Published on 30 Nov 2021 on Benzinga
Why FuelCell Stock Could Be In For A Power Move If These Key Patterns Play Out
FuelCell Energy, Inc (NASDAQ: FCEL) has so far not received any meaningful boost from the $1.2 trillion infrastructure bill signed by President Joe Biden on Nov. 15, which allots about $9.5 billion toward the hydrogen energy industry and fuel cell technology.
The stock is trading about 70% down from the Feb. 10 all-time high of $29.44, despite a global effort to move toward clean energy and a blow-out third-quarter earnings report where FuelCell beat estimates by a whopping 20%.