Fluence Energy (FLNC) Gets 24.5% Boost From AES $38-Billion Acquisition Report

We recently published 10 Stocks Stealing The Spotlight Today. Fluence Energy, Inc. (NASDAQ:FLNC) is one of the top performers on Wednesday.

Shares of Fluence Energy soared by 24.54 percent on Wednesday to end at $13.45 apiece as investor optimism for one of its largest shareholders, The AES Company, spilled over to its stock.

This followed reports by Financial Times on Wednesday that The AES Company, which owns a significant stake in Fluence Energy, Inc. (NASDAQ:FLNC), was in talks with investment firm BlackRock for a potential $38 billion merger agreement.

Investors anticipated that any ownership and leadership changes in AES could be beneficial for Fluence Energy, Inc. (NASDAQ:FLNC) on expectations that it would inject more capital, implement strategic adjustments, and ultimately support the growth of the company.

BlackRock has been setting its sights on AES since July this year, as it aims to position itself and capitalize on the booming energy sector, fueled by the strong power demand from the artificial intelligence industry.

Fluence Energy, Inc. (NASDAQ:FLNC) was a joint venture company between Siemens and AES and was launched in January 2018.

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Disclosure: None. This article is originally published at Insider Monkey.