Why FuelCell Energy Stock Popped 13% on Monday
FuelCell Energy (NASDAQ: FCEL) 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.
Despite investors' positive reaction, however, FuelCell's news today was not good.
Source Fool.com
