Why FuelCell Energy Stock Jumped 9% Today

FuelCell Energy (NASDAQ: FCEL) stock popped 9.3% through 11:10 a.m. ET Tuesday on some curious news -- news that at first glance didn't seem to have much to do with FuelCell. Over in Turkey, bus manufacturer Karsan announced plans to launch a hydrogen fuel cell bus powered by (NYSE: TM) fuel cell modules in 2025.

As H2 View reported this morning, the new bus will boast a driving range of 500 kilometers.

That's good news for Toyota, I guess. And tangentially, I suppose it's good news for FuelCell Energy as well -- on the theory that Toyota's increasing interest in hydrogen as a fuel source for vehicles helps to legitimize the fuel cell industry as a whole. But is there anything more to this story?

Source Fool.com