FuelCell Energy to Join Russell 3000 Index
On Monday, FuelCell Energy (NASDAQ: FCEL) will find itself the new kid in the Russell 3000 Index. The company announced today that it expects to join the index, which tracks U.S. markets' 3,000 largest market cap-weighted stocks, on June 29.
Expressing his excitement, Jason Few, president and CEO of FuelCell Energy, commented that the company's "addition to the Russell indexes is another milestone for FuelCell Energy. Inclusion in the Russell 3000 can assist us in the attraction of broader interest from institutional investors and exchange-traded funds." FuelCell builds technology that converts hydrogen gas into cleaner electric power.
Image source: Getty Images.
Source Fool.com
