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Options Corner: FuelCell Energy Could Attract Short-Squeeze Speculation

Benzinga ·  06:02

It's no secret that clean energy technology specialistFuelCell Energy Inc(NASDAQ:FCEL) has thoroughly struggled this year, with FCEL stock hemorrhaging about 77% of market value since the beginning of January. On paper, the underlying company's business of developing and delivering fuel cell systems — which convert hydrogen into electricity — is highly relevant. Unfortunately, declining revenue from prior years contributed to investor sentiment erosion.

In mid-November, management announced a global restructuring effort to reduce costs and focus on core technologies, part of an overall response to slower-than-expected clean energy investments. Within the plan, FuelCell stated that...

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