Why FuelCell Energy Rocketed This Week
FuelCell Energy (NASDAQ: FCEL) shares zoomed this week, soaring 24.4% in the week as of 3:30 p.m. EST Friday, according to data from S&P Global Market Intelligence. There was no company-specific news or developments, so why did the fuel-cell stock gain so much in value? Thank industry developments, and rivals.
FuelCell Energy shares rallied the most the very first day of the week, even hugely outperforming peers, when the passage of a much-awaited $1.2 trillion infrastructure bill sent investors in clean energy stocks into a tizzy. The bill that was passed the night of Nov. 5 proposes big spending on power infrastructure and clean energy, including $7.5 billion each on zero- and low-emission buses and ferries and on electric-vehicle charging infrastructure.
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Source Fool.com