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FuelCell Energy Inc (NASDAQ:FCEL) shares are trading lower Thursday. The dip follows a period of extreme volatility and massive gains for the hydrogen fuel cell sector.
Investors Pivot to Profit-Taking
The primary driver behind Thursday’s decline appears to be aggressive profit-taking. FuelCell Energy stock hit a new 52-week high of $20.27 on Wednesday.
This peak capped a four-day surge where the stock climbed over 50%. Traders are now securing gains after the rapid price appreciation.
AI Data Center Euphoria Cools
Market optimism recently shifted into high gear following a landmark deal between Bloom Energy Corp (NYSE:BE) and Oracle Corp (NYSE:ORCL) last month.
Sector …
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