5 Best Stocks For Day Trading

3. FuelCell Energy, Inc. (NASDAQ:FCEL)

Number of Hedge Fund Holders: 14    

52-Week Range: $2.01-$29.44

FuelCell Energy, Inc. (NASDAQ:FCEL) makes and sells fuel cell power solutions. Since the company operates in the clean energy business, the stock has rallied since US lawmakers approved a new $3.5 trillion spending plan of US President Biden that increases tax breaks for clean energy firms and incentivizes adoption of their products. However, the final approval for the plan is facing hurdles in the Senate where there has been increased debate about the incentives being offered to businesses to switch to clean energy. 

As a result, clean energy stocks like FuelCell Energy, Inc. (NASDAQ:FCEL) have pulled back in recent weeks. B Riley recently lowered the price target on the stock to $8 from $10 and reiterated a Neutral rating. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in FuelCell Energy, Inc. (NASDAQ:FCEL) with 5.8 million shares worth more than $52 million.