Today’s Research Reports on Trending Tickers: FuelCell Energy and Plug Power
NEW YORK, NY / ACCESSWIRE / December 1, 2017 / Growing optimism of a tax overhaul helped lift U.S. markets to new highs on Thursday. The Dow Jones Industrial Average spiked 1.39 percent to close at 24,272.35, closing above the 24,000 plateau for the first time in history, while the S&P 500 Index jumped 0.82 percent to close at 2,647.58. The Nasdaq Composite Index rallied 0.73 percent to close at 6,873.97. The Dow posted a monthly gain of 3.8 percent in November for its 8th consecutive monthly gain, its longest streak since 1995, according to FactSet. The S&P 500 rose 2.8 percent in November, while the Nasdaq increased 2.2 percent.
"What had lifted the market in the first part of the year was an ever-improving economy and profitability. It wasn't about the prospect for tax reform. What you're seeing now, however, is the next leg where tax reform starts to get baked in. If you bake in what tax reform means, the market doesn't look pricey," said Alicia Levine, investment strategist at BNY Mellon Investment Management, according to MarketWatch.
RDI Initiates Coverage on:
FuelCell Energy, Inc.
https://rdinvesting.com/news/?ticker=FCEL
Plug Power, Inc.
https://rdinvesting.com/news/?ticker=PLUG
FuelCell Energy, Inc.'s stock moved 4.91% higher Thursday, to close the day at $1.71. The stock recorded a trading volume of 6,272,692 shares, which was above its three months average volume of 2,026,281 shares. In the last year, FuelCell Energy, Inc.'s shares have traded in a range of 0.80 - 2.49. The share price has gained 113.75% from its 52-week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $1.97 is greater than its 200-day moving average of $1.55.Shares of FuelCell Energy have fallen roughly 21.92 percent in the past month and are down 2.29 percent year-to-date.
Access RDI's FuelCell Energy, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FCEL
On Thursday, shares in Plug Power, Inc. recorded a trading volume of 3,301,579 shares, which was below the three months average volume of 5,762,625 shares. The stock ended the day 3.49% higher at 2.37. The share price has gained 185.54% from its 52-week low with a 52-week trading range of 0.83 - 3.21.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $2.61 is greater than its 200-day moving average of $2.31. Shares of Plug Power have fallen roughly 16.84 percent in the past month and are up 97.56 percent year-to-date.
Access RDI's Plug Power, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PLUG
Our Actionable Research on FuelCell Energy, Inc. (NASDAQ:FCEL) and Plug Power, Inc. (NASDAQ:PLUG) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
