Benzinga | Nov 1, 2021 11:22AM EDT

Why FuelCell Shares Are Rising

Shares of several companies in the clean energy space, including FuelCell Energy Inc (NASDAQ:FCEL) are trading higher as investors weigh US President Biden's speech at the COP26 climate summit, in which he addressed climate change goals. Strength could also be attributed to US infrastructure optimism, Tesla Inc (NASDAQ:TSLA) hitting a new high and delivery numbers from NIO (NYSE:NIO), Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI).

Shares of several companies in the clean energy space were also trading higher last Thursday. US President Biden Thursday discussed his framework, which includes a national network of 500,000 electric vehicle charging stations.

FuelCell Energy 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 Energy has a 52-week high of $29.44 and a 52-week low of $1.98.