Investigation announced for Long-Term Investors in shares of Fluence Energy, Inc. (NASDAQ: FLNC) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Fluence Energy, Inc.

Investors who purchased shares of Fluence Energy, Inc. (NASDAQ: FLNC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Fluence Energy, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Arlington, VA based Fluence Energy, Inc., through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Fluence Energy, Inc. reported that its Total Revenue rose from over $1.19 billion for the 12 months period that ended on September 30, 2022, to over $2.21 billion for the 12 months period that ended on September 30, 2023, and that its Net Loss over those respective time periods declined from $104.48 million to $69.62 million.

On February 22, 2024, Blue Orca Capital issued a report outlining the firm's concerns with Fluence Energy, Inc. The report states Siemens, the U.S. affiliate of the Company's largest shareholder and corporate parent, has filed a lawsuit accusing the Company of "a laundry list of embarrassing and costly engineering and design failures, false representations, and most notably fraud." The report goes on to say that the Company has yet to disclose this lawsuit to investors.

Shares of Fluence Energy, Inc. (NASDAQ: FLNC) declined from $27.80 per share on December 04, 2023, to as low as $13.41 per share on February 22, 2024.

Those who purchased shares of Fluence Energy, Inc. (NASDAQ: FLNC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.