FuelCell Energy (FCEL) Stock Sinks As Market Gains: What You Should Know

FuelCell Energy (FCEL) closed the most recent trading day at $8.92, moving -0.22% from the previous trading session. This move lagged the S&P 500’s daily gain of 1.32%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq lost 0.15%.

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Prior to today’s trading, shares of the fuel cell power plant maker had gained 11.89% over the past month. This has outpaced the Oils-Energy sector’s loss of 6.8% and the S&P 500’s gain of 3.61% in that time.

Investors will be hoping for strength from FuelCell Energy as it approaches its next earnings release. The company is expected to report EPS of -$0.02, up 75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $20.34 million, up 19.66% from the year-ago period.

It is also important to note the recent changes to analyst estimates for FuelCell Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. FuelCell Energy currently has a Zacks Rank of #3 (Hold).

The Alternative Energy – Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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FuelCell Energy, Inc. (FCEL): Free Stock Analysis Report

 

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