US Stock Market Move | Announcement of global restructuring plan, FuelCell Energy, Inc. (FCEL.US) rises more than 28%

On Friday, FuelCell Energy, Inc. (FCEL.US) saw its stock price rise, with the stock up over 28% to $8.91 at the time of writing. On the news front, the fuel cell technology company announced a global restructuring plan that includes a 17% reduction in staff. The company stated that the plan aims to reduce operating costs by 15% and realign resources to focus on its core technology and to protect the company's competitive position in light of lower-than-expected investments in Clean Energy Fuels Corp.