FuelCell Energy Inc (NASDAQ: FCEL) is running for the top in the market this morning, but with no SEC filings or press releases, investors are wondering why. All in all, the gains have to do with the climate change that’s likely coming in the energy industry. Here’s what’s going on:
FCEL Stock To Benefit Greatly From Coming Change Of Tides In Energy
Throughout history, the energy source among humans was the burning of carbon-based fuels. Today, fossil fuels are our poison of choice. Unfortunately, we’re starting to realize that burning fossil fuels isn’t a good idea. Doing so releases incredible amounts of greenhouse gasses into the environment, and the world is warming up as a result.
FuelCell Energy is one of the many companies that are working to develop a solution to this environmental issue. With its fuel cell technology, the company is able to generate electricity while capturing carbon, a win/win.
So, what’s the big deal? FCEL has been working on the same thing since inception, clean energy. Why is it that investors are so excited right now?
The United States presidential election was one only fit for 2020. Vote counts took forever, consumers were on edge, and nobody knew what was going to happen. However, recently, it was announced that Joe Biden will be the next President of the United States.
That’s a huge win for FCEL and others in the clean energy industry.
Biden’s opponent, and current President of the United States, has not been the clean energy industry’s best friend. However, throughout his campaign, and for years before his bid to take the White House, Joe Biden has talked about the changing environment and how it is up to governments around the world to take action to ensure a safe and healthy future.
With Joe Biden taking control of the White House, we can expect to see various perks given to the companies that develop clean energy resources, and the consumers that use them. For FuelCell Energy, that means that the potential for grants, tax cuts, and much more are all on the table. All of which would be great news for FCEL and its investors.
FCEL Is A Key Player In A Technology That Could Change The World
FuelCell isn’t just a company with an idea, it’s becoming a cornerstone in the fuel cell and carbon capture space. In fact, the company is part of a think tank put together by ExxonMobil with the goal of advancing fuel cell and carbon capture technologies to make them more efficient.
As a key player, FCEL is likely to benefit from the change in climate that the energy sector is likely to experience ahead, and I’m not just talking about power plants. Hydrogen power is also becoming a major topic of conversation in transportation. That’s right, the future’s vehicles could run on hydrogen technology, the same type of technology that FCEL has developed and is perfecting.
The fact of the matter is that there are several implications for this type of technology, and being that it is so new, we’ve likely only scratched the surface with regard to the potential opportunity it provides. All in all, FCEL stock is one to watch closely.
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