EOS Energy fell -13%, FuelCell Energy and Fluence Energy also fell around -11%. The energy storage and fuel cell sector got hit hard today; Bloom Energy fell five points, relatively lighter 😭
Among clean energy, these high-beta targets that haven't yet achieved profitability were initially lifted by policies and growth stories. Now, with a strong dollar and rising interest rate expectations, they are the first to be pressed down by capital. For those holding on, before the macro environment turns, there's basically only enduring.
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