Here's Why FuelCell Shares Are Rising

Here's Why FuelCell Shares Are Rising

FuelCell Energy Inc FCEL shares are trading higher by 9.97% to $4.19 Friday. The stock may be rebounding after falling Thursday following a wider-than-expected third-quarter net loss.

What Happened?

FuelCell said fiscal third-quarter revenue increased 61% year-over-year to $43.1 million, which beat average analyst estimates of $35.81 million.

The company reported a quarterly net loss of 8 cents per share, which missed average analyst estimates for a loss of 6 cents per share...Read More

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According to data from Benzinga Pro, FuelCell has a 52-week high of $11.63 and a 52-week low of $2.87.

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