Well, that was certainly disappointing.
After scoring big gains in each of the five trading sessions leading up to earnings day, FuelCell Energy (NASDAQ: FCEL) stock finally met its comeuppance on Wednesday, falling as much as 29.9%. Earnings for the fuel-cell pioneer's fiscal fourth quarter only missed expectations by a penny.
Still, that earnings miss, combined with an absolute decline in revenue of 38% and a net loss for the quarter, were enough to derail the stock's rally, sending FuelCell stock down 22.9% by the close of trading -- and subtracting a further 22.5% in market cap this morning, as of 10:50 a.m. EST.