Following this news, Fluence's stock price fell by $2.35 per share, or approximately 14% on the same day. To obtain additional information, go to:
https://zlk.com/pslra-1/fluence-energy-lawsuit-submission-form?prid=95082&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP