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However, it is uncertain if the infrastructure bill-related funding will directly benefit FCEL. The stock has lost 16.4% in price over the past month and 28.7% year-to-date.
Also, the company had entered an open market sale agreement in June 2021, pursuant to which it may, from time to time, offer and sell shares. This could lead to share dilution. In addition, FCEL reported losses in the last reported quarter. So, the stock’s near-term prospects look bleak.
