{"success":true,"data":{"pressRelease":{"id":"169572","rtpr_id":"nGNX8M3B9P-20261014","ticker":"FLNC","exchange":"NASDAQ","all_tickers":["FLNC"],"title":"Fluence Energy (FLNC) Faces Securities Class Action Amid Inability to Ramp Houston Facility – HBSS","author":"Globe Newswire","published_at":"2026-10-14T20:56:27.093Z","article_body":"SAN FRANCISCO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Fluence Energy (NASDAQ:\nFLNC) faces a securities class action, which seeks to represent investors who\npurchased or otherwise acquired Fluence securities between November 24, 2025\nand September 16, 2026.\n\nThe suit follows a stream of unexpected earnings announcements that were\napparently at odds with Fluence’s assurances that it was positioned to\ncapitalize on surging demand for data centers, and which collectively wiped\nout roughly $3 billion of the company’s market capitalization.\n\nNational shareholders rights firm Hagens Berman continues its investigation\ninto claims that Fluence violated the federal securities laws.\n\nThe firm urges Fluence investors who suffered substantial losses to submit\nyour losses now\n(https://www.globenewswire.com/Tracker?data=Sz4XtTiwj-O41Un4-8MbOsEHrtqqGOpt6eix5qKk1q4PPoUr_SzWHrufLJHhmBmvS5k8UqP4zCFB8idmijXm_GYxaKjPYFHiV3Ue3qeYUPpQ2O_AZzAZVFd4mpoL06UrPNaKPLUQvW1sSB8zJXzEg-Bg28HZteGZHnGPxYje2Mc=).\nIn addition, persons with knowledge who may be able to assist the\ninvestigation are invited to contact the firm’s attorneys.\n\nClass Period: Nov. 24, 2025 – Sept. 16, 2026\nLead Plaintiff Deadline: Nov. 27, 2026\nVisit: www.hbsslaw.com/FLNC \nDirect Contact Email: FLNC@hbsslaw.com \nFirm Telephone: 844-916-0895\n\nFluence Energy, Inc. ($FLNC) Securities Class Action:\n\nThe litigation’s focus is on the propriety of Fluence’s assurances that it\nwas “well positioned to capitalize on the accelerating demand for energy\nstorage[,]” and its backlog sufficiently covered revenue expectations. The\ncompany’s plan depended on successfully ramping its “fully automated”\nHouston manufacturing facility’s production of thermal management systems\nfor its Gridstack ProTM battery energy storage solutions.\n\nThe complaint alleges that Fluence did not disclose important information to\ninvestors – its ability to deliver on its backlog and recognize revenue\ndepended on new contract facilities that included incomplete and\nnon-operational facilities. The complaint also alleges the company did not\ndisclose that facility remediation efforts were unsuccessful.\n\nInvestors began to learn the truth through a series of partial disclosures\nbeginning on February 4, 2026. That day, Fluence reported its Q1 2026 results\nincluded a significant year-over-year margin compression due to “additional\nestimated costs on two projects[]” and a significant year-over-year increase\nin net losses.\n\nThen, on August 5, 2026 Fluence announced its Q3 2026 results included weaker\nthan expected revenues, a massive year-over-year margin compression, and a net\nloss of $44.3 million compared to net income of $6.2 million in the same\nquarter last year.\n\nThe company said it “now expects that $400 million in project deliveries\nwill be delayed into fiscal 2027 due to production issues at a new\ninternational contract facility[]” and also blamed “construction related\ndelays that affected the completion and start-up of a new U.S. contract\nmanufacturing facility.”\n\nFinally, on September 16, 2026 Fluence slashed its 2026 revenue guidance again\n(by 20%). CEO Julian Nebreda Marquez blamed the continuing “delays in the\nramp up of our contract manufacturing facility in Houston.” He also revealed\nthe ramp delay was caused by having to manually weld rather than employing the\nautomated welding process.\n\nEach of these revelations triggered sharp declines in the price of Fluence\nshares. Between the first partial disclosure on February 4 and September 17,\n2026 shares have fallen $21.33 (-73%).\n\n“We’re focused on when the Houston welding issue was first known to\nFluence management given the facility’s crucial role in onshoring,” said\nReed Kathrein\n(https://www.globenewswire.com/Tracker?data=3-Gw-dTzuXtfy_jL38Y6UjmebZNiiNVHxPZJ-X36WQ4Pa4fz7SZLY3b0yv8BPegw1LACwRGz9PN1sJTo2DHRAyORvIHpWMjmZbKpNMEn83-6oXiFuBAeeLmipM6EniuW),\nthe Hagens Berman partner leading the firm’s investigation.\n\nIf you invested in Fluence and have substantial losses, or have knowledge that\nwill assist the firm’s investigation, submit your losses now\n(https://www.globenewswire.com/Tracker?data=Sz4XtTiwj-O41Un4-8MbOsEHrtqqGOpt6eix5qKk1q6CujJ3t-HY8bSmbs8LuL05YbcJW-4n7jFkH1tDDvMtWxvrBiu_rYAMsijrTLNiXsM3V2y4DmQX38STztuxH8ZpyeVhsQWIzR5j_NQ2mRyg58uz0tRAOmWhNSnKNUlWgQs=)\n»\n\nWhistleblowers: Persons with non-public information regarding Fluence should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email FLNC@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=elqYGkFGNM5aO8rf71slM77QV53tFKHVdrKqpMdc-o8Q2p_Oi8fYW0deTCrLGlN6MxVmnWt5FQmHmRW7UnmWN-cupG2fOJT42RSHBo7NJeM=)\nHagens Berman is a global plaintiffs’ rights complex litigation firm\nfocusing on corporate accountability. The firm is home to a robust practice\nand represents investors as well as whistleblowers, workers, consumers and\nothers in cases achieving real results for those harmed by corporate\nnegligence and other wrongdoings. Hagens Berman’s team has secured more than\n$2.9 billion in this area of law. More about the firm and its successes can be\nfound at hbsslaw.com\n(https://www.globenewswire.com/Tracker?data=1BOYFA4JVAB_lMYExDqDYgAFWAoRgnjPRYlmCCFVgzly4ZLukT1ojLfdDLXy50iqN1QNb4XIIx27z3CT3MU3Jw==).\nFollow the firm for updates and news at @ClassActionLaw. \n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, FLNC@hbsslaw.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e83cb00e-44d7-478e-81e1-acae5dadc0dc\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\nFluence Energy, Inc. (FLNC) Securities Class Action \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e83cb00e-44d7-478e-81e1-acae5dadc0dc/en)\nHagens Berman Highlights Lawsuit Targeting Fluence Energy, Inc. (FLNC) Over\nAlleged Misleading Statements\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX8M3B9P-20261014","title":"Fluence Energy (FLNC) Faces Securities Class Action Amid Inability to Ramp Houston Facility – HBSS","author":"Globe Newswire","ticker":"FLNC","created":"2026-10-14T20:56:27.093Z","tickers":["FLNC"],"exchange":"NASDAQ","article_body":"SAN FRANCISCO, Oct. 14, 2026 (GLOBE NEWSWIRE) -- Fluence Energy (NASDAQ:\nFLNC) faces a securities class action, which seeks to represent investors who\npurchased or otherwise acquired Fluence securities between November 24, 2025\nand September 16, 2026.\n\nThe suit follows a stream of unexpected earnings announcements that were\napparently at odds with Fluence’s assurances that it was positioned to\ncapitalize on surging demand for data centers, and which collectively wiped\nout roughly $3 billion of the company’s market capitalization.\n\nNational shareholders rights firm Hagens Berman continues its investigation\ninto claims that Fluence violated the federal securities laws.\n\nThe firm urges Fluence investors who suffered substantial losses to submit\nyour losses now\n(https://www.globenewswire.com/Tracker?data=Sz4XtTiwj-O41Un4-8MbOsEHrtqqGOpt6eix5qKk1q4PPoUr_SzWHrufLJHhmBmvS5k8UqP4zCFB8idmijXm_GYxaKjPYFHiV3Ue3qeYUPpQ2O_AZzAZVFd4mpoL06UrPNaKPLUQvW1sSB8zJXzEg-Bg28HZteGZHnGPxYje2Mc=).\nIn addition, persons with knowledge who may be able to assist the\ninvestigation are invited to contact the firm’s attorneys.\n\nClass Period: Nov. 24, 2025 – Sept. 16, 2026\nLead Plaintiff Deadline: Nov. 27, 2026\nVisit: www.hbsslaw.com/FLNC \nDirect Contact Email: FLNC@hbsslaw.com \nFirm Telephone: 844-916-0895\n\nFluence Energy, Inc. ($FLNC) Securities Class Action:\n\nThe litigation’s focus is on the propriety of Fluence’s assurances that it\nwas “well positioned to capitalize on the accelerating demand for energy\nstorage[,]” and its backlog sufficiently covered revenue expectations. The\ncompany’s plan depended on successfully ramping its “fully automated”\nHouston manufacturing facility’s production of thermal management systems\nfor its Gridstack ProTM battery energy storage solutions.\n\nThe complaint alleges that Fluence did not disclose important information to\ninvestors – its ability to deliver on its backlog and recognize revenue\ndepended on new contract facilities that included incomplete and\nnon-operational facilities. The complaint also alleges the company did not\ndisclose that facility remediation efforts were unsuccessful.\n\nInvestors began to learn the truth through a series of partial disclosures\nbeginning on February 4, 2026. That day, Fluence reported its Q1 2026 results\nincluded a significant year-over-year margin compression due to “additional\nestimated costs on two projects[]” and a significant year-over-year increase\nin net losses.\n\nThen, on August 5, 2026 Fluence announced its Q3 2026 results included weaker\nthan expected revenues, a massive year-over-year margin compression, and a net\nloss of $44.3 million compared to net income of $6.2 million in the same\nquarter last year.\n\nThe company said it “now expects that $400 million in project deliveries\nwill be delayed into fiscal 2027 due to production issues at a new\ninternational contract facility[]” and also blamed “construction related\ndelays that affected the completion and start-up of a new U.S. contract\nmanufacturing facility.”\n\nFinally, on September 16, 2026 Fluence slashed its 2026 revenue guidance again\n(by 20%). CEO Julian Nebreda Marquez blamed the continuing “delays in the\nramp up of our contract manufacturing facility in Houston.” He also revealed\nthe ramp delay was caused by having to manually weld rather than employing the\nautomated welding process.\n\nEach of these revelations triggered sharp declines in the price of Fluence\nshares. Between the first partial disclosure on February 4 and September 17,\n2026 shares have fallen $21.33 (-73%).\n\n“We’re focused on when the Houston welding issue was first known to\nFluence management given the facility’s crucial role in onshoring,” said\nReed Kathrein\n(https://www.globenewswire.com/Tracker?data=3-Gw-dTzuXtfy_jL38Y6UjmebZNiiNVHxPZJ-X36WQ4Pa4fz7SZLY3b0yv8BPegw1LACwRGz9PN1sJTo2DHRAyORvIHpWMjmZbKpNMEn83-6oXiFuBAeeLmipM6EniuW),\nthe Hagens Berman partner leading the firm’s investigation.\n\nIf you invested in Fluence and have substantial losses, or have knowledge that\nwill assist the firm’s investigation, submit your losses now\n(https://www.globenewswire.com/Tracker?data=Sz4XtTiwj-O41Un4-8MbOsEHrtqqGOpt6eix5qKk1q6CujJ3t-HY8bSmbs8LuL05YbcJW-4n7jFkH1tDDvMtWxvrBiu_rYAMsijrTLNiXsM3V2y4DmQX38STztuxH8ZpyeVhsQWIzR5j_NQ2mRyg58uz0tRAOmWhNSnKNUlWgQs=)\n»\n\nWhistleblowers: Persons with non-public information regarding Fluence should\nconsider their options to help in the investigation or take advantage of the\nSEC Whistleblower program. Under the new program, whistleblowers who provide\noriginal information may receive rewards totaling up to 30 percent of any\nsuccessful recovery made by the SEC. For more information, call Reed Kathrein\nat 844-916-0895 or email FLNC@hbsslaw.com.\n\nAbout Hagens Berman\n(https://www.globenewswire.com/Tracker?data=elqYGkFGNM5aO8rf71slM77QV53tFKHVdrKqpMdc-o8Q2p_Oi8fYW0deTCrLGlN6MxVmnWt5FQmHmRW7UnmWN-cupG2fOJT42RSHBo7NJeM=)\nHagens Berman is a global plaintiffs’ rights complex litigation firm\nfocusing on corporate accountability. The firm is home to a robust practice\nand represents investors as well as whistleblowers, workers, consumers and\nothers in cases achieving real results for those harmed by corporate\nnegligence and other wrongdoings. Hagens Berman’s team has secured more than\n$2.9 billion in this area of law. More about the firm and its successes can be\nfound at hbsslaw.com\n(https://www.globenewswire.com/Tracker?data=1BOYFA4JVAB_lMYExDqDYgAFWAoRgnjPRYlmCCFVgzly4ZLukT1ojLfdDLXy50iqN1QNb4XIIx27z3CT3MU3Jw==).\nFollow the firm for updates and news at @ClassActionLaw. \n\nAttorney Advertising. Prior results do not guarantee a similar outcome in any\nfuture case.\n\nContact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300,\nBerkeley, CA 94710, 844-916-0895, FLNC@hbsslaw.com\n\nA photo accompanying this announcement is available at\nhttps://www.globenewswire.com/NewsRoom/AttachmentNg/e83cb00e-44d7-478e-81e1-acae5dadc0dc\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43)\nFluence Energy, Inc. (FLNC) Securities Class Action \n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e83cb00e-44d7-478e-81e1-acae5dadc0dc/en)\nHagens Berman Highlights Lawsuit Targeting Fluence Energy, Inc. (FLNC) Over\nAlleged Misleading Statements\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-14T20:56:27.144814356Z","server_sent_at_ms":1792011387144},"received_at":"2026-10-14T20:56:27.196Z","source_url":null},"analysis":{"id":"157805","press_release_id":"169572","analysis_json":{"industry":{"label":"Electrical Equipment","sector":"Industrials"},"redFlags":["active securities class action over alleged disclosure failures","underlying fundamentals: -73% share decline, $400M delivery delays, 20% guidance cut, manufacturing ramp failure"],"eventType":"legal_litigation","narrative":"Hagens Berman issued a shareholder-solicitation notice highlighting a securities class action against Fluence Energy covering purchasers between Nov. 24, 2025 and Sept. 16, 2026, with a lead plaintiff deadline of Nov. 27, 2026.\n\nThe release recaps alleged undisclosed production problems at the company's Houston facility, including a $44.3 million Q3 net loss, $400 million in delayed project deliveries, and a 20% revenue guidance cut on Sept. 16, 2026.\n\nThis is law-firm marketing rather than a new issuer disclosure; the underlying business deterioration is already public and priced in, with shares down 73% over the class period.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation re: already-known FLNC litigation -- suppress; the underlying Houston ramp issues are the real story and already priced in."},"keyFigures":{"customDimensions":{"q3_net_loss":"$44.3 million","class_period":"Nov. 24, 2025 - Sept. 16, 2026","guidance_cut":"20% (Sept 16, 2026)","share_decline":"-73% ($21.33, Feb 4 - Sept 17, 2026)","market_cap_lost":"$3 billion","delayed_deliveries":"$400 million","lead_plaintiff_deadline":"Nov. 27, 2026"}},"quotedText":"We're focused on when the Houston welding issue was first known to Fluence management given the facility's crucial role in onshoring","namedEntities":{"people":[{"name":"Julian Nebreda Marquez","role":"CEO of Fluence Energy"},{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"}],"products":["Gridstack Pro","Gridstack ProTM battery energy storage solutions"],"companies":[{"name":"Fluence Energy, Inc.","ticker":"FLNC","relationship":"issuer/target of litigation"},{"name":"Hagens Berman","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$3 billion","context":"market capitalization wiped out by earnings announcements"},{"amount":"$44.3 million","context":"Q3 2026 net loss"},{"amount":"$6.2 million","context":"prior-year Q3 net income"},{"amount":"$400 million","context":"project deliveries delayed into fiscal 2027"},{"amount":"$21.33","context":"share price decline (-73%) from Feb 4 to Sept 17, 2026"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm (Hagens Berman) solicitation wired under the firm's own name, urging investors to submit losses and contact attorneys. No certified class, no settlement, no new issuer disclosure; class action was already filed."},"tickerRelevance":{"others":[],"primary":"FLNC"},"globalImportance":18,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"moderate (battery/storage, data-center theme)"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Hagens Berman issued a shareholder-solicitation notice highlighting a securities class action against Fluence Energy covering purchasers between Nov. 24, 2025 and Sept. 16, 2026, with a lead plaintiff deadline of Nov. 27, 2026.\n\nThe release recaps alleged undisclosed production problems at the company's Houston facility, including a $44.3 million Q3 net loss, $400 million in delayed project deliveries, and a 20% revenue guidance cut on Sept. 16, 2026.\n\nThis is law-firm marketing rather than a new issuer disclosure; the underlying business deterioration is already public and priced in, with shares down 73% over the class period.","key_figures":{"customDimensions":{"q3_net_loss":"$44.3 million","class_period":"Nov. 24, 2025 - Sept. 16, 2026","guidance_cut":"20% (Sept 16, 2026)","share_decline":"-73% ($21.33, Feb 4 - Sept 17, 2026)","market_cap_lost":"$3 billion","delayed_deliveries":"$400 million","lead_plaintiff_deadline":"Nov. 27, 2026"}},"named_entities":{"people":[{"name":"Julian Nebreda Marquez","role":"CEO of Fluence Energy"},{"name":"Reed Kathrein","role":"Hagens Berman partner leading investigation"}],"products":["Gridstack Pro","Gridstack ProTM battery energy storage solutions"],"companies":[{"name":"Fluence Energy, Inc.","ticker":"FLNC","relationship":"issuer/target of litigation"},{"name":"Hagens Berman","relationship":"plaintiff law firm"}],"dollarAmounts":[{"amount":"$3 billion","context":"market capitalization wiped out by earnings announcements"},{"amount":"$44.3 million","context":"Q3 2026 net loss"},{"amount":"$6.2 million","context":"prior-year Q3 net income"},{"amount":"$400 million","context":"project deliveries delayed into fiscal 2027"},{"amount":"$21.33","context":"share price decline (-73%) from Feb 4 to Sept 17, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-14T20:56:32.704Z","global_importance":18,"audience_relevance":25,"importance_components":{"tickerTier":"mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"retailFavoriteBoost":"moderate (battery/storage, data-center theme)"}},"durationMs":5493,"modelName":"glm-5.3-flashx"}}