FuelCell Energy's stock plummeted 9.14% intraday on Friday, as the clean energy sector faced broad selling pressure.
According to market analysis, the sharp decline follows a period of rapid gains for the hydrogen energy stock, which had surged to its 52-week high in recent trading sessions. The significant accumulation of profits led to intensified profit-taking activity, driving the ongoing correction.
The broader clean energy sector, particularly hydrogen-related names, is experiencing capital outflows, contributing to the downward pressure on FuelCell Energy's stock price.
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