FuelCell Energy's stock plummeted 9.53% during intraday trading on Wednesday, marking a sharp reversal for the hydrogen energy company.
The decline is attributed to concentrated profit-taking pressure, as the stock had experienced a significant rally in prior sessions—including gains of over 8% in the previous day—which pushed its price into the 52-week high zone. The broader Electrical Components & Equipment sector also showed signs of weakness, contributing to the downward move.
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