New York, March 14, 2025 (Globe Newswire) – Lead securities law firm Bleichmar Fonti & Auld LLP is Fulence Energy, Inc. (NASDAQ: FLNC) and the announcement that a lawsuit has been filed against senior executives of the company for potential violations of federal securities laws.
If you have invested in Fullence Energy, we recommend you visit https://www.bfalaw.com/cases-investigations/fluence-energy-inc for additional information.
Investors must ask the court to be appointed to lead the case until May 12, 2025. The complaint argues claims under sections 10(b) and 20(a) of the Securities and Exchange Act 1934 on behalf of an investor who purchased the Fullence Energy common stock. The case is pending in US District Court for the Eastern District of Virginia, Abramovv. FullenceEnergy, Inc., et al. , No. Captioned on 25-CV-00444.
Why was Fullence Energy sued for securities fraud?
Fluence Energy provides digital applications and solutions for energy storage products and solutions, delivery services, repeat operational and maintenance services, energy storage and other power assets.
As allegedly, Fullence Energy misrepresented the strength of its competitiveness, sales pipeline, and order backlog. In fact, Fullence Energy has hidden sales and revenue growth by inducing positive revenue and engaged in selectively applied revenue adjustments.
Once the truth is revealed, stocks decrease
On February 22, 2024, Blue Orca Capital issued a report revealing that Siemens Energy (one of the company’s founders and its largest source of income affiliate) had condemned lawsuits denounced misrepresentation, breach of contract and fraudulent fluence energy. Blue Orca’s report also revealed that much of Fullence Energy’s sales and revenue growth was the result of aggressive revenue attracting and revenue adjustments being selectively applied.
Subsequently, on February 10, 2025, Fullence Energy issued a press release to announce its financial results for the first quarter of 2025. FulenceEnergy reported $57 million (a net loss of $0.32 per share). According to Fullence Energy, “(W)E has experienced customer-driven delays in signing certain contracts that, coupled with competitive pressure, result in the need to lower the outlook for FY25.”
The news led to the price of Fulence Energy Stock dropped 46% and closed at $7.00 per share on February 11, 2025.
If you experience losses, please click here: https://www.bfalaw.com/cases-investigations/fluence-energy-inc.
What can you do?
If you invest in Fullence Energy, you have legal options and we recommend submitting your information to the company.
All expressions are based on emergency fees and do not cost you. The shareholders are not liable for legal costs or expenses. The company will seek court approval for potential fees and costs.
Please visit and send us your information.
https://www.bfalaw.com/cases-investigations/fluence-energy-inc
Or contact:
Ross Sikowitz
ross@bfalaw.com
212-789-3619
Why Bleichmar fonti & auld llp?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class and shareholder litigation. It was named the top five plaintiffs’ law firm by ISS SCAS in 2023, and its attorney was appointed Super Lawyers by Titans of the Law360 and Thompson Reuters by Law360. Among the recent notable successes, BFA is Tesla, Inc. recovers more than $900 million from the board of directors, Teva PharmaceuticalInd. We recovered $420 million from Ltd.
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