FLNC is trading 5.2% down at $20.95 after its controlling stockholders priced a 20 million share secondary offering at $21.00.
- The deal, tied to Siemens and AES affiliates, follows a sharp multi-day rally and appears to be driving profit-taking and supply concerns.
- Fluence is underperforming broader indices as investors digest insider monetization and the added float from the secondary sale.