FuelCell Flies, Nikola Hits Nadir as Nasdaq Lags

Investors have been extremely pleased with the way the Nasdaq Composite (NASDAQINDEX: ^IXIC) has moved higher recently, outpacing many other major market benchmarks. However, even the high-flying Nasdaq has to take a pause occasionally, and Wednesday morning was one of those occasions. Even as other indexes climbed, the Nasdaq was down 0.1% as of 11:30 a.m. EST.

The Nasdaq's malaise didn't stop stocks in some of the market's hottest sectors from continuing to climb. Among the most popular was FuelCell Energy (NASDAQ: FCEL), which could stand to benefit from recent legislation going through Washington. However, Nikola (NASDAQ: NKLA) got bad news that sent its stock falling even further, making remaining shareholders less confident about the electric truck specialist's future prospects.

Shares of FuelCell Energy were higher by 15% on Wednesday morning. That brought the total gain for the stock to nearly 60% in just over a week's time.

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Source Fool.com