Why FuelCell Shares Are Falling

Shares of several companies in the broader industrial sector, including FuelCell Energy Inc FCEL, are trading lower as investors react to minutes from the Fed's FOMC meeting. Minutes showed most Fed members viewed conditions for rate hikes as potentially being met relatively soon.

The 10-year Treasury yield hit an intraday high of 1.712% early Wednesday afternoon before dipping to around the 1.702% level. Overall market volatility is persistent again during Wednesday's session as investors continue to weigh omicron concerns.

FuelCell Energy Inc is a fuel-cell power company. FuelCell designs, manufactures, sells, installs, operates and services fuel cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions.

FuelCell has a 52-week high of $29.44 and a 52-week low of $4.83.

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