Fluence Energy (NASDAQ: FLNC) Faces Investor Scrutiny Amid Additional Surprises About Houston Facility -- HBSS
SAN FRANCISCO, Sept. 21, 2026 (GLOBE NEWSWIRE) -- On September 17, 2026, investors in Fluence Energy, Inc. (NASDAQ: FLNC) saw the price of their shares slide $1.39 (-15%) after the company held a business update call revealing more significant problems with its supply chain facility in Houston, Texas and that it fired its Chief Product Officer on September 11, 2026.
The developments have prompted national shareholders rights firm Hagens Berman to open an investigation into whether Fluence has been sufficiently transparent about the operational readiness of the facility, including negative financial effects, and, if not, whether the company may have violated federal securities laws.
The firm urges Fluence investors who suffered substantial losses to submit your losses now. In addition, persons with knowledge who may be able to assist the investigation are invited to contact the firm’s attorneys.
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Fluence Energy, Inc. (FLNC) Investigation:
On August 21, 2025, Fluence announced that its expansion of U.S. domestic supply chain in partnership with Bergstrom Inc. was underway at a new manufacturing facility in Houston, Texas. The facility produces thermal management systems for its Gridstack ProTM battery energy storage solutions.
The company emphasized in the announcement that “[t]he Houston facility plays a crucial role in the company’s strategy to onshore production of every major product and component of a grid-scale battery energy storage system to the United States.”
In response, the market sent the price of Fluence shares up 10% the next day.
By August 5, 2026, investors learned more about the Houston facility, when Fluence reported weaker than expected Q3 2026 revenues, a GAAP gross profit margin of just 5.1% compared to 14.8% in the same quarter last year, and a net loss of $44.3 million compared to net income of $6.2 million in the same quarter last year.
During the earnings call the next day, management assured investors that the Houston facility was “fully automated” but that completion of it had been delayed by a few months in part because of “delays in construction.” CEO Julian Jose Nebreda Marquez provided further assurances, stating “as I said, we’re ramping up Houston and that we believe we have it under control.”
This news, along with the dramatic guidance reduction due to “under control” delays, drove the price of Fluence shares down over 7% on August 6.
Then, on September 16, 2026, investors learned more troubling news centered on the facility. Among other things, management:
The market swiftly reacted, sending the price of Fluence shares down over 15% the next day, and several analysts reportedly cut their ratings and price targets for the stock.
“We’re focused on when the Houston welding issue was first known to Fluence management given the facility’s crucial role in onshoring,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
If you invested in Fluence and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now »
Whistleblowers: Persons with non-public information regarding Fluence should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email FLNC@hbsslaw.com.
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
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Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, FLNC@hbsslaw.com