FCEL Stock Alert: FuelCell Energy Pops on Korean Market Update

  • FuelCell Energy (FCEL) stock is climbing today on an update.
  • The company emphasized that its Korean market initiatives are faring well.
  • FuelCell recently held an event highlighting this progress.
FCEL Stock - FCEL Stock Alert: FuelCell Energy Pops on Korean Market Update

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FuelCell Energy (NASDAQ:FCEL) stock is getting a boost on Thursday after the company provided investors with an update on its business in the Korean market.

FuelCell Energy says that its expansion into the Korean market is going well. That includes positive reception to its presentation and Accelerating Korea’s Energy Transition with Advanced Fuel Cell Solutions event on June 28.

FuelCell Energy President and CEO Jason Few said the following about the event:

“We were extremely pleased with the interest and reception from our energy industry counterparts in Korea and look forward to growing our market there following 20 years of supplying carbonate fuel cells to our generation, commercial and industrial company partners in the Asia region.”

FCEL Stock Reaction on Thursday

The positive results from this event are inspiring investors to load up on shares of FCEL stock today. With that comes heavy trading of its shares. This has more than 49.6 million units changing hands as of this writing. That’s just above its daily average trading volume of about 48.3 million shares.

FCEL stock is up 6.4% as of Thursday afternoon. Even so, FuelCell Energy shares have fallen 58.6% since the start of the year.

Investors seeking out even more of the most recent stock market stories are in luck!

We have all of the hottest stock market news ready to go on Thursday! Among that is what’s happening with shares of Joby Aviation (NYSE:JOBY), Kazia Therapeutics (NASDAQ:KZIA) and MicroStrategy (NASDAQ:MSTR) stock. You can catch up on all of these matters by checking out the links below!

More Stock Market News for Thursday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.


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