Simply Wall St.7d agobearish
FuelCell Energy (FCEL) Faces Lawsuits Over Fit Energy Costs, Is It Still Below Fair Value?FuelCell Energy (FCEL) is back under the microscope after multiple law firms launched securities class action lawsuits tied to its contract with Fit Energy USA LP and recent production cost disclosures. Despite the legal overhang, FuelCell Energy shares have been volatile rather than quiet, with a 1-day share price return of 14.26% and a 7-day gain of 13.60%, taking the stock to US$17.71 after the post-earnings drop tied to the Fit Energy disclosures. That short burst of momentum contrasts...