Fluence Energy, Inc.

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On February 22, 2024, Blue Orca Capital issued a report alleging issues at Fluence Energy, Inc. The Blue Orca report alleges that the U.S. affiliate of Fluence’s largest shareholder and corporate parent, Siemens, filed a lawsuit against the Company accusing it of engineering and design failures, false representation, and fraud, and that Fluence has yet to disclose the lawsuit to investors. Shares of Fluence Energy stock have dropped more than 10% during intraday trading on February 22, 2024.

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