Why Is FuelCell Energy Stock Slumping On Monday?

Fidelity
2026.05.18 16:26
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FuelCell Energy Inc (NASDAQ:FCEL) shares dropped approximately 20% on Monday, reversing recent gains after hitting a 52-week high. The decline is attributed to profit-taking by retail traders following a 100% increase in the past month. Market enthusiasm for the clean energy sector is also cooling after a significant power deal involving Bloom Energy Corp. Despite the pullback, FCEL remains in a long-term uptrend, trading well above key moving averages.