Why FuelCell Energy Stock Popped 13% on Monday
FuelCell Energy(FCEL) The Motley Fool·2024-06-10 23:50
It's only thanks to the magic of stock dilution that FuelCell's losses seemed to decline.FuelCell Energy (FCEL 17.36%) stock roared ahead 13% through 10:35 a.m. ET Monday after the renewable energy company beat analyst forecasts for the second quarter of 2024.Heading into the quarter, Wall Street expected FuelCell to lose $0.08 per share on $21.4 million in sales. FuelCell did lose money, but only $0.07 per share. Its sales of $22.4 million likewise exceeded expectations. FuelCell's Q2 earningsDespite inves ...