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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.

PĂ©rez 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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