Here's Why FuelCell Shares Are Rising

Loading...
Loading...

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

See Also: Apple Launches iPhone 14, High-End Apple Watch, Emergency Satellite Capabilities And More: What Investors Need To Know

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

Market News and Data brought to you by Benzinga APIs
Posted In: Penny StocksSmall CapMoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...