In the previous five days of trading, the fuel cell power plant manufacturer and operator FuelCell Energy (NASDAQ:FCEL) has not had a particularly great time in the markets. The stock has recorded declined over the course of the previous five trading sessions despite there being news that could be a big boost to FuelCell.
In this regard, it should be noted that the decline in the stock actually came about after it emerged that the United States Senate pushed through an infrastructure bill with a budget of more than $1 trillion. In this bill, there are provisions of billions of dollars in the field of fuel cell technologies and it goes without saying that it is a positive for the company.
However, at the same time, it is also necessary to keep in mind that there is some way to go before it turns into law. Investors need to note that in the days ahead of the passage of the bill, there had been considerable excitement about the FuelCell stock and it had rallied strongly amidst heavy action. Once the bill was passed, it declined as many of the investors rushed to book their profits. It remains to be seen if he stock can now make a recovery.