Why FuelCell Energy's Shares Popped 18% on Monday
Shares of FuelCell Energy (NASDAQ: FCEL) jumped as much as 18.1% in trading today after the start-up of a new facility in California. Shares are up 12.6% as of 11:10 a.m. EST and have been fairly volatile in trading.
Late last week, FuelCell Energy announced the start of operations of a 2.8-megawatt fuel cell project in Tulare, California. This is one of the company's biggest projects, and it is supposed to be more efficient than previous plants. But while the operational milestone is great, it might not be what's driving the stock higher.
Image source: FuelCell Energy.
Source Fool.com
