What's Going On With FuelCell Energy Stock?
Portfolio Pulse from Erica Kollmann
FuelCell Energy, Inc. (NASDAQ:FCEL) shares are trading higher, despite being down over 30% in the past month. The stock's rise is attributed to strength in EV-related stocks and retail investor interest in heavily-shorted stocks. FuelCell Energy recently announced a partnership with the University of Connecticut to use its solid oxide fuel cell technology. The stock has lost 70.5% year to date and is currently considered oversold with an RSI of 4.86.
July 03, 2024 | 5:04 pm
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FuelCell Energy shares are trading higher due to strength in EV-related stocks and retail investor interest in heavily-shorted stocks. The company announced a partnership with the University of Connecticut to use its solid oxide fuel cell technology.
The rise in FCEL shares is driven by broader market trends in EV stocks and retail investor activity in heavily-shorted stocks. The partnership with UConn adds a positive development, potentially boosting investor sentiment.
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