BlackRock Cut Its Stake in FuelCell Energy (FCEL) Stock

As FuelCell (NASDAQ:FCEL) has battled difficult market forces and short squeeze speculation, a major institutional investor has been trimming its stake. BlackRock (NYSE:BLK) has reported via a regulatory filing dated Jan. 26, 2024, that it ended 2023 with 35,027,576 shares after previously reporting 41,616,185 shares at the end of the third quarter of 2023. The financial services giant’s current stake is just under 8%. While FCEL stock is up today amid high volatility, it has decreased considerably over the ...