|Bid||13.20 x 4000|
|Ask||13.40 x 1100|
|Day's Range||11.07 - 14.39|
|52 Week Range||1.00 - 29.44|
|Beta (5Y Monthly)||5.29|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of eponymous fuel cell company FuelCell Energy (NASDAQ: FCEL) dropped 9.6% in 12:30 p.m. EST trading Friday, en route to the stock's fourth straight day of declines this week. You can thank JPMorgan for this decline, though. Citing a 22% decline in its JPMorgan Renewables Index over the past month, the investment megabanker pointed out today that the entire alternative energy market seems to be in correction territory right now.
Shares of all the major fuel cell stocks plummeted in early-morning trading Thursday, with Plug Power (NASDAQ: PLUG) and FuelCell Energy (NASDAQ: FCEL), for example, both falling roughly 13% before recovering and Bloom Energy (NYSE: BE) dropping 5.4%. Yes, Plug stock is still down 4.7%, and FuelCell is off by 5.5% -- but Bloom Energy, at least, is back in the green -- and up 1.5%. It's no great mystery why fuel cells stocks stumbled this morning -- or why Bloom is recovering faster than most, either.
Saudi Aramco's CEO sees major potential for hydrogen energy in transportation and power generation in the future.