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Sector Update: Shares Mixed Pre-Market; FuelCell Drops 14% on Q2 Results

Top Energy Stocks

XOM: flat

CVX: -0.04%

COP: +0.15%

SLB: -0.02%

OXY: +0.01%

Energy shares traded generally mixed in pre-market trade Wednesday as crude oil futures were markedly higher.

Light, sweet crude oil for July delivery was up 0.7% at $103.40 per barrel. In other energy futures, heating oil was up 0.27% at $2.87 per gallon while natural gas was up 0.22% at $4.64 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) was up 0.43% at $37.80. The United States Natural Gas ETF ( UNG ) was up 0.79% at $25.65.

In other energy news, FuelCell Energy ( FCEL ) dropped 14% in recent pre-market trading on Wednesday after reporting last night net loss attributable to common shareholders of $16.6 million, or $0.07 per diluted share, for Q2 ended April 30, 2014 versus last year's net loss of $8.2 million, or $0.04 per diluted share. The increase in net loss came after revenue decreased to $38.3 million from $42.4 million.

Excluding special items, net loss was $10.7 million, or $0.04 per diluted share versus $8.2 million, or $0.04 per diluted share, last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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