FTEK - FuelCell Energy +67% in seven days after latest surge

FuelCell Energy ([[FCEL]] +24.9%) rallies for a seventh straight session, rising by two-thirds during that stretch, after the U.S. Congress included provisions in the pandemic relief bill to extend clean energy tax credits.The ~$900B COVID-19 relief bill now awaiting Pres. Trump's signature extends tax credits for solar and wind power projects as well as fuel cells; Trump wants Congress to increase the stimulus checks due to go out to most Americans to $2,000 from $600, but he did not criticize the tax credits.As part of the aid deal, Congress extended the 26% investment tax credit for fuel cells for two years, while existing law calls for the ITC to fall to 22% in 2021 and to 10% in 2022, Raymond James analyst Pavel Molchanov explains.Alternative energy stocks have been soaring to their highest levels in years, and are mostly higher in today's trade: [[FTEK]] +11.5%, [[WPRT]] +7.5%, [[BE]] +1.2%, [[PLUG]]

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FuelCell Energy +67% in seven days after latest surge