|Bid||2.3900 x 42300|
|Ask||2.4000 x 38500|
|Day's Range||2.2700 - 2.4200|
|52 Week Range||0.1300 - 11.2800|
|Beta (5Y Monthly)||2.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 21, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.75|
If for nothing else than its dramatic valuation swing, FuelCell Energy (NASDAQ:FCEL) has suddenly become a hot commodity. Since the beginning of November, FCEL stock has jumped almost 700%, easily putting a smile on long embattled shareholders' faces. But does this alternative energy company have the goods to sustain its resurgence into 2020?Source: Shutterstock Typically, penny stocks - or investments damn close to being regarded as such - are speculative, high-risk gambles. Despite this obvious warning, FCEL stock carries an intriguing narrative. Unlike the fly-by-night nature of this category of the markets, FuelCell Energy features real science bolstering its products and services. Not only that, strong demand exists for clean, alternative energy.As people become more environmentally "woke," they're eager to explore technology-based solutions. Here, FuelCell offers distinct advantages. For example, fuel cells are more efficient than traditional fossil-fuel based energy sources. Additionally, they're better suited for urban use due to their quiet operation and cleaner emissions. With hydrogen-based fuel cells, the only emission is water.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMost relevant to current events is the fuel cell industry's ability to drive energy independence. De-levering society's addiction to petroleum-based products may help mitigate serious conflicts in the Middle East. And as Canadian Prime Minister Justin Trudeau would argue, such mitigation could save lives. * 7 Inflation-Beating REITs to Ground Your Income Portfolio Better yet for FCEL stock, the advantages aren't just limited to theory. Working on several domestic and international projects, FuelCell has demonstrated the viability of alternative energy solutions, particularly for space-constrained locales.Thus, the subterranean price point for FCEL stock could be an advantage. All it takes is for some good news to catalyze dramatic gains in the share price. But before you dive in, here are counterpoints to consider. FCEL Stock Is Interesting, but Is Still a GambleFirst, no matter how captivating the narrative is for FuelCell Energy, it's still a penny stock. Granted, it's a highly functional one with the potential for bigger and better things. But if you lose sight of the risks, FCEL can bite you in a hurry.In fact, at time of writing, FCEL stock dipped nearly 8%, seemingly on no real news. When shares are traded at such low levels, unexplained variability - the "just because" factor - is always lurking around the corner.Second, alternative energy science is all about compromises. For example, electric vehicles are much more efficient than their gasoline-powered counterparts. However, EVs take a comparatively inordinate amount of time to "refuel."Regarding fuel cells, the underlying technology has improved dramatically over the years. And while they show potential, they still impose economic costs that make implementing them at scale a steep challenge.On a related note, fuel cells require expensive catalysts, namely platinum. In prior years, alternative energy manufacturers could side-step this cost challenge by substituting platinum for palladium. Today, that won't fly because palladium's spot price is over $2,100.Ironically, geopolitical tensions with Russia, the world's biggest supplier of palladium, may have contributed to its sky-high price. Thus, alternative fuel cells don't actually promote energy independence; instead, they merely shift dependence from one region of the world to another.Plus, platinum itself might skyrocket due to global rivalries and emerging markets flexing their muscles. And if the economic case for fuel cells decline, I can't imagine FCEL stock faring well in the long run.Finally, we should look at the price history of FuelCell. At one point, shares traded in high four-digit territory. Usually, there's a reason why a stock loses 99.9% of its value. Fuel Only for a GamblerI can appreciate why many folks would take a long look at FCEL stock. With its low price point, the temptation is that the equity can't go much lower. Additionally, the underlying company has a viable business in a relevant industry.While that's certainly true, the alternative energy market has failed to convince in the economic realm; otherwise, logic dictates that more institutions would adopt fuel cells for their otherwise myriad advantages.Most importantly, it's irresponsible to recommend a company like FuelCell. On an annual basis, revenue has consistently declined. Net income is awash in red ink, as is unsurprisingly free cash flow. Debt is very high relative to its cash position. And the Altman Z-Score indicates that the company is extremely distressed (again, no surprise there).As a whole, FCEL represents a low-confidence gamble that might produce a wild gain in 2020 "just because." Undoubtedly, that will bring some speculators to the door. Everyone else, though, should stay far away.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Inflation-Beating REITs to Ground Your Income Portfolio * 7 Healthcare Stocks to Buy or Sell As Pricing Pressures Mount * 7 Earnings Reports to Watch This Week The post Roll the Dice on FCEL Stock If You Have Money to Lose appeared first on InvestorPlace.
FuelCell Energy, Inc. (FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions, is releasing details on the successful performance of its SureSource™ fuel cells in providing microgrid solutions. Microgrids have become a priority in the Northeast US and in California following extended power outages due to weather events and most recently with wildfire threats in California. California utility regulators recently mandated Public Service Power Shutoffs (“PSPS”) in an effort to avert wildfires being sparked by transmission lines and/or transmission distribution equipment.
FuelCell Energy, Inc. (NASDAQ: FCEL ) shares were trading lower on Monday after the company announced it has regained Nasdaq listing compliance. The company also delayed its earnings call. The company ...
FuelCell Energy, Inc. (FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions for the supply, recovery and storage of energy, is pleased to announce that, on January 13, 2020, the Company received a letter from the Nasdaq Stock Market stating that the Company has regained compliance with the Nasdaq minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1). As announced earlier, FuelCell Energy planned to hold an investor call on January 14, 2020 to discuss its fiscal 2019 financial results and to outline the strategic pillars of its go-forward strategy. As such, the Company is announcing its intent to move its earnings call to January 22, 2020 to release its Form 10-K simultaneously with the presentation of the Company’s go-forward strategy.
FuelCell Energy (FCEL) is set to report fiscal Q4 results. Earnings are likely to have gained from restructuring strategies & investment from other firms to continue fuel cell technology expansion.
Shares of Plug Power Inc. soar, after the hydrogen and fuel cell technology company announces a contract win valued at $172 million over two years from a large, unnamed company.
FuelCell Energy, Inc. (FCEL), a global leader in delivering clean, innovative and affordable fuel cell solutions, is providing an update on the development and successful launch of production stack modules with extended life. As previously reported, the company transitioned production from its five-year stack design to its seven-year stack design in the fourth quarter of fiscal year 2018. The effort was also partially supported by the US Department of Energy through the Smart Matrix program (Contract Number: DE-EE0006606) funded by the office of Energy Efficiency and Renewable Energy.
Investor enthusiasm for FuelCell Energy Inc. has continued into the new year, as the fuel cell maker's stock shot up 8.4% in active premarket trading Thursday. Trading volume was already 1.2 million shares. The stock had more than tripled (up 206%) over the past four sessions, to close Tuesday at the highest level since May 7, 2019. The rocket ride was launched last week after the company said its waste water treatment facility in Tulare, Calif. started commercial operations, and had entered into a 20-year power purchase agreement with Edison International subsidiary Southern California Edison. The stock has now shot up nearly 8-fold (up 693%) over the past three months, but was still down 63% over the past 12 months. The S&P 500 has gained 12% the past three months and rallied 29% the past year.
The Danbury, Conn., company launched project at wastewater-treatment plant to convert biogas into electricity.
Shares of FuelCell Energy Inc. powered up 32% in active premarket trading Tuesday, which would put them on track to nearly triple in four days, after the fuel cell maker announced that its waste water treatment facility in Tulare, Calif. had started commercial operations. Trading volume swelled to 6.4 million shares just before the open, compared with the full-day average of about 23.2 million shares. The company had said in its announcement late last week that it had entered into a 20-year power purchase agreement with Southern California Edison, which is a subsidiary of Edison International , to purchase renewable and carbon neutral power for supply to the California grid. The stock had more than doubled over the previous three sessions, rising from from the Dec. 26 closing price of 82 cents to $1.68 on Monday. The stock has rocketed more than 5-fold (up 413%) over the past three months but had still dropped 74.6% year to date through Monday, while the S&P 500 has gained 28.5% this year. The stock had started a big rally in early November after FuelCell announced it was expanding a partnership with Exxon Mobil Corp. to develop carbon capturing technology.
This milestone is the culmination of fifty years of innovation optimizing the application of SureSource power plants for power generation with on-site renewable fuels. Using biogas began with the company’s very first commercial power plant shipment in 2003.
FuelCell Energy Power Plant Drives a Cleaner Energy Profile for San Joaquin Valley, Globally One of the Most Productive Agricultural Regions 100% Renewable power contributes to.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Construction on the Fuel Cell Micro-Grid Project for the Connecticut Municipal Electric Energy Cooperative (CMEEC) on the U.S. Naval Submarine Base in Groton is on.
Covanta's (CVA) concession agreement with Zhao County will enable it to build and operate EfW project with 1,200 tonnes per day waste processing capacity.
While HollyFrontier (HFC) shares have run up considerably in the past six months, there is still time to add the stock to your portfolio as it looks promising and is poised to carry the momentum ahead.
Murphy USA (MUSA) rides on its encouraging earnings surprise track with three estimate beats in the preceding four quarters, the average positive surprise being 29.9%.
Today, FuelCell Energy, Inc. (FCEL), a global leader in delivering clean, innovative and affordable energy solutions, announced it has completed the initial $80 million draw, of a $200 million facility from Orion Energy Partners. The draw will primarily support execution of certain projects within the Company’s $2 billion project backlog. Specifically, this corporate and construction finance facility with Orion Energy will be deployed towards current construction and engineering costs associated with inflight projects, including the CMEEC U.S. Navy Base fuel cell plant and final construction costs associated with the Tulare BioMAT project, which will be commercially operable in mid-December.