After a strong run for some energy stocks in the fall, the rally fell flat this week with many nuclear and renewable energy stocks dropping.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
The mean of analysts' price targets for FuelCell Energy (FCEL) points to a 176.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
FuelCell Energy's stock extend rocket-like bounce after restructuring plan announced that includes a 17% workforce reduction.
The heavy selling pressure might have exhausted for FuelCell Energy (FCEL) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
DANBURY, Conn., Nov. 07, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that a 1-for-30 reverse stock split of its issued and outstanding shares of common stock will become effective at 5:00 p.m., Eastern time, on November 8, 2024, and that trading of the Company's common stock on a post-split basis on The Nasdaq Global Market is expected to begin on November 11, 2024.
DANBURY, Conn., Nov. 01, 2024 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today announced that it has closed on a project debt financing transaction with the Export-Import Bank of the United States (EXIM) for the company's fuel cell projects with Gyeonggi Green Energy (GGE). This financing is part of EXIM's Project & Structured Finance program, which helps U.S. exporters compete globally in the natural resource and infrastructure sectors.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
Talen,TXNM and FuelCell have been highlighted in this Industry Outlook article.
The growing wind generation and electric vehicle market bodes well for the U.S. alternative energy stocks amid rising installation costs. You may buy TLN, TXNM and FCEL.
FuelCell Energy (FCEL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
FuelCell Energy reported less-than-stellar Q3/FY2024 results, with negative gross margins and cash usage at all-time highs. However, FuelCell Energy managed to replenish its cash balances by aggressively selling new shares into the open market. As a result, outstanding shares increased by more than 20% during Q3. On the conference call, management admitted to issues regarding its new solid oxide fuel cell technology, which will require further improvement before being suited for commercial deployments.