Why These Energy Stocks are Losing This Week

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

Share Price Decline Between Dec. 23 – Dec. 30: 9.67%

FuelCell Energy, Inc. (NASDAQ:FCEL) is an American clean technology and manufacturing company providing large-scale, always-on, power solutions and emissions management.

FuelCell Energy, Inc. (NASDAQ:FCEL) surged on December 18 after it reported strong results for its Q4 2025, beating estimates in both earnings and revenue. The company increased its revenue by over 11% YoY to $55 million and grew its backlog to $1.19 billion, up from $1.16 billion at the end of the prior year. However, investor confidence was shaken after an SEC filing on December 22 revealed that FuelCell’s director, Betsy Bingham, sold 8,608 shares of the company’s stock at $8.52 per share, totaling $73,371.

FuelCell Energy, Inc. (NASDAQ:FCEL) also took a hit on December 30 when an SEC filing reported that the company amended its open market sales agreement to increase the amount of shares of its common stock it can sell, leading to more dilution for investors. Under the amended agreement, FuelCell may issue and sell $200 million in shares of its common stock, excluding any prior share sales.