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Fluence Energy Priced, Nasdaq: FLNC

Energy storage products and services provider formed by Siemens and AES.

Industry: Industrials

Latest Trade: $21.85 -0.06 (-0.3%)

First Day Return: +25.0%

Return from IPO: -21.8%

Industry: Industrials

We are enabling the global clean energy transition with market-leading energy storage products and services and digital applications for renewables and storage. We believe battery energy storage technology (“energy storage”) is at the center of this transition and is becoming even more important as more renewables are added to the grid and the transportation sector moves towards electrification. We are driving change by delivering configurable energy storage product, service, and digital application packages, as well as our AI-enabled Fluence IQ Platform to optimize renewable and third-party storage assets. Our offerings help major utilities, developers, and commercial and industrial (“C&I”) customers around the world deliver a more sustainable, reliable, and resilient electric grid in a repeatable, scalable way. Energy storage is a key solution to the challenges facing electricity markets and transmission grids, including: electricity load variability and quality issues from increased participation of renewable energy generation; growing consumer and industrial demand for smart grid services; and localized capacity constraints on transmission networks, particularly around periods of peak demand.
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IPO Data
IPO File Date 09/28/2021
Offer Price $28.00
Price Range $21.00 - $24.00
Offer Shares (mm) 31.0
Deal Size ($mm) $868
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/27/2021
Offer Price $28.00
Price Range $21.00 - $24.00
Offer Shares (mm) 31.0
Deal Size ($mm) $868
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
J.P. Morgan
Morgan Stanley
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Company Data
Headquarters Arlington, VA, United States
Founded 2018
Employees at IPO 379
Website fluenceenergy.com

Fluence Energy (FLNC) Performance