Why FuelCell Energy’s Shares Jumped 24.9% on Wednesday

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Shares of FuelCell Energy (NASDAQ: FCEL) jumped as much as 29.5% in trading Wednesday as investors continued to pile into renewable energy stocks. Shares closed the day up 24.9%. 

Renewable energy stocks are hot once again today as investors buy stocks they think could benefit from the latest stimulus bill. The planned extension of an investment tax credit for renewable energy projects should benefit fuel cell developers as well, meaning they get a two-year extension of a 26% tax credit. 

Image source: Getty Images.

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