What Happened?
Shares of electricity storage and software provider Fluence (NASDAQ:FLNC)
jumped 4.7% in the afternoon session after the company announced two significant operational milestones: energizing Ukraine's largest battery storage project and shipping its first U.S.-made battery systems.
Fluence, in partnership with Ukraine's largest private energy company, DTEK Group, has activated a 200 MW battery-based energy storage project. This massive undertaking consists of six systems with the capacity to store 400 MWh of electricity, enough to power 600,000 Ukrainian homes for two hours, thereby enhancing the nation's energy security. In a separate key development, the company also announced it has shipped its first domestic content lithium-ion battery storage systems built with U.S.-made components. This achievement is a major step in reshoring critical technology manufacturing and strengthens the American energy supply chain, potentially unlocking valuable incentives for customers.
After the initial pop the shares cooled down to $7.04, up 4.4% from previous close.
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What Is The Market Telling Us
Fluence Energy’s shares are extremely volatile and have had 68 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 2 days ago when the stock dropped 5.3% on the news that concerns about the health of the U.S. economy grew following a significant downward revision of job market data.
The Labor Department reported that employers added 911,000 fewer jobs from April 2024 through March than initially estimated. These "benchmark revisions" are issued annually to more accurately account for new and defunct businesses. The report detailed that the leisure and hospitality sector added 176,000 fewer jobs, professional and business services 158,000 fewer, and retailers 126,000 fewer. This weaker-than-expected data has fueled investor anxiety, as it suggests businesses may be becoming more reluctant to hire amid economic uncertainty. The numbers issued are preliminary, with final revisions scheduled for February 2026.
JPMorgan Chase CEO Jamie Dimon added that the U.S. economy is "weakening," though he stopped short of predicting a recession. "Whether it's on the way to recession or just weakening, I don't know," he said. Dimon's remarks are closely watched, given his influence as head of one of the nation's largest banks.
Fluence Energy is down 58.4% since the beginning of the year, and at $7.04 per share, it is trading 70% 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 $201.13.
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