Why FuelCell Energy Stock Is Tumbling on Wednesday
The unprofitable company made a not-entirely surprising announcement Tuesday evening.
Overview
It's a tough day for FuelCell Energy (NASDAQ: FCEL) shareholders. As of 1:50 p.m. ET the stock's down 10.5%, extending a sell-off that's been underway since the beginning of the month.
It's not difficult to identify the prompt for today's tumble either. That is, the company's raising money by issuing new stock, diluting existing shareholders' stakes.
Details
Then there's the other thing.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.