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Updated · MarketWatch · May 6FuelCell Energy stock slides 5.46% and underperforms market
7 articles · Updated · MarketWatch · May 6
- The shares closed at $12.81 on Wednesday as the Nasdaq rose 2.02% to 25,838.94 and the Dow gained 1.24% to 49,910.59.
- FuelCell Energy ended 10.42% below its 52-week high of $14.30, reached on 1 May.
- Trading volume reached 9.7 million shares, well above the company's 50-day average of 3.6 million, indicating heavier-than-usual investor activity.
Can FuelCell's AI strategy succeed despite its unprofitability and shrinking backlog? Can AI's immense power demand sustain the fuel cell industry amid shifting clean energy policies?