Fuelcell Energy Inc (FCEL)

Overview News Price History Option Chain Why FCEL Down? Discussions Forecast Stock Split

Why is Fuelcell Energy Inc (FCEL) Stock down?

We've noticed a 6.06% decline in Fuelcell Energy Inc (FCEL) stock during the 2024-04-24 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

18 Oct, 2023:

Shares of Fuelcell Energy Inc (FCEL) dropped by 8.24% from $1.395 to $1.28 in the trading on Wednesday, October 18, 2023. The reason why FCEL is down today is due to broader market movements.

Market Declined: S&P 500 down 1.3%, Nasdaq Composite down 1.6%, Dow industrials down about 1%.
Treasury Yields and Oil Prices: Treasury yields continued their ascent, with the 10-year note yield rising to 4.902%, up from 4.846% the previous day. Meanwhile, oil prices experienced an uptick, as Brent crude increased by nearly 2% to reach $91.50 a barrel. These gains were influenced by concerns related to the Israel-Hamas conflict and expectations of stronger Chinese demand.
Challenges in Semiconductor and Airline Sectors: Semiconductor stocks faced their second consecutive day of decline after the U.S. announced plans to restrict chip exports. Airline stocks also faced headwinds, with United Airlines lowering its earnings forecast for the year-end. These various factors combined to create a complex and challenging trading environment for investors on this particular Wednesday.

12 Oct, 2023:

Shares of Fuelcell Energy Inc (FCEL) dropped by 5.84% from $1.37 to $1.29 in the trading on Thursday, October 12, 2023. The reason why FCEL is down today is due to underperformance of hydrogen stocks in 2023, despite strong support from the Biden administration in 2022. Hydrogen and fuel cell companies, including FCEL, reported mixed Q2 2023 results, all struggling with losses due to limited adoption and high operational costs, especially in research and development and manufacturing. Investors are concerned about these financial challenges in the hydrogen tech sector.

14 Jul, 2023:

Shares of Fuelcell Energy Inc (FCEL) dropped by 6.75% from $2.37 to $2.21 in the trading on Friday, July 14, 2023. The reason why FCEL is down today is due to broader market dynamics and developments in the hydrogen sector. Positive news from Plug Power (PLUG)and growing interest in hydrogen solutions, spurred by the European Commission's funding plans, influenced the sector. While FuelCell Energy didn't have specific positive news, it experienced fluctuations due to the overall market sentiment in the hydrogen industry.