Shares of Fluence Energy have fallen over 45% on February 11 after the company reported a 49% year-over-year revenue decline and significantly reduced its full-year guidance. This decline follows a February 22, 2024, report by Blue Orca Capital alleging that Fluence failed to disclose a lawsuit filed by Siemens Energy, its largest shareholder's U.S. affiliate, accusing the company of engineering failures and misrepresentations. The report also claimed that Fluence's major customer, AES, was dissatisfied with current contracts. Block & Leviton is investigating.
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