What's Next for Fluence Energy, Inc. Shareholders After 34.63% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline
Complaint alleges Fluence Energy, Inc. misled investors between November 24, 2025 and September 16, 2026; investors may seek lead plaintiff role by November 30, 2026
LOS ANGELES, Oct. 20, 2026 /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought Fluence Energy, Inc. ("Fluence" or the "Company") (NASDAQ: FLNC) securities between November 24, 2025 and 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 who suffered losses on Fluence Energy, Inc. investments can submit their Fluence Energy, Inc. loss information here before the November 30, 2026 lead plaintiff deadline.
Key dates in the Fluence Energy, Inc. case
- Class period: November 24, 2025 to September 16, 2026
- Complaint filed: September 28, 2026
- Lead plaintiff deadline: November 30, 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 complaint filed against Fluence Energy, Inc. alleges that, among other things, the Company failed to disclose 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. For investors who bought during the class period, the November 30, 2026 deadline is the first major step in this case," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.
What's the next step?
Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist Fluence Energy, Inc. investors in potentially pursuing claims to recover their losses.
If you wish to serve as lead plaintiff in the Fluence Energy, Inc. class action, you must move the Court no later than November 30, 2026. To learn more about your rights, visit the Fluence Energy, Inc. case page, email [email protected], or call 310-201-9150 (toll-free: 888-773-9224).
You may retain counsel of your choice. If you bought Fluence Energy, Inc. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the Fluence Energy, Inc. case.
Frequently Asked Questions
Who is eligible? Investors who purchased or otherwise acquired Fluence Energy, Inc. securities between November 24, 2025 and September 16, 2026 and suffered losses may be members of the proposed class in the Fluence Energy, Inc. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by November 30, 2026.
What is a lead plaintiff? In the Fluence Energy, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.
Do I have to be lead plaintiff to recover? No. A Fluence Energy, Inc. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. Fluence Energy, Inc. investors may take no action and remain absent class members.
What is the deadline? Motions to serve as lead plaintiff in the Fluence Energy, Inc. class action must be filed by November 30, 2026.
Does it cost anything to contact Glancy or participate in this action? Glancy represents Fluence Energy, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.
Can I choose my own lawyer? Yes. Fluence Energy, Inc. investors may retain counsel of their choice.
Why work with Glancy on the Fluence Energy, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Fluence Energy, Inc. lawsuit. Prior results do not guarantee a similar outcome.
About Glancy Prongay Wolke & Rotter LLP
Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.
Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.
Prior results do not guarantee a similar outcome.
Related links
- Fluence Energy, Inc. case page, Glancy Prongay Wolke & Rotter LLP
- 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
- Glancy Prongay Wolke & Rotter LLP
Contact
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: [email protected]
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com
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This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE Glancy Prongay Wolke & Rotter LLP
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