🔴 Fluence Energy is trading 5.8% down as inflation and rate concerns pressure growth stocks

Fluence Energy is trading at $5.85, down 5.8%, as hotter-than-expected U.S. inflation and higher-rate concerns weigh on technology and growth shares.

• On October 14, shares closed at $6.21, down 8.41%; Nasdaq futures fell more than 1% Thursday, Reuters reported.
• Fluence’s Vattenfall contract for a 254 MW, 1 GWh German battery project is positive company news but does not explain the October 15 decline. The supplied information does not establish a new company-specific cause.