Movers and SHAKERS
|Current Price||$7.29 ↓ -0.82|
|52wk Range||$1.98 - $29.44|
|ADVANCED MARKET DATA|
Advanced Market DataFuelCell Energy Inc. (FCEL)
3 Great Pasture Road
Danbury, CT 6810
FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel-cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from the United States followed by South Korea.
Alternative-energy stocks performed well for investors this week, with shares of FuelCell Energy (NASDAQ: FCEL) ending Thursday trading up 9.7% from Friday's close, uranium-miner Denison Mines (NYSEMKT: DNN) gaining 13.9%, and lithium-battery maker Enovix Corporation (NASDAQ: ENVX) doing best of all -- up 15.4%. Enovix investors will be happy to hear that their stock was the only one of the three to also be "in the green" for Thursday, in particular, tacking on 1.6%.
Such a varied group of companies, however -- albeit all operating broadly in the green-energy industry -- owed their gains to different catalysts.
In the case of FuelCell, the fuel-cell industry's eponymous star owed its gains primarily to bullish pronouncements from one of its rivals, Plug Power , which announced last week that hydrogen fuel cells are getting so popular that it expects to record as much as $850 million in sales next year -- and more than triple that number by 2025. Investors are betting that what's good news for Plug will be good news for FuelCell, as well, which, at $3.1 billion in market capitalization, is far smaller than Plug and therefore has more room to grow .
For further details see:Why FuelCell Energy, Denison Mines, and Enovix Stocks Popped This Week
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