What's Going On With FuelCell Energy Stock?
Portfolio Pulse from Erica Kollmann
FuelCell Energy, Inc. (NASDAQ:FCEL) shares have surged over 25% in the past five days, driven by increased tariffs on Chinese goods announced by President Joe Biden. The company is set to report its Q2 financial results on June 10, with analysts expecting a loss of 8 cents per share and revenue of $21.351 million. The stock is trending on Yahoo Finance and trading on heavy volume.
May 28, 2024 | 6:02 pm
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FuelCell Energy shares have surged over 25% in the past five days due to increased tariffs on Chinese goods. The company is set to report its Q2 financial results on June 10, with analysts expecting a loss of 8 cents per share and revenue of $21.351 million. The stock is trending on Yahoo Finance and trading on heavy volume.
The surge in FuelCell Energy's stock price is attributed to increased tariffs on Chinese goods, which positively impacts the clean energy sector. The upcoming Q2 financial results and heavy trading volume further contribute to the stock's upward momentum.
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