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

Zacks Equity Research

FuelCell Energy (FCEL) closed the most recent trading day at $0.69, making no change from the previous trading session. This change was narrower than the S&P 500's 0.04% loss on the day. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.05%.

Heading into today, shares of the fuel cell power plant maker had lost 5.48% over the past month, lagging the Oils-Energy sector's gain of 1.63% and the S&P 500's gain of 2.48% in that time.

FCEL will be looking to display strength as it nears its next earnings release. In that report, analysts expect FCEL to post earnings of -$0.09 per share. This would mark year-over-year growth of 96.05%. Our most recent consensus estimate is calling for quarterly revenue of $8.90 million, down 50.22% from the year-ago period.

It is also important to note the recent changes to analyst estimates for FCEL. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. FCEL is currently sporting a Zacks Rank of #2 (Buy).

The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 89, putting it in the top 35% 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 the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow FCEL in the coming trading sessions, be sure to utilize Zacks.com.


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