FLNC - Fluence Energy Inc. (FLNC) Crashes After Blue Orca Accuses FLNC of Hiding Siemens Lawsuit - Hagens Berman | Benzinga

SAN FRANCISCO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Fluence Energy, Inc. (NASDAQ:FLNC) investors who suffered substantial losses to submit your losses now.

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Fluence Energy, Inc. (NASDAQ:FLNC) Investigation:

The investigation concerns the adequacy of FLNC's risk disclosures – an energy-storage joint venture of Siemens and power-plant developer AES that went public in 2021.

On Feb. 22, 2024, activist short seller Blue Orca issued a report alleging that FLNC had failed to disclose to investors that the U.S. affiliate of FLNC's largest shareholder and corporate parent, Siemens, has filed a lawsuit accusing FLNC of a litany of embarrassing and costly engineering and design failures, false representations, and most notably fraud.

Blue Orca concluded that this ...

FLNC) Crashes After Blue Orca Accuses FLNC of Hiding Siemens Lawsuit - Hagens Berman>Full story available on Benzinga.com