Fluence Energy, Inc. (FLNC) experienced a significant pre-market surge of 5.12% on Wednesday.

The stock's upward movement follows the company's announcement of the pricing for a secondary public offering. Certain controlling stockholders are offering 20 million shares of Class A common stock at a price of $21.00 per share. The selling stockholders have also granted underwriters a 30-day option to purchase an additional 3 million shares. Notably, Fluence Energy will not receive any proceeds from this offering, as it is entirely secondary.

The pricing of the offering appears to have been received positively by the market during the pre-market session.