FuelCell Energy (FCEL, Financial) saw its stock price surge over 28%, reaching $8.91. The increase followed the company's announcement of a global restructuring plan. This strategy includes a 17% reduction in its workforce.
The company's goal is to cut operating costs by 15% and reallocate resources towards core technologies. This move is also aimed at preserving its competitive position, especially as investments in clean energy have fallen short of expectations.
