Oil futures fell 0.44%, or 33 cents, to $75.49 on Monday, while Brent crude oil futures declined 0.38%, or 30 cents, to $79.11.
Lower oil prices typically hurt fuel cell stocks, as cheaper oil makes alternative energy sources less attractive. Despite this, FuelCell is pushing ahead with its plans and is seeking financing options for customers to stimulate growth, according to Investor's Business Daily.
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FuelCell, which has annual revenue of approximately $180 million, has already started to assist customers with financing, CEO Chip Bottone told the site.
"It's all about financing," Bottone said. "That's a big change that's happened in the last couple of years. Three years ago, you couldn't finance fuel cell projects."
Separately, TheStreet Ratings team rates FUELCELL ENERGY INC as a "sell" with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate FUELCELL ENERGY INC (FCEL) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow and deteriorating net income."