Robbins LLP is Investigating Allegations that Fluence Energy, Inc. Misled Investors Regarding its Business Prospects and Ability to Complete its Contract Manufacturing Facilities 

Robbins LLP informs  investors that a class action was filed on behalf of persons and entities who purchased or otherwise acquired Fluence Energy, Inc. (NASDAQ: FLNC) securities between November 24, 2025 and September 16, 2026, inclusive (the “Class Period”). Fluence Energy provides energy storage and optimization software and hardware for renewables and storage applications.

Why Was Fluence Energy Sued?

According to the complaint, at the end of 2025, Fluence Energy provided fiscal year 2026 guidance, projecting an alleged record-breaking revenue of $3.2 billion to $3.6 billion, a significant increase from the Company’s fiscal year 2025 revenue of $2.3 billion. The Company further projected an adjusted EBITDA of approximately $40.0 million to $60.0 million with a midpoint of $50.0 million, a significant increase from the adjusted EBITDA of $19.5 million for fiscal year 2025. The Company touted that it was allegedly positioned to capitalize on the surging demand for data centers, including that it was ready to lead in this emerging market segment. The Company purported to assure investors it had contracted with multiple key production facilities to fulfill demand.

Notwithstanding these positive statements, plaintiff alleges that during the Class Period defendants failed to disclose to investors:

(1) that 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) that 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) that, because of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Why Did Fluence Energy Stock Drop?

The complaint alleges that on February 4, 2026, after the market closed, the Company reported first quarter 2026 financial results, including a GAAP gross profit margin of approximately 4.9%, a 6.5 percentage point decline year over year, due to “additional estimated costs on two projects.” Further, net losses also increased to $62.6 million, compared to a net loss of approximately $57.0 million for the same quarter last year. Nonetheless, the Company continued to allege that its growth was being fueled by “accelerating data center growth, utility demand and rising industrial loads” and the Company has “been preparing for this inflection in growth with our expanded sales effort, global supply chain and domestic content strategy, which are driving our ability to deliver competitive products to customers around the world.” On this news 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.

Then, on August 5, 2026, after the market closed, Fluence Energy announced third quarter financial results, including that revenue of $6.49.8 million was “weaker than expected, primarily reflecting production delays at new contract manufacturing facilities.” Further the Company reported “adjusted gross profit margin of approximately 5.9%, compared to approximately 15.4% in the same quarter last year, primarily reflecting the impact of delays to revenue.” The Company concluded that it “now expects that $400.0 million in project deliveries will be delayed into fiscal 2027 due to production issues at a new international contract manufacturing facility and construction related delays that affected the completion and start-up of a new U.S. contract manufacturing facility.” As a result, the Company slashed its guidance, cutting its fiscal year 2026 revenue guidance by $0.4 billion at the midpoint, and its adjusted EBITDA guidance by $60 million at the midpoint, a -120% change. On this news Fluence Energy stock fell $1.02 per share or 7.17%, to close at $13.21 per share on August 6, 2026, on unusually heavy trading volume.

Who May Be Eligible to Participate in the Fluence Energy Class Action?

The lawsuit seeks to represent investors who purchased or otherwise acquired Fluence Energy, Inc. securities between November 24, 2025 and September 16, 2026. Investors who suffered losses during that period may have legal rights under the federal securities laws. Submit a form for information.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.