Shares of FuelCell Energy Inc. (NASDAQ:FCEL) are trading higher Friday morning, attempting a modest rebound following recent selloffs as investors evaluate long-term AI data center power demand against near-term gross margin pressure.
FuelCell Energy stock is showing upward movement. Why are FCEL shares climbing?
Macro Rate Fears Weigh on Clean Energy Equities
The uptick comes despite a challenging macroeconomic backdrop for high-growth tech and clean energy equities. August’s hotter-than-expected U.S. payrolls report increased expectations that the Federal Reserve could raise interest rates at its next meeting.
A stronger U.S. dollar and elevated global borrowing costs continue to reduce investor appetite for capital-intensive growth companies, adding friction to clean energy project financing.
