What's Going On With FuelCell Energy Stock?
Portfolio Pulse from Erica Kollmann
FuelCell Energy, Inc. (NASDAQ:FCEL) shares are trading 5% lower at $1.69, setting a new 52-week low for the stock. This is despite the company recently signing a long-term service agreement with Noeul Green Energy and a memorandum of understanding with Gyeonggi Green Energy. The company has attracted attention from both retail investors and short-sellers, with 15.09% of available FCEL shares being sold short.
August 16, 2023 | 3:20 pm
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FuelCell Energy's stock price is falling despite recent partnerships. The company has also seen a significant amount of short selling.
The stock price is falling despite recent positive news about partnerships, indicating that the market may not view these partnerships as significantly beneficial. Additionally, the high level of short selling suggests that many investors expect the stock price to continue falling.
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