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Wajeeh Khan

FCEL Stock Plummets as FuelCell's CFO Steps Down

FuelCell FCEL Michael Bishop Barchart Fuelcell Energy

FuelCell Energy (FCEL) stock slipped on Wednesday after the clean energy company said its long-time Chief Financial Officer (CFO) Michael Bishop has decided to step down. As investors responded to the leadership shakeup, FCEL tanked below its 50-day and 100-day moving averages (MAs), indicating downward momentum could sustain in the near term.

Despite today’s decline, however, FuelCell shares are trading at more than 2x their price at the start of this year.

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