Here's Why FuelCell Shares Are Surging

FuelCell Energy Inc FCEL shares are trading higher by 8.29% to $4.31 Wednesday morning. Clean energy stocks at large may be gaining following the recent signing of the Inflation Reduction Act, which includes funding to address climate change and promote clean energy.

What Else?

The White House Office of Management and Budget (OMB) on Tuesday released its first published analysis of avoided climate-related social costs resulting from a piece of legislation.

The legislation analyzed was President Joe Biden’s $740 billion Inflation Reduction Act. The study found climate change will affect the U.S government ledger through the end of the century (2100) with long-range budget estimates showing that Federal revenues could be 7.1% lower annually, which translated to a nearly $2 trillion dollar loss... Read More

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According to data from Benzinga Pro, FuelCell has a 52-week high of $11.63 and a 52-week low of $2.87.