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Fluence Energy (NASDAQ:FLNC) +4.6% pre-market on Monday after appointing board member Julian Nebreda to succeed Manuel Perez Dubuc as its new President and CEO, effective September 1.

Nebreda has been a member of Fluence’s (FLNC) board since September 2021, and most recently was President of U.S. & Global Business Lines for AES Corp.

Pérez Dubuc is expected to step down from his current position and resign from the board on August 31.

Fluence Energy (FLNC) is currently undervalued even after top-tier names like Siemens and AES are major shareholders, while Qatar Investment Authority has made an important investment in the company, Innovation Sustainability Growth writes in a bullish analysis posted on Seeking Alpha.

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