FuelCell Energy (FCEL) closed at $3.44 in the latest trading session, marking a move of -0.58% from the previous day. This change lagged the S&P 500’s 1.36% gain on the day. Meanwhile, the Dow gained 1.18% and the Nasdaq, a tech-heavy index, added 0.09%.
Coming to today, shares of the fuel cell power plant maker have gained 17.29% over the past month. Over the same period, the Oils-Energy sector gained 3.57%, while the S&P 500 gained 5.44%.
FuelCell Energy will look to show strength as it approaches its next earnings release. In that report, analysts expect FuelCell Energy to post earnings of -$0.07 per share. That would not mark any growth from the year-ago period. Meanwhile, our latest consensus estimate projects revenue of $43.41 million, up 211.43% from the prior year quarter.
Any recent changes to analyst estimates for FuelCell Energy should also be noticed by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. From this point of view, the positive revisions of the estimates can be considered a sign of optimism on the company’s business prospects.
Research indicates that these revisions to estimates are directly correlated with short-term stock price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimation changes and provides a simple and actionable evaluation system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). He has a remarkable track record of successes, with titles no. 1 offering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate fell 7.46%. FuelCell Energy currently has a Zacks grade #1. 3 (hold).
The Alternative Energy – Other sector is part of the Oil-Energy sector. This group has a Zacks Industry Rank of 175, placing them in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of individual companies within each of these industries. Our research shows that the top 50% of industries outnumber the bottom half by a factor of 2 to 1.
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FuelCell Energy, Inc. (FCEL): Complimentary Inventory Analysis Report
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