FuelCell Energy Shares Plunge 15.4% as Sell-Off Continues
Shares of FuelCell Energy (NASDAQ: FCEL) fell as much as 17.6% on Monday, continuing a drop that has the stock down nearly 50% in under a week. Shares closed the day down 15.4% and show absolutely no sign of recovery right now.
The drop today is a continuation of last week's drop following a nearly 30% decline after fiscal fourth-quarter earnings came out. Revenue and earnings both fell short of expectations, and after the stock jumped over 600% in the last few months, the market was expecting better results.
A FuelCell Energy plant. Image source: FuelCell Energy.
Source Fool.com
