Why Shares of FuelCell Energy Plummeted 15% in March

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Skyrocketing 86% in January, shares of FuelCell Energy (NASDAQ: FCEL) have subsequently come down to earth over the past two months. In February, FuelCell Energy’s stock dropped 18%, and it slid even more, about 15%, in March, according to data provided by S&P Global Market Intelligence.

Besides the company’s disappointing first-quarter 2021 earnings report, a Wall Street analyst’s bearish take on the stock moved investors to pare their positions.

Image source: Getty Images.

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