FuelCell Energy Soars 31.67% Despite $38M Loss: Market Mystery!

FuelCell Energy, Inc. rose 31.67% intraday, despite the company laying off 22% of its workforce and reporting a loss of $38 million in its fiscal second quarter. The loss of $1.79 per share did not meet Wall Street expectations, with analysts surveyed by Zacks Investment Research expecting a loss of $1.51 per share. However, the company's revenue of $37.4 million in the period beat Street forecasts of $34.1 million.