It has been another good week for FuelCell Energy (FCEL), with shares up nearly 21%. Over the past year such advances have been commonplace, as the stock has been a prime beneficiary of the market’s appetite for hydrogen-focused stocks. Further bolstering the bull-case, President Biden recently outlined his climate agenda, and, unsurprisingly, renewables and clean energy are high up on the new administration’s list of priorities. One of Biden’s first acts as president was rejoin to the Paris Climate Agreement. The plan was announced on the same day FuelCell reported 4Q20 earnings. Investors appeared to shrug off the less-than-stellar results and nudged shares higher due to the positive macro developments.
https://www.tipranks.com/news/article/fuelcell-long-term-potential-overshadowed-by-lofty-valuation