FuelCell Energy Skyrockets Higher After Exxon Mobil Orders Equipment: What To Watch - $FCEL
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FuelCell Energy, (FCEL) was skyrocketing up over 18% higher at one point on Monday, confirming a new uptrend after the long-term downtrend in which stock has been trading since Feb. 3.
The massive surge came after FuelCell announced that it received an order from Exxon Mobil for equipment and modular support to demonstrate its carbon capture capabilities at an Exxon facility.
Although Exxon hasn’t yet made the decision to invest in FuelCell’s technology, Jason Few, president and CEO of FuelCell Energy, said the full-scale prototype will prove that its “carbon capture solution is the only solution that can capture carbon while producing electricity and hydrogen at the same time.
The massive surge came after FuelCell announced that it received an order from Exxon Mobil for equipment and modular support to demonstrate its carbon capture capabilities at an Exxon facility.
Although Exxon hasn’t yet made the decision to invest in FuelCell’s technology, Jason Few, president and CEO of FuelCell Energy, said the full-scale prototype will prove that its “carbon capture solution is the only solution that can capture carbon while producing electricity and hydrogen at the same time.