ZTO - FuelCell top industrial gainer amid global energy concerns Kanzhun picks #1 loser tag
The week ending March 11 saw energy solutions related stocks soar to the top five while Chinese companies formed the majority of the worst decliners. The SPDR S&P 500 Trust ETF (NYSEARCA:SPY) -2.80% was in the red for the second week in a row. YTD the ETF is -11.56%. The Industrial Select Sector SPDR (NYSEARCA:XLI) -2.44% was back in the red after seeing rare gains last week. YTD -7.44%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +19%. FuelCell Energy (NASDAQ:FCEL) +23.35%. Solar, alt energy and electric stocks, including FuelCell, gained early in the week as rising oil prices resulting from the Russia-Ukraine conflict and the U.S. ban on Russian oil and gas imports shifted attention to these sectors. FuelCell also reported its FQ1 results which was a mixed bag. The company saw a wider than expected FQ1 loss, even as revenues more than doubled to a stronger
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FuelCell top industrial gainer amid global energy concerns, Kanzhun picks #1 loser tag