Fluence Energy IPO: Price range of FLCN stock revealed. Is it a buy? 

Highlights 

  • Fluence Energy was established through a joint venture between the US-based AES Corp and Germany's Siemens AG.
  • The underwriting responsibility for Fluence Energy IPO is on Barclays, Morgan Stanley, BofA Securities, and J.P. Morgan.
  • Fluence Energy plans to list its shares on the Nasdaq Global Market and trade under the stock symbol 'FLNC.'

The Virginia-based renewable energy storage company Fluence Energy is planning for an initial public offering (IPO) and could value US$ 4 billion at the time of common stock offering. 

Fluence Energy caters to the needs of industrial businesses, developers, and utility companies, which promise increased efficiency.

The company's platform is designed for renewables and could grow in the future as investors and governments are looking to explore sustainable and environment-friendly alternatives. 

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The company was established through a joint venture between the US-based AES Corp and Germany's Siemens AG. As a result, Fluence has emerged as one of the leading companies providing energy storage solutions and digital applications for renewables and storage. 

Fluence Energy IPO: Key Details

The renewable energy storage company is planning to list its shares on the Nasdaq Global Market and trade under the stock symbol 'FLNC'. 

Fluence hopes to offer 31 million shares in the initial public offering and has priced the shares between the range of US$ 21 to US$ 24 apiece. If the shares are sold at the top range, the company will raise US$ 744 million in gross proceeds. 

Fluence Energy initial public offering.

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The underwriting responsibility for the common stock offering is on Barclays, Morgan Stanley, BofA Securities, and J.P. Morgan.

After the IPO, subsidiaries of Siemens and AES would continue to hold 91 per cent of the voting rights.

Bottom line

As of May 2021, Fluence Energy claims to have eliminated 145,000 metric tons of carbon per year. In addition, the company has 150 energy storage projects and can store more than 2,750 megawatts (MW). 

Fluence has a presence in 24 countries and territories. In addition, the company has more than 3,400 MW of artificial intelligence-optimized bidding of renewables and storage. 

For the fiscal year ended September 30, 2021, Fluence's cash and cash equivalents increased to US$ 93.8 million in comparison to US$ 84.1 million in the same comparable period of 2019. 

In addition, the worth of the total assets also increased to US$ 364 million in 2020, compared to US$ 188.8 million in 2019. 


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