🔴 FLNC is trading 9.1% down today on continued secondary offering pressure and sector weakness

FLNC is trading 9.1% down today at $17.77 as the stock extends a selloff following its recent capital raise.

• Investors continue to digest the $483 million secondary stock offering completed May 15, which has increased market supply and weighed on sentiment.
• The downward move is being amplified by a broader risk-off tone across growth and clean-energy names after several consecutive negative sessions.