What's Going On With Fluence Energy Shares?
Portfolio Pulse from Henry Khederian
Fluence Energy Inc (NASDAQ:FLNC) shares are trading lower following the announcement of a secondary offering of 18 million shares by existing controlling stockholders. The company will not sell any shares nor receive proceeds from the offering. J.P. Morgan Securities LLC, Barclays Capital Inc., and Morgan Stanley are managing the offering.
December 07, 2023 | 9:14 pm
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Fluence Energy's share price is experiencing downward pressure due to the secondary offering of 18 million shares by controlling stockholders, which could dilute existing shares.
Secondary offerings often lead to dilution of existing shares, causing downward pressure on the stock price. Although Fluence Energy isn't selling shares or receiving proceeds, the increase in available shares can negatively impact investor sentiment in the short term.
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