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FuelCell Energy stock rallies after announcing order with Exxon Mobil for carbon capture technology, support

Clyde Edgerton by Clyde Edgerton
May 1, 2023
in Markets
FuelCell Energy stock rallies after announcing order with Exxon Mobil for carbon capture technology, support
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Shares of FuelCell Energy Inc. FCEL charged up 2.7% in premarket trading Monday, after the maker of fuel cell technology platforms said it received an order from Exxon Mobil Corp. XOM affiliate ESSO Nederland B.V. for equipment and support needed to implement a potential demonstration of carbon capture at an Exxon Mobil facility. The company said that while Exxon Mobil hasn’t made a final investment decision, the order advances equipment procurement and engineering work needed as it takes steps toward commercializing its carbon-capture technology. “FuelCell Energy continues to gain confidence in achieving large scale…

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