What Happened?
Shares of electricity storage and software provider Fluence (NASDAQ: FLNC) jumped 0.7% in the premarket session after the stock showed a slight recovery following a sharp drop in the previous session. The modest gain comes after the stock fell more than 6%. Investor sentiment has been weighed down by the complex tariff environment, with ongoing uncertainties about tariffs on Chinese imports potentially impacting the company's supply chain and cost structure. With no new positive company-specific news, today's pre-market uptick appears to be a technical rebound following the recent sell-off.
After the initial pop the shares cooled down to $6.99, up 0.8% from previous close.
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What Is The Market Telling Us
Fluence Energy’s shares are extremely volatile and have had 70 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was about 21 hours ago when the stock dropped 6% on the news that the major indices continued to retreat amid profit-taking and renewed concerns about tariffs. Investors reacted to a federal court ruling that most of President Trump's global tariffs were illegal, raising uncertainty over trade policy and the fiscal impact of potential refunds. Rising Treasury yields added to the pressure, with the 10-year climbing above 4.2% and the 30-year nearing 5%, intensifying worries about stretched equity valuations. September's historically weak track record for stocks further dampened sentiment, leaving traders cautious ahead of the jobs report later in the week and the Federal Reserve's upcoming rate decision.
Fluence Energy is down 58.7% since the beginning of the year, and at $6.99 per share, it is trading 70.3% below its 52-week high of $23.50 from November 2024. Investors who bought $1,000 worth of Fluence Energy’s shares at the IPO in October 2021 would now be looking at an investment worth $199.39.
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