NEW YORK CITY, NY / ACCESS Newswire / February 21, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fluence Energy, Inc. ("Fluence" or "the Company") (NASDAQ:FLNC). Investors who purchased Fluence securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/FLNC.
Investigation Details
On February 10, 2025, Fluence issued a press release announcing its financial results for the first quarter of its fiscal year 2025. Fluence reported a net loss of $57 million, or $0.32 per share, compared to a loss of $25.6 million, or $0.14 per share, for the same period in the prior year, with revenues falling 49% year-over-year to $186.8 million. For fiscal year 2025, Fluence lowered its revenue guidance to a range of $3.1 billion to $3.7 billion, from its prior outlook of $3.6 billion to $4.4 billion, citing the timing of certain contracts in Australia which are now expected to be signed later this year, while also expecting lower revenue and gross margins on recently signed contracts. On this news, Fluence’s stock price fell $6.07 per share, or 46.44%, to close at $7.00 per share on February 11, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Fluence securities, you can assist this investigation by visiting the firm’s site: bgandg.com/FLNC. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on ACCESS Newswire
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