Why Shares of FuelCell Energy Plunged 33% in April
While frosty temperatures nipped at their noses, hydrogen-minded investors warmed up to FuelCell Energy (NASDAQ: FCEL) last winter. The stock climbed 86% in January and hit a 52-week high in mid-February. Since then, however, fuel cell-focused investors have turned a cold shoulder to the stock. It ended up sinking 18% in February and then another 15% in March. The slide, moreover, continued in April as shares of FuelCell Energy plummeted 33%, according to data provided by S&P Global Market Intelligence.
Still wrestling with the uninspiring Q1 2021 earnings report that the company released in March, investors also decided to leave their positions as Wall Street turned bearish on the stock.
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Source Fool.com
