What Does Fluence Energy, Inc.'s 34.63% Stock Drop Mean for Investors? The Law Offices of Howard G. Smith Outlines Securities Fraud Class Action Lead Plaintiff Deadline

Suit alleges Fluence Energy, Inc. failed to disclose key facts to investors from November 24, 2025 through September 16, 2026; lead plaintiff deadline is November 30, 2026

BENSALEM TOWNSHIP, Pa., Oct. 19, 2026 /PRNewswire/ -- The Law Offices of Howard G. Smith today reported that a securities class action lawsuit is pending against Fluence Energy, Inc. ("Fluence" or the "Company") (NASDAQ: FLNC) on behalf of investors who acquired its securities from November 24, 2025 through September 16, 2026. The Fluence Energy, Inc. case, Hatweek v. Fluence Energy, Inc., et al., was filed on September 28, 2026 in the U.S. District Court for the Southern District of New York (Case No. 1:26-cv-08475).

Investors with losses on Fluence Energy, Inc. securities can contact the Law Offices of Howard G. Smith about the Fluence Energy, Inc. lawsuit before the November 30, 2026 lead plaintiff deadline.

Key deadlines and dates for Fluence Energy, Inc. investors

• Lead plaintiff deadline: November 30, 2026
• Class period: November 24, 2025 through September 16, 2026
• Complaint filed: September 28, 2026

What happened?

On February 4, 2026, after the market closed, Fluence 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, thereby injuring investors.

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, thereby further injuring investors.

Finally, on September 16, 2026, after the market closed, Fluence Energy announced a mid-quarter guidance update, revealing that, among other things, the Company was cutting its full year revenue guide again, this time by approximately $0.6 billion, to $2.4 billion. The Company also dramatically cut its full year adjusted EBITDA guide from negative $10 million, to negative $200 million. The Company attributed the revision to ongoing "delays in the rampup of our contract manufacturing facility."

On this news Fluence Energy stock fell $1.39 per share or 15.36%, to close at $7.66 per share on September 17, 2026, further injuring investors.

What is the Fluence Energy, Inc. lawsuit about?

The Fluence Energy, Inc. securities lawsuit alleges that, between November 24, 2025 and September 16, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Fluence Energy, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) 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) 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) as a result, defendants' positive statements about Fluence Energy, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

"The lawsuit against Fluence Energy, Inc. alleges that, among other things, the Company failed to tell investors 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. Fluence Energy, Inc. investors who bought during the class period may be able to pursue their losses, and the November 30, 2026 deadline is where that process begins," said Howard G. Smith of The Law Offices of Howard G. Smith.

Next steps for Fluence Energy, Inc. investors

Fluence Energy, Inc. investors who suffered losses may contact The Law Offices of Howard G. Smith to learn about pursuing their claims.

Lead plaintiff motions in the Fluence Energy, Inc. class action are due to the Court by November 30, 2026. For more information, visit the firm's website, email [email protected], or call (215) 638-4847.

If you purchased Fluence Energy, Inc. securities during the class period, you may retain counsel of your choice, or you may take no action and remain an absent class member. No class has been certified in the Fluence Energy, Inc. case so far.

Common questions from Fluence Energy, Inc. investors

Who is eligible? Investors who acquired Fluence Energy, Inc. securities from November 24, 2025 through September 16, 2026 and suffered losses may qualify for the class in the Fluence Energy, Inc. shareholder lawsuit.

What is the deadline? Lead plaintiff motions in the Fluence Energy, Inc. case are due by November 30, 2026.

Can I recover without being lead plaintiff? Yes, Fluence Energy, Inc. investors may take no action and remain absent class members.

Does it cost anything? The Law Offices of Howard G. Smith works on contingency, so investors pay no attorneys' fees unless there is a recovery, and any fees require court approval.

About The Law Offices of Howard G. Smith

The Law Offices of Howard G. Smith has helped injured investors recover their money for more than 15 years. The firm prosecutes securities fraud, takeover, and derivative litigation against public companies and their officers, directors, and advisors in federal and state courts nationwide, and has helped clients recover hundreds of millions of dollars in losses. Clients speak directly with a lawyer, who will promptly answer any question.

Prior results do not guarantee a similar outcome.

Related links

• Fluence Energy, Inc. case page, The Law Offices of Howard G. Smith
• Complaint: Hatweek v. Fluence Energy, Inc., et al., U.S. District Court for the Southern District of New York
• press release
• Fluence Energy, Inc. SEC filings index, EDGAR
• The Law Offices of Howard G. Smith

Contact
Howard G. Smith
The Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Email: [email protected]
Telephone: (215) 638-4847
www.howardsmithlaw.com

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE Law Offices of Howard G. Smith