Fluence Energy Inc. said Tuesday it plans to raise about $698 million by offering 31 million shares at an estimated price range of $21 to $24 a share. The Arlington, Va., energy storage company that launched as a joint venture between AES and Siemens plans to list its Class A common stock on the Nasdaq Global Market under the symbol FLNC. Fluence Energy reported a net loss of $74.8 million for the nine months ended June 30, compared to a loss of $45.6 million in the year-ago period. It’s projecting total revenue for the fiscal year ending Sept. 30 of between $650 million and $699 million, compared to $561.3 million of total revenue for the fiscal year ended September 30.
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