Fluence Energy, Inc.
| General Information | |
| Business: | Our mission is to transform the way we power our world for a more sustainable future. We were formed in 2018 via a joint venture between Siemens and AES. Members of our board of directors and leadership team were part of the founding team at AES Energy Storage that conceived and tested the world’s first lithium-ion energy storage system on an electric grid starting in 2007.
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; this 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 customers are major utilities, developers, and commercial and industrial (“C&I”) companies around the world.
(Note: Fluence Energy priced its IPO on Oct. 27, 2021, at $28 – $4 above the top of its $21-to-$24 price range – and priced 31 million shares, the number of shares in the prospectus, to raise $868 million.)
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| Industry: | Clean energy storage - batteries - electric grid |
| Employees: | 379 |
| Founded: | 2018 |
| Contact Information | |
| Address | 4601 Fairfax Drive, Suite 600 Arlington, Virginia 22203 |
| Phone Number | (833) 358-3623 |
| Web Address | https://fluenceenergy.com/ |
| View Prospectus: | Fluence Energy, Inc. |
| Financial Information | |
| Market Cap | $3749.85mil |
| Revenues | $732.0 mil (last 12 months) |
| Net Income | $-83.89 mil (last 12 months) |
| IPO Profile | |
| Symbol | FLNC |
| Exchange | NASDAQ |
| Shares (millions): | 31.0 |
| Price range | $28.00 - $28.00 |
| Est. $ Volume | $868.0 mil |
| Manager / Joint Managers | J.P. Morgan/ Morgan Stanley/ Barclays/ BofA Securities/ Citigroup/ Credit Suisse/ UBS Investment Bank/ Evercore/ HSBC/RBC Capital Markets |
| CO-Managers | Nomura/ Seaport Global /Baird /Penserra/ Raymond James/Siebert Williams Shank |
| Expected To Trade: | 10/28/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |