星期日, 10月 17, 2021
Home PV Finance Energy storage company Fluence plans an IPO

Energy storage company Fluence plans an IPO

The company applied to the SEC to list its Class A common stock on the Nasdaq Global Select Market under the symbol “FLNC.”

Source:pv magazine

Energy storage provider Fluence filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock.

Fluence Energy, Inc. applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “FLNC.” The number of shares to be offered and the price range for the proposed offering have not yet been determined.

The company is jointly owned by Siemens and AES and has more than 3.4 GW of energy storage deployed or contracted in 29 markets globally.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., and BofA Securities will act as lead book-running managers for the proposed offering. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, UBS Securities, LLC, Evercore Group L.L.C., HSBC Securities (USA) Inc., and RBC Capital Markets, LLC will act as joint book-running managers. Nomura Securities International, Inc., Robert W. Baird & Co. Incorporated, Raymond James & Associates, Inc., Seaport Global Securities LLC, Penserra Securities LLC, and Siebert Williams Shank & Co., LLC will act as co-managers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

A shift in focus is coming for a DOE loan program

The Department of Energy’s (DOE) Loan Programs Office (LPO) has issued more than $35 billion in loans and loan guarantees for more than 30...

NREL findings could delay silicon solar panel degradation

Researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and Colorado School of Mines are applying a new technique to identify...

New Jersey city partners with PosiGen to bring solar to LMI residents

Paterson is the first New Jersey city to join in partnership with the Solar for All New Jersey program from Posigen, a rooftop solar...

Swell Energy to establish 45-MWh virtual power plant for Northern California utility

Swell Energy has set up 45-MWh virtual power plant (VPP) contract with California utility Redwood Coast Energy Authority (RCEA), bringing essential power reliability to...