Short interest for FuelCell Energy gives investors a sense of the degree to which investors are betting on the decline of FuelCell Energy's stock. Short interest data is updated every two weeks.

FuelCell Energy Stock (NASDAQ:FCEL), Short Interest Report

FuelCell Energy

FuelCell Energy Inc is a fuel-cell power company. FuelCell designs manufactures, sells, installs, operates, and services fuel cell products and electrolysis platforms that decarbonize power and produce hydrogen. 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.

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Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

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Why Vaxxinity Shares Are Trading Lower By Around 55%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

FuelCell Energy Inc

FUELCELL ENERGY INC PFD B by FuelCell Energy, Inc.

Shares of Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) fell sharply during Tuesday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/04/38365860/nucor-shares-fall-after-worse-than-expected-q1-results">quarterly financial results</a>.
Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Nucor shares tumbled 6.5% to $179.20 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares jumped 100% to $0.2419 after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere&#8217;s operation in Dubuque, Iowa.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares climbed 50.4% to $0.0689 after falling 10% on Monday.</li>
<li>Oportun Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRT#NASDAQ">OPRT</a>) gained 46% to $3.29 after the company announced preliminary first-quarter total revenue above estimates.</li>
<li>Palisade Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) shares climbed 44.3% to $7.12 after the company entered a collaboration with Strand Life Sciences.</li>
<li>KULR Technology Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NASDAQ">KULR</a>) gained 27% to $0.5683 after the company announced it delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) climbed 20% to $5.22.</li>
<li>HWH International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) rose 19.5% to $1.5307 after declining 3% on Monday.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) gained 18.7% to $9.49.</li>
<li>Hibbett, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) rose 18.4% to $85.85 after the company agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) gained 17.4% to $1.3499.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) rose 15.5% to $9.24.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) gained 15.5% to $0.9295.</li>
<li>Carmell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTCX#NASDAQ">CTCX</a>) climbed 15.2% to $2.20.</li>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) shares gained 15% to $0.2244 after the company announced new preclinical data will be presented at the American Society of Gene and Cell Therapy meeting.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) jumped 14.4% to $0.8603.</li>
<li>9F Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFU#NASDAQ">JFU</a>) rose 14.3% to $3.29.</li>
<li>Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) gained 14% to $1.05. The company executives announced intentions to purchase at least $2 million of the company's common stock.</li>
<li>Cartesian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) jumped 12.7% to $20.59 after Leerink Partners initiated coverage on the stock with an Outperform rating and announced a $39 price target.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) gained 12.3% to $305.73 following first-quarter financial results.</li>
<li>Heron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTX#NASDAQ">HRTX</a>) climbed 11.6% to $2.89 after Capital One initiated coverage on the stock with an Overweight rating and $6 price target.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) gained 9.4% to $6.05.</li>
<li>Ryder System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) rose 9% to $118.82 following better-than-expected quarterly earnings.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) jumped 8.8% to $10.15.</li>
<li>HealthStream, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) surged 7.4% to $25.91 following upbeat quarterly results.</li>
<li>Cidara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTX#NASDAQ">CDTX</a>) shares rose 7% to $0.55 following upbeat quarterly results.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) gained 6.2% to $62.20.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Abeona Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABEO#NASDAQ">ABEO</a>) fell 48.4% to $3.7950 after the company announced the FDA issued a Complete Response Letter in response to the company&#8217;s Biologics License Application for pz-cel for the treatment of patients with recessive dystrophic epidermolysis bullosa.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares fell 44.6% to $0.0699. Greenwave Technology Solutions disclosed that it further strengthened its balance sheet by approximately $12 million.</li>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) fell 44.4% to $0.5450.</li>
<li>Tungray Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) shares declined 34.2% to $4.87 after gaining 24% on Monday.</li>
<li>Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) fell 26.3% to $0.5091.</li>
<li>Moolec Science SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) fell 24.3% to $1.87. On April 22, Moolec Science said it received approval for its plant-grown animal proteins.</li>
<li>YY Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYGH#NASDAQ">YYGH</a>) fell 22.4% to $2.25 after tumbling over 27% on Monday. The company, last week, priced its IPO at $4 per share.</li>
<li>Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) dipped 19.7% to $2.0899.</li>
<li>Comstock Holding Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCI#NASDAQ">CHCI</a>) declined 18.8% to $6.44.</li>
<li>SuperCom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) dipped 18% to $0.2369. SuperCom recently reported better-than-expected quarterly results.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) declined 16.2% to $6.29 after the company reported first-quarter financial results and issued worse-than-expected Q2 and FY24 Revenue outlook.</li>
<li>MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) declined 13% to $448.01 following first-quarter financial results.</li>
<li>LKQ Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) fell 12.6% to $42.78 after the company reported a first-quarter earnings miss and cut its FY24 outlook.</li>
<li>Simpson Manufacturing Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) dipped 11.7% to $163.40 following weak quarterly earnings.</li>
<li>Jaguar Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) shares fell 11.2% to $0.1598 after the company filed for a mixed shelf offering of up to $75 million.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) tumbled 11.1% to $14.60 after the company reported worse-than-expected first-quarter results and reiterated FY24 guidance.</li>
<li>T2 Biosystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTOO#NASDAQ">TTOO</a>) declined 10.4% to $2.83 after gaining around 7% on Monday.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) shares fell 10.1% to $7.13 after the company issued its production and sales performance metrics for the nine months ended 31 March, 2024.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) fell 9.3% to $0.3530 after dipping around 14% on Monday.</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) dipped 7.8% to $19.22 after the company&#8217;s reported worse-than-expected first-quarter financial results.</li>
<li>Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) fell 7.1% to $0.77. Phio Pharmaceuticals shares jumped around 33% on Monday after the company announced that its intratumoral injection of murine PH-762 inhibited tumor growth in murine tumor models and may generate memory-specific T cells.</li>
<li>Calix, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) shares fell 4.1% to $28.34 after the company reported mixed first-quarter financial results and issued second-quarter guidance below estimates.</li>
</ul>
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Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

U.S. stocks were higher, with the Nasdaq Composite gaining over 200 points on Tuesday.
Shares of HealthStream, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) rose sharply during Tuesday's session following upbeat <a href="https://www.benzinga.com/quote/HSTM/earnings">quarterly results</a>.
HealthStream posted first-quarter GAAP earnings of 17 cents per share, beating market estimates of 11 cents per share. The company's quarterly sales came in at $72.760 million versus expectations of $71.883 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
HealthStream shares jumped 7.4% to $25.91 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares gained 29% to $2.03.</li>
<li>Hibbett, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) shares climbed 18.4% to $85.85 after the company agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) shares jumped 15.5% to $9.24.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) rose 15.5% to $0.9295.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) climbed 14.2% to $1.3150.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) gained 14.4% to $0.8603.</li>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) rose 14.2% to $10.30. Critical Metals named Tony Sage as Chief Executive Officer.</li>
<li>Cartesian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) surged 12.7% to $20.59 after Leerink Partners initiated coverage on the stock with an Outperform rating and announced a $39 price target.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) shares jumped 12.3% to $305.73 following first-quarter financial results.</li>
<li>Heron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTX#NASDAQ">HRTX</a>) gained 11.6% to $2.89 after Capital One initiated coverage on the stock with an Overweight rating and $6 price target.</li>
<li>Sweetgreen, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>) rose 10.3% to $22.42.</li>
<li>Repligen Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) climbed 9.6% to $172.59 as life sciences stocks gained following strong earnings from Danaher.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) surged 9.4% to $6.05.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) rose 9.2% to $783.26.</li>
<li>Ryder System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) climbed 9% to $118.82 following better-than-expected quarterly earnings.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) rose 8.8% to $10.15.</li>
<li>Lifezone Metals Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZM#NYSE">LZM</a>) gained 8.4% to $7.26.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) rose 8.1% to $10.86.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) surged 8.1% to $19.00.</li>
<li>BeiGene, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) rose 7.4% to $140.70 after the European Commission approved Tislelizumab for non-small cell lung cancer across three indications, including first- and second-line use.</li>
<li>Danaher Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) rose 7% to $252.49 following better-than-expected first-quarter financial results.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) gained 6.6% to $172.15.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares jumped 6.2% to $62.20.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/04/38376714/wall-streets-most-accurate-analysts-views-on-3-energy-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Energy Stocks With Over 3% Dividend Yields</a>

Shares of Vaxxinity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VAXX#NASDAQ">VAXX</a>) fell sharply during Monday's session after the company announced its intention to voluntarily delist and deregister its Class A common stock.
Vaxxinity shares dipped 54.8% to $0.2150 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Matterport, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTTR#NASDAQ">MTTR</a>) shares jumped 184% to $4.93. CoStar Group announced plans to acquire Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion value.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) climbed 126% to $1.67 after the company signed a non-binding term sheet for a potential reverse merger with European Wellness Investment Holdings.</li>
<li>Moolec Science SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) shares climbed 88.4% to $2.5950 after the company announced that it received USDA approval for plant-grown animal proteins.</li>
<li>Tungray Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) gained 48.8% to $5.95 after surging around 49% on Friday. The company priced its IPO at $4 per share.</li>
<li>SuperCom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) shares gained 46% to $0.3212 after the company reported better-than-expected fourth-quarter results.</li>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) climbed 42% to $1.7742.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) jumped 39% to $5.23 after the company announced it regained compliance with the Nasdaq bid price requirement.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) jumped 29.8% to $1.35.</li>
<li>Graphjet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTI#NASDAQ">GTI</a>) climbed 27.6% to $8.61. Graphjet Technology&#8217;s Tham Choi Kuen, CFO, announced the decision to resign due to health reasons, effective immediately.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) rose 25% to $0.55 after dipping more than 30% on Friday.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) climbed 23% to $4.13.</li>
<li>Jaguar Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) gained 23% to $0.1936.</li>
<li>WANG &amp; LEE GROUP, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) climbed 21.7% to $0.73. Wang &amp; Lee Group, last week, reported a year-over-year increase in FY23 financial results.</li>
<li>Onfolio Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) climbed 20.8% to $0.52.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares gained 17.4% to $0.5281 amid recent volatility in the stock. Chairman T.J. Rodgers said he converted $5 million of his CSLR debt to equity as an indication of his belief in the company.</li>
<li>NKGen Biotech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKGN#NASDAQ">NKGN</a>) climbed 14.8% to $1.2750.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) gained 11.2% to $1,305.56 amid a rise in Bitcoin.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) gained 10.4% to $60.79 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70.</li>
<li>Ingevity Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVT#NYSE">NGVT</a>) rose 8.7% to $48.30. Jefferies analyst Daniel Rizzo upgraded Ingevity from Hold to Buy and raised the price target from $52 to $62.</li>
<li>Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) rose 7.9% to $9.85 amid a rise in Bitcoin.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) gained 6.5% to $224.72 amid a rise in Bitcoin.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Hepion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPA#NASDAQ">HEPA</a>) fell 40.4% to $1.2515 after the company announced that it began wind-down activities in its Phase 2b &#8220;ASCEND-NASH Trial.</li>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) fell 26.2% to $0.7001.</li>
<li>Warrantee Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRNT#NASDAQ">WRNT</a>) fell 24.2% to $0.3223. Warrantee announced receipt of Nasdaq delisting determination and plan to appeal.</li>
<li>Bio-Path Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPTH#NASDAQ">BPTH</a>) fell 22.3% to $3.3350. Bio-Path recently announced closing of $1.2 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Inhibikase Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IKT#NASDAQ">IKT</a>) dipped 19.5% to $1.64.</li>
<li>Jin Medical International Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJYL#NASDAQ">ZJYL</a>) fell 18.8% to $3.1502</li>
<li>Indonesia Energy Corporation Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDO#NYSE">INDO</a>) shares declined 15.4% to $4.25 after gaining 23% on Friday. Indonesia Energy, last month, filed for mixed shelf offering of up to $50 million.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) fell 14% to $0.7357. Virgin Galactic recently announced it is considering a reverse stock split with a range between 1-for-2 and 1-for-20.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) shares fell 13.7% to $1.5250 after dipping 47% on Friday. Sunshine Biopharma's Nora Pharma received Health Canada approval for Niopeg.</li>
<li>Mobile-health Network Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDR#NASDAQ">MNDR</a>) fell 11.9% to $24.01. Mobile-health Network Solutions said it sees 1H revenue of $6 million versus $3 million year over uear.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) fell 10.9% to $1.2515.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) declined 9.7% to $0.1480 after gaining 9% on Friday. AgriForce Growing Systems was granted Australian patent number 2018215090 titled &#8220;High Fiber, High Protein, Low Carbohydrate Flour, Sweetened Liquid, Sweeteners, Cereals, And Methods For Production Thereof.&#8221;</li>
<li>Energy Fuels Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#NYSE">UUUU</a>) declined 9.7% to $5.26. Energy Fuels entered into definitive scheme implementation deed with Base Resources for the acquisition of all issued shares for A$375 million.</li>
<li>Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) dipped 9.6% to $0.4478.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) fell 9.5% to $10.96. Applied Optoelectronics is expected to release financial results for its first quarter ended March 31, 2024 on May 9, 2024.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) fell 9.3% to $0.8023.</li>
<li>Mingteng International Corporation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTEN#NASDAQ">MTEN</a>) fell 6.5% to $3.45 after gaining over 5% on Friday. Mingteng International, last week, priced its IPO at $4.00 per share.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) fell 6.2% to $24.74. Shares of Chinese EV stocks traded lower after Tesla reduced vehicle prices in China.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 3.2% to $142.24 after the company reduced vehicle prices in the US, Germany and China.</li>
</ul>
Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38355230/how-to-earn-500-a-month-from-azz-stock-ahead-of-q4-earnings">How To Earn $500 A Month From AZZ Stock Ahead Of Q4 Earnings</a>

Why Vaxxinity Shares Are Trading Lower By Around 55%? Here Are Other Stocks Moving In Monday's Mid-Day Session

FuelCell Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NYSE">FCEL</a>) short percent of float has fallen 6.14% since its last report. The company recently reported that it has 88.75 million shares sold short, which is 19.71% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>FuelCell Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713466828_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for FuelCell Energy has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing FuelCell Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, FuelCell Energy's peer group average for short interest as a percentage of float is 12.69%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into FuelCell Energy's Recent Short Interest

FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>), announced that its carbonate fuel cell technology will be used in <a href="https://www.globenewswire.com/Tracker?data=6KCnWD6AK0WRYNjsu82sG61AGHx7EiNZWXyfh3WIoZ9T63WFLh8oltl6rMmaEyAUPQrYJorir1npOncfQucxS8tZ9zba6sQioPzCUI8jDQigmSshRU0Tz4mhfWvSpFrBhgLyixdfb4gwLgBnwcwiGm0o0XVGa1u2qaZnuO9mRKF7kEYdZqDwt-er_XlJ4lxbG-9RpyUBaKEokjk0k9srvLfmW_vtOe4PC5ysArG6Z25P6Xc41R4lWc32klCsqXlQ">a biogeneration project</a> developed by Ameresco for the Sacramento Area Sewer District (Sacramento Sewer) to convert on-site biofuel into clean electricity. One of the company's 2.8-Megawatt carbonate fuel cell platforms, which produces power and useful heat from biogas and has the potential for future production of renewable green hydrogen, will be deployed on the project. &nbsp;
The company also said that it has entered an agreement to provide comprehensive maintenance services for the fuel cell system, which will ensure that Sacramento Sewer can focus on its mission of protecting public health and the environment while delivering renewable power from the cleanest technology available.
Jason Few, FuelCell Energy's CEO &amp; President, commented, "FuelCell Energy's patented power platforms are unique in their ability to run on on-site biogas without combustion, and they help community facilities like SacSewer produce efficient, clean, and continuous electricity with reduced operating expenses. Plus, the community benefits from reduced greenhouse gas emissions and less pollutants."
He added, "FuelCell Energy's technology is also helping local governments meet their sustainability goals by minimizing or avoiding the use of combustion-based boilers for heat, while boosting their resiliency and limiting their dependence on the local grid."
FuelCell Energy has been doing business in California since 2005 and has partnered with several government entities seeking to provide clean energy to their communities through innovative platforms. This includes three other installations that have been successfully running on biogas in Riverside, San Bernardino, and Tulare.

FuelCell Energy Technology To Be Used In Sacramento Wastewater Biofuel Clean Energy Project

<ul>
<li>Carbonate fuel cell technology captures CO2 emissions from industrial sources, while simultaneously generating electricity and hydrogen, valuable co-products that can reduce the cost of carbon capture and storage. &nbsp;</li>
<li>Updated terms of agreement provide that FuelCell Energy can market its original generation of carbon capture technology in addition to a modified version of its original technology that has been enhanced with innovations from the companies' jointly developed design. &nbsp;</li>
<li>Pilot project to test jointly developed carbon capture technology proceeding at Esso Nederland BV's Rotterdam Manufacturing Complex; project start-up expected in early 2026. &nbsp;</li>
</ul>
DANBURY, Conn., April 08, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) and ExxonMobil Technology and Engineering Company (EMTEC) have updated and extended a joint development agreement (JDA) governing the companies' development of unique technology that captures CO2 emissions directly from industrial sources while producing electricity and hydrogen simultaneously. As a result, access to the technology could be accelerated for commercial customers.
The JDA between FuelCell Energy and EMTEC has been extended through December 31, 2026, to allow for continued development work for the technology, including support of the pilot project at the Esso Nederland BV Rotterdam Manufacturing Complex. The pilot project is co-funded by the European Union under the Emissions Trading System Innovation Fund and by the Netherlands Enterprise Agency by means of a Demonstration Energy and Climate Innovation (DEI+) grant.
The agreement allows FuelCell Energy to incorporate elements of the jointly developed technology into existing carbon capture products currently being marketed to customers. This is expected to accelerate delivery of the technology to the market while the next generation cell and module design is being demonstrated in Rotterdam.
The jointly developed carbon capture fuel cell technology to be demonstrated in Rotterdam features an optimized design for large scale installations. The technology, which captures carbon while simultaneously generating electricity and hydrogen, could improve the economics of carbon capture and could potentially lower the barrier to broader adoption of carbon capture in the marketplace.
Jason Few, CEO and president of FuelCell Energy said, "Through this updated agreement, we can move more quickly to provide access to this superior technology in our existing platform targeting small to mid-scale opportunities while we demonstrate large scale carbon capture at Esso's refinery in Rotterdam."
He added, "Reaching this stage is a significant milestone for FuelCell Energy, as the technology so far has met or exceeded key technical performance criteria, and that's a victory for the talented scientists and engineers from both of our companies. It also reinforces our view that there are significant commercial possibilities for this technology to enable a world empowered by clean energy."
JDA to Help Accelerate Delivery of Technology's Jointly Developed Innovations The JDA extension provides FuelCell Energy the opportunity to pursue carbon capture opportunities with customers using the optimized carbon capture cell architecture within our current generation module design incorporating select improvements derived from our joint development work. We believe this will accelerate delivery of the benefits of the technology to market while the next generation cell and module design are being demonstrated in Rotterdam. In addition, it will support future pioneer project deployments of the jointly developed technology that the companies anticipate pursuing with select customers.
We believe the ability to incorporate improvements from the JDA into FuelCell Energy's current generation modules will enhance the capabilities of our power, hydrogen, and carbon recovery solutions and provide the ability to offer more attractive near-term carbon capture solutions.
Commercial Framework to be Outlined
Along with the execution of the JDA extension, FuelCell Energy and ExxonMobil intend to negotiate a commercial framework aimed at enabling deployments of the carbonate fuel cell technology for carbon capture.
In addition, FuelCell Energy and ExxonMobil will continue engaging the industrial emitter market, with a focus on demonstrating the unique value proposition offered by the ability to capture CO2 emissions from an external source and produce electricity and hydrogen simultaneously.
Manufacturing of the modules for the Rotterdam demonstration has begun in FuelCell Energy's Torrington, Connecticut, manufacturing facility.
Jointly Developed Technology
FuelCell Energy and ExxonMobil's 10-year-long working relationship has focused on innovating technology that can significantly reduce CO2 emissions from emission-intensive sectors while generating electricity and hydrogen in the process, something that no other fuel cell technology or conventional absorption systems can do.
CO2-containing flue streams, such as combustion exhaust, can be directed to the fuel cell, where electrochemical reactions produce electricity and hydrogen, while capturing and concentrating carbon dioxide for utilization or permanent sequestration and destroying NOx. By comparison, other carbon capture technologies consume energy from the host plant, grid, or onsite generation decreasing efficiency and presenting a barrier to broader adoption. CFC technology is also modular, potentially enabling carbon capture across a wide range of deployment scales.

Price Target

Analyst Ratings

Canaccord Genuity Maintains Hold on FuelCell Energy, Lowers Price Target to $1.5

B. Riley Securities analyst Christopher Souther maintains FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) with a Neutral and lowers the price target from $2.5 to $2.

B. Riley Securities Maintains Neutral on FuelCell Energy, Lowers Price Target to $2

The S&amp;P 500 soared past the 5,150-point mark during midday trading in New York, reclaiming its record-high territory set earlier in the week. This surge was propelled by reassuring comments from Fed Chair Jerome Powell regarding <a href="https://www.benzinga.com/news/econ-s/24/03/37539442/housing-market-in-a-very-difficult-situation-fed-chair-powell-tells-senate-committee">potential interest rate declines.</a>
Addressing the Senate Banking Committee, Powell indicated that the Fed is not too far from being confident enough to cut rates suggesting a growing inclination among policymakers to initiate easing policy this year.
Powell&#8217;s statements injected fresh optimism into the markets, with the tech-heavy Nasdaq 100 climbing to 18,290, nearing its previous record of 18,333 points achieved just days prior.
Trending: Bitcoin To $100,000? <a href="https://www.benzinga.com/money/bydfi-btc-100k" target="_blank" rel="noreferrer noopener">Here&#8217;s what gold bug Peter Schiff said could happen on Anthony Pompliano&#8217;s podcast.</a>
The Magnificent Seven, monitored through the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>), rallied by 2%, led by standout performances from Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which surged by 4%, and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), climbing by 3.5% and surpassing the $900 per share milestone.
Meanwhile, Treasury yields experienced a slight decline, while the dollar weakened by 0.4%, heading towards its lowest closing level since mid-January.
In Europe, the European Central Bank (ECB) opted to maintain interest rates at their current levels. However, ECB President Christine Lagarde struck a cautious tone during the press conference, emphasizing that discussions on rate cuts had not taken place during the meeting. Lagarde also underscored the independence of Frankfurt&#8217;s decision-making process from that of the Fed and highlighted the need for increased confidence before considering any policy adjustments.
Gold continued its upward trajectory, notching new record highs, now surpassing $2,155 per ounce and marking its eighth consecutive session of gains.
In the cryptocurrency market, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw a 2.6 percent increase, reaching $67,840 per coin and inching closer to its all-time high, now less than 2 percent away.
<h3 class="wp-block-heading">Chart of The Day: S&amp;P 500 Breaks All-Time Highs Again, Up 9% Year To Date</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/07140539/image-16-1024x495.png" alt="" class="wp-image-243787" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/07140539/image-16-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/07140539/image-16-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/07140539/image-16-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/07140539/image-16-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/07140539/image-16.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Thursday&#8217;s Performance In US Major Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices &amp; ETFs</td>
<td>Price</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,272.45</td>
<td>1.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,149.52</td>
<td>0.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,078.83</td>
<td>0.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,730.95</td>
<td>0.2%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.9% to $514.40, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) surged 0.2% to $387.99 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.5% to $445.43, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
The&nbsp;Communication Services&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>), was the best performer, up by 1.8%, while the&nbsp;Financials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) trailed, declining by 0.4%.&nbsp;
<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>
<ul>
<li>ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) surged by over 8% following a recent analysis by Bank of America, which unveiled that the stock experienced one of the most substantial increases in overweight <a href="https://www.benzinga.com/news/24/03/37521115/nvidia-tops-in-popularity-among-s-p-500-semiconductor-stocks-analyst-sees-room-for-growth">positions among active managers.</a> </li>
<li>Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) surged by almost 10% after revealing promising early data on its experimental obesity drug, demonstrating significant weight loss. The Danish pharmaceutical company has now exceeded the market capitalization of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).</li>
<li>New York Community Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) surged by more than 7% after Fitch Ratings reaffirmed its ratings, prompted by the company&#8217;s announcement of a capital investment exceeding $1 billion from various firms.</li>
<li>Avangrid Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGR#NYSE">AGR</a>) soared by 12.6% following its disclosure of a non-binding offer from its parent company, Iberdrola, to take the company private at $34.25 per share.</li>
<li>Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) plummeted by 30% following the release of its quarterly earnings report.</li>
<li>The Kroger Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) rose 9% after reporting a better-than-expected profit last quarter. </li>
<li>Other stocks reacting to earnings were ABM Industries Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>), up by nearly 5%, American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>), up by 3%, Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), down by 2%, BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>), up by 6.7%, Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>), up by 6%, Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), down by 14%, and FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>), down by 7%. </li>
<li>Companies reporting after the close include BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>), Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), Smith &amp; Wesson Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) and MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>).</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37537336/will-february-employment-data-confirm-economists-slowdown-fears-spur-rate-cut-predi">February Jobs Report Preview: Could Cooler Labor Market Boost Expectations For Interest Rate Cuts?</a>
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S&P 500 Reclaims All-Time Highs As Powell Hints At Rate Cuts, Nvidia Breaks $900, Bitcoin Nears Record Levels: What's Driving Market Thursday?

FuelCell Energy Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) reported a first-quarter fiscal 2024 revenue decline of 55% year-over-year to $16.69 million,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/g37531386/fuelcell-energy-reports-first-quarter-of-fiscal-2024-results" rel="noreferrer noopener">missing the consensus of $23.82 million.</a>
The decline in revenue reflects lower service and product revenue compared to last year. The company reported an EPS loss of $(0.05), flat YoY, <a href="https://www.benzinga.com/calendars/earnings">beating the consensus of $(0.08).</a>
Gross loss for the quarter totaled $(11.7) million compared to gross profit of $5.2 million a year ago. The operating loss expanded to $(42.5) million from $(22.5) million the previous year.
The company stated that the gross loss is in part a result of unfavorable margins for generation, which included expensed construction and gas costs related to the Toyota Project of $3.5 million and a derivative loss of $1.9 million related to a natural gas purchase contract.
Adjusted EBITDA loss reached $(29.1) million versus $(14.4) million in the same quarter of 2023.
FCEL&#8217;s total unrestricted cash, restricted cash, and short-term investments stood at $348.8 million at the end of the quarter.&nbsp;
Backlog was $1.03 billion compared to $1.06 billion, a 3.4% YoY decline due to revenue recognition under product, generation, and service agreements since January 31, 2023.
&#8220;We expect that this quarter&#8217;s performance will be the low water mark of the fiscal year due to an increase in operational generation assets during the quarter and expected product sales over the balance of the fiscal year,&#8221; stated Jason Few, President and Chief Executive Officer.
&#8220;For fiscal year 2024, our top priorities remain commercializing our technologies, accelerating our global sales closure pace and repowering service efforts in Korea, maintaining a strong balance sheet, making disciplined capital allocation decisions and expanding our <a href="https://www.benzinga.com/calendars/guidance">solid oxide manufacturing capacity,&#8221; added Few.</a>
Price Action: FCEL shares are trading lower by 6.6% at $1.14 on Thursday.

Earnings

Guidance

FuelCell Energy Faces Revenue Dip In Q1 Amid Service And Product Challenges, Stresses Positive Outlook

FuelCell Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) reported quarterly losses of $(0.050) per share which beat the analyst consensus estimate of $(0.080) by 37.5 percent. The company reported quarterly sales of $16.700 million which missed the analyst consensus estimate of $23.820 million by 29.89 percent. This is a 54.95 percent decrease over sales of $37.073 million the same period last year.

FuelCell Energy Q1 2024 GAAP EPS $(0.050) Beats $(0.080) Estimate, Sales $16.700M Miss $23.820M Estimate

U.S. stock futures indicate a higher opening on Thursday following the market&#8217;s two-session losing streak, buoyed by Federal Reserve Chair Jerome Powell&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/03/37514990/powell-stresses-need-for-more-data-before-considering-rate-cuts-downplays-recession-commer" rel="noreferrer noopener">seemingly dovish commentary</a>. Bond yields are declining as the market anticipates Fed funds rate cuts this year. Investors await further insights from Powell and other Fed officials to clarify the interest rate outlook.
Traders are also monitoring developments surrounding the regional banking crisis after New York Community Bancorp, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) bailout, along with various job market indicators.
Cues From Wednesday&#8217;s Session:
Powell&#8217;s comments were interpreted by traders as suggesting potential rate cuts this year, contributing to Wednesday&#8217;s market rebound. Major indices opened higher after February&#8217;s ADP private payroll data slightly missed expectations. Despite relinquishing some gains before Powell&#8217;s prepared speech, stocks reversed course following the Fed chief&#8217;s indication of likely rate reductions this year, contingent upon inflation returning to the 2% target.
While indices peaked around mid-session, they later retraced some gains but ultimately closed higher for the day.
Most S&amp;P 500 sector classes closed in positive territory, with consumer staples, IT, and utility stocks leading the gains.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.58%</td>
<td>16,031.54</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.51%</td>
<td>5,104.76</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.20%</td>
<td>38,661.05</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.70%</td>
<td>2,068.09</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
A Morgan Stanley analyst on Wednesday warned about the perils of a top-heavy market. Stocks of just seven large technology companies, known as the Magnificent 7, currently represent about 30% of the index's total market capitalization, a historically high level, said Morgan Stanley&#8217;s Chief Investor Officer Lisa Shalett. 
&#8220;While there may be room for these high-flying mega-caps to rise even further, their outsized presence in benchmark indices creates risk for investors,&#8221; she said. &#8220;Should even one of them tumble, it could deal a considerable blow to even a cautious investor's portfolio.&#8221;
Outlining the risks stemming from this market concentration, Shalett said all seven companies belong to the same tech sector, with overlapping business lines. &#8220;If investors sour on AI, or if one stock goes down, the whole group can fall—dragging down the value of the broader cap-weighted index,&#8221; she said. The analyst also sees risks stemming from their interest-rate sensitivity and sky-high valuations.
Futures Today Futures Performance On Thursday ( as of 6:20 a.m. ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.43%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.26%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.13%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.02%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.27% to $511.15 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 0.45% to $440.75, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Labor Department is scheduled to release its jobless claims report as well as the revised fourth-quarter productivity report at 8:30 a.m. ET. The jobless claims report is expected to show that the number of individuals claiming unemployment benefits may have edged up from 215,000 in the week ended Feb. 24 to 217,000 in the week ended March 2.
The revised productivity and costs report is likely to show a 3.1% quarter-over-quarter increase in non-farm productivity in the fourth quarter, revised down slightly from the 3.2% growth reported earlier. Unit labor costs may have increased by 0.5%.
The Commerce Department will release its monthly trade balance data at 8:30 a.m. ET. The consensus estimate calls for a widening of the trade deficit from $62.2 billion in December to a deficit of $63.4 billion for January.
Powell will testify for a second straight day, this time before the Senate Banking Committee.
The Treasury will auction four- and eight-week bills at 11:30 a.m. ET.
Cleveland Fed President Loretta Mester is due to speak at 11:30 a.m. ET and also make a TV appearance at 1:20 p.m. ET.
The Federal Reserve will release its consumer credit for January at 3 p.m. ET. The outstanding consumer credit is expected to surge from $1.6 billion in December to $10 billion in January.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) fell over 29% in premarket trading after the apparel retailer reported its quarterly results.</li>
<li>ABM Industries Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>), American Eagle Outfitters, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>), Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>), BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>), Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>), Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>), FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) and Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) are among the companies due to release their quarterly results before the market open.</li>
<li>Those reporting after the close include BigBear.ai Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>), Gap, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>), Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), Smith &amp; Wesson Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) and MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>).</li>
<li>Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) climbed about 2% <a href="https://www.benzinga.com/markets/equities/24/03/37528597/rivian-to-unveil-r2-today-can-it-electrify-the-ev-startups-sagging-stock">ahead of its R2 unveil.</a></li>
<li>Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) added over 3% ahead of its AIPCon.</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures fell 0.83% to $78.47 in early European session on Thursday after the commodity climbed 1.25% on Wednesday. The yield on the benchmark 10-year Treasury note fell 0.002 percentage points to 4.102%.
In Asia, the sentiment was mixed, with the Japanese Nikkei 225 Average and Hong Kong&#8217;s Hang Seng Index retreating sharply. The Chinese market also pulled back despite a positive trade balance report from the country. Most other major markets in the region rose, apparently drawing cues from Wall Street.
European stocks stuttered and showed listlessness in early trading.
Among other markets, gold futures hit fresh all-time highs, the U.S. dollar weakened against most major currency pairs and cryptocurrencies firmed up, although apex crypto bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has pulled back below $67,000.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37527820/el-erian-says-market-justified-in-worrying-about-economic-growth-if-2-to-3-fed-rate">El-Erian Says Market Justified In Worrying About Economic Growth If 2 To 3 Fed Rate Cuts Don&#8217;t Happen This Year: &#8216;Last Mile Getting To 2% Is Really, Really Difficult&#8217;</a>

Futures

Previews

Pre-Market Outlook

PLTR

RIVN

US Stock Futures Climb On Fed Rate Cut Hopes While Gold Gleams, Bitcoin Sputters: What Investors Should Know Ahead Of Thursday's Session

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FuelCell Energy Stock (NASDAQ:FCEL), Short Interest Report

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