FuelCell Energy FCEL Stock News

FuelCell Energy Inc (NASDAQ: FCEL) is making a run for the top in the market today, trading on gains of more than 23%. Consumers are wondering why the stock is pushing up, considering that there has been no recent news. So, what’s the deal? Here’s what’s happening:

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Here’s Why FCEL Stock Is Up

At first glance, you may be wondering why investors are so excited about FuelCell Energy today. After all, the company hasn’t issued any news for two and a half weeks. So, what’s the deal?

It seems to have quite a bit to do with the decarbonizing of our world. Today, stories are breaking on several mainstream news outlets surrounding the harmful effects that carbon dioxide flowing into our atmosphere is having on the global climate.

As such, the world has been looking for renewable options. Experts suggest that this push toward renewable options is going to greatly expand in the year 2020, which is great news for FCEL and others in the space.

For those of you who haven’t followed the company, FCEL designs, manufactures, sells, installs, operates and services stationary fuell cell power plants for distributed power generation. The company has its roots firmly planted in the renewable energy space, and has seen compelling growth as of late.

In fact, Zacks expects that the earnings growth rate for the current quarter will come in at 96.1%, beating out the Alternative Energy sector as a whole, which is expected to grow at 95.9%.

The most recent gains seen in the space come after the United Nations’ General Secretary Antonio Guterres made a statement at the Climate Change Conference COP25. In his statement, the General Secretary highlighted that if the world continues at this rate, the global climate will reach a point of no return by the end of the coming decade.

Of course, if he is right, this could have horrible health and safety implications for humans and other inhabitants of Earth. In his speach, Guterres outlined that there is a path to a brighter future through sustainable options, outlining clean alternatives like those provided by FCEL as the path forward.

In order to limit global warming, the International Renewable Energy Agency suggests that the global infrastructure will need to include 7.7TW of operational renewable capacity by the year 030.

The good news is that through companies like FuelCell Energy and others in the space, there is technology that gives us the opportunity to drive our carbon footprint down. Moreover, as investors know, a continued regulatory push to clean energy creates opportunities for companies like FCEL and opportunities for those that invest in them.

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