The Fluence Energy class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Fluence Energy's relationship with its founders and largest sources of revenue, Siemens AG and The AES Corporation, was poised to decline; (ii) Siemens Energy, Siemens AG's U.S. affiliate, had accused Fluence Energy of engineering failures and fraud; and (iii) Fluence Energy's margins and revenue growth were inflated as Siemens AG and The AES Corporation were moving to divest. The Fluence Energy class action lawsuit further alleges that on February 22, 2024, Blue Orca Capital issued a report revealing that Fluence Energy failed to disclose that Siemens Energy had filed a lawsuit accusing Fluence Energy of misrepresentations, breach of contract, and fraud. On this news, the price of Fluence Energy common stock fell more than 13%, according to the complaint.