Why are fuel cell stocks down today?
· One of the main reasons for PLUG stock's current pullback is that the share price had advanced exponentially over the past year. After the Covid-19 crash of March 2020, Plug Power's stock rose ...
How much of FuelCell Energy's stock are insiders selling?
· FuelCell reported a top- and bottom-line miss this morning, which is never a good look. The company lost 7 cents a share, 3 cents a share more than expectations. Worse, revenue fell 18% year over ...
Is the price of hydrogen and fuel cell stocks too high?
· Why Fuel Cell Stocks Are Crashing Today. By Rich Smith - Mar 6, 2020 at 3:48PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services ...
How did FuelCell Energy’s short interest look during December?
· Their forecasts range from $5.00 to $6.00. On average, they expect FuelCell Energy's share price to reach $5.38 in the next twelve months. This suggests a possible upside of 52.7% from the stock's current price. View analysts' price targets for FuelCell Energy or view top-rated stocks among Wall Street analysts.
Why did fuel cell drop today?
FuelCell Energy ( FCEL 4.84% ) stock sank 40.1% December, according to data from S&P Global Market Intelligence. The company's share price slumped due to the spread of the omicron coronavirus variant, unfavorable macroeconomic developments, and disappointing quarterly results.
What is happening to fuel cell stock?
FuelCell stock rose 12% over a five-day trading period ending 10/21/2021, compared to the broader market (S&P500) which rose by 2.5%. A change of 12% or more over five trading days has a 13% event probability, which has occurred 324 times out of 2516 times in the last ten years.
Will FuelCell stock go back up?
FCEL is currently trading at an EV/NTM Revenue of 10.27x, lower than its 3Y mean of 17.1x. The company is also projected to report growth over the next two years, which we can observe from its EV/Fwd Revenue trend. As a result, it is evident that FCEL currently looks undervalued.
Is FCEL a good stock to buy now?
FCEL's expected +109.9% revenue growth for fiscal 2022 is driven by a one-off sale of modules, and its top line expansion is expected to moderate to +20.9% in FY 2023. FuelCell Energy stock is a Hold, considering both its valuations and business outlook.
Will FCEL stock go up tomorrow?
If this Munafa value is near or nearing 100, then this stock might show an upward movement....Munafa value: 50 as on 16 Mon May 2022.Upside target3.8Upside target3.56Upside target3.47Upside target3.46Downside target3.325 more rows
Is FCEL going to reverse split?
Shares of the Company's common stock will continue to trade under the symbol "FCEL." Immediately following the reverse stock split, there will be approximately 26.2 million shares, par value $0.0001 per share, of the Company's common stock issued and outstanding.
Is FuelCell Energy the future?
FuelCell Energy even has markets in coal country, where its fuel cells are sold as carbon capture units. But FuelCell's future remains in the future. Its sales will rise as hydrogen fuel becomes more plentiful and as we become more dependent on dependable grid power. The company is not connected to electric cars.
Is FCEL profitable?
FuelCell Stock Is a Lucrative Opportunity, Especially at These Prices. FuelCell (NASDAQ:FCEL) stock, which was once trading at a high of $29, trade at something closer to $6 today.
What is the future for FCEL stock?
Fuelcell Energy Inc (NASDAQ:FCEL) The 7 analysts offering 12-month price forecasts for Fuelcell Energy Inc have a median target of 5.30, with a high estimate of 7.00 and a low estimate of 5.00. The median estimate represents a +56.34% increase from the last price of 3.39.
Is FCEL overvalued?
Price to Book Ratio PB vs Industry: FCEL is overvalued based on its PB Ratio (2.1x) compared to the US Electrical industry average (1.9x).
Is FCEL a Buy Sell or Hold?
Today FCEL ranks #13228 as sell candidate.
Is Plug Power a buy?
Revenue growth is strong. In the last five years, Plug Power's revenue has risen by nearly six times, from $86 million in 2016 to $502 million in 2021. By contrast, from 2011 to 2016, the company's revenue just roughly tripled. Clearly, Plug Power has been growing its revenue rapidly lately.
Is FuelCell Energy a buy right now?
6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FuelCell Energy in the last year. There are currently 1...
How has FuelCell Energy's stock been impacted by COVID-19?
FuelCell Energy's stock was trading at $1.47 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (...
When is FuelCell Energy's next earnings date?
FuelCell Energy is scheduled to release its next quarterly earnings announcement on Thursday, June 9th 2022. View our earnings forecast for FuelCe...
How were FuelCell Energy's earnings last quarter?
FuelCell Energy, Inc. (NASDAQ:FCEL) posted its quarterly earnings results on Thursday, March, 10th. The energy company reported ($0.11) earnings pe...
When did FuelCell Energy's stock split? How did FuelCell Energy's stock split work?
FuelCell Energy shares reverse split on Thursday, May 9th 2019. The 1-12 reverse split was announced on Wednesday, May 8th 2019. The number of shar...
What price target have analysts set for FCEL?
6 brokerages have issued 1 year price targets for FuelCell Energy's stock. Their forecasts range from $5.00 to $9.00. On average, they expect FuelC...
Who are FuelCell Energy's key executives?
FuelCell Energy's management team includes the following people: Jason B. Few , President, Chief Executive Officer & Director Michael J. Lisowski...
What is Arthur (Chip) Bottone's approval rating as FuelCell Energy's CEO?
26 employees have rated FuelCell Energy CEO Arthur (Chip) Bottone on Glassdoor.com . Arthur (Chip) Bottone has an approval rating of 14% among Fue...
Who are some of FuelCell Energy's key competitors?
Some companies that are related to FuelCell Energy include Eaton (ETN) , Emerson Electric (EMR) , Roper Technologies (ROP) , Rockwell Automatio...
FuelCell Earnings Disappoint
Fuel Cell Stocks Have Been Struggling
FuelCell reported a top- and bottom-line miss this morning, which is never a good look. The company lost 7 cents a share, 3 cents a share more than expectations. Worse, revenue fell 18% year over year to $13.94 million, missing expectations by more than $7.5 million.
Ballard Power, FuelCell Energy, and Bloom Energy tumble in a market rout
It has not been a good week for FuelCell stock, which is down nearly 30% from Monday’s high. However, it’s been a tough stretch for fuel cell stocks in general.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
The market appears to be ending this week not with a bang, not with a whimper, but with a painful howl of agony.
Now what
The COVID-19 coronavirus is the culprit. At last report, the World Health Organization had confirmed cases worldwide above 99,000 (other sources are saying we've already passed the 100,000 mark). Deaths hit 3,400 today, and 90 countries are now reporting cases of COVID-19 within their borders.
When will Fuelcell Energy reverse split?
It's not a great time to be invested in the stock market, or it certainly doesn't feel like it. But things will get better. The world, and its stock markets, have weathered multiple health crises similar to COVID-19 in the past. (Remember SARS? Remember the bird flu? No one worries too much about either of those today.)
What is fuel cell energy?
FuelCell Energy shares reverse split before market open on Thursday, May 9th 2019. The 1-12 reverse split was announced on Wednesday, May 8th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, May 8th 2019. An investor that had 100 shares of FuelCell Energy stock prior to the reverse split would have 8 shares after the split.
Does Norway need a fuel cell license?
FuelCell Energy, Inc. develops environmentally responsible distributed baseload power solutions through proprietary molten-carbonate fuel cell technology. It develops turn-key distributed power generation solutions and provides comprehensive services for the life of the power plant. The firm's fuel cell solution is an alternative to traditional combustion-based power generation and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. It provides solutions for various applications, including utility-scale distributed generation, on-site power generation, combined heat and power, distributed hydrogen, carbon capture and hydrogen-based long duration storage. The Company's platform has the differentiating ability to do all these applications utilizing multiple sources of fuel including natural gas, renewable biogas, propane among others sources. The company was founded in 1969 and is headquartered in Danbury, CT.
Will Europe spend billions of euros on hydrogen?
This implies that Norway may have no need to license technology from Plug, FuelCell, or Bloom Energy. And with a planned operational start date of 2022, the competition for American fuel cell companies could be heating up soon.
Why are fuel cell stocks down?
Europe's plans to spend " hundreds of billions of euros in technologies enabling it to get a substantial share of its energy from hydrogen by 2050 " was a big catalyst fueling Plug Power's sudden rise in stock price last year. When you consider that Norway is a local competitor that can be expected to compete aggressively for a share of these billions of euros, it's not surprising that investors in Plug, in FuelCell, and in Bloom Energy, too, are feeling a bit nervous today.
Is hydrogen a high value stock?
The headline reason fuel cell stocks are down today is that J.P. Morgan analyst Paul Coster gave some negative ratings for Plug Power and FuelCell Energy. For Plug Power, he initiated coverage on the stock with a $60 price target, which is lower than where shares trade today. For FuelCell Energy, he downgraded the stock from neutral to underperform with a $10 price target. That's nearly 40% lower than where shares trade as of this writing.
Can analysts downgrade fuel cell stocks?
It's undeniable that hydrogen and fuel cell stocks are extremely highly valued today. What investors need to consider is if the price is too high to pay.
What happened
Analyst upgrades and downgrades can often swing a stock wildly, but in this case it pulled the entire industry down. That's not all that surprising given the fact that fuel cell stocks have traded together for much of the past year.
So what
Fuel cell stocks struggled on Wednesday. In early trading, shares of Bloom Energy ( BE 2.06% ) were down 2.8%, Plug Power ( PLUG 3.29% ) was off 6.5%, and Ballard Power Systems ( BLDP 2.19% ) was worst of all, down 9.4% at 10:45 a.m. EST.
NASDAQ: BLDP
Yesterday morning, Plug announced that it has completed an upsized stock offering, raising $2 billion from the sale of 32.2 million new shares at a price of $65. Not coincidentally, Plug stock is now trading down at around $65, and $9 below what it cost just two weeks ago.
Now what
Taking a cue from its rival, Ballard Power announced last night that it, too, is going back to market for some quick cash. It initially said it was trying to raise $350 million from the sale of at least 9.5 million shares of stock (and as many as 10.9 million shares, if underwriters exercised their overallotment option).
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The odd man out in all of this frenetic share-selling and cash-raising is Bloom Energy. As I noted last month, Bloom was alone in the industry in sitting out this tidal wave of share issuances.
The "renewables index" is down -- and this news won't help
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What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of eponymous fuel cell company FuelCell Energy ( NASDAQ:FCEL) dropped 9.6% in 12:30 p.m. EST trading Friday, en route to the stock's fourth straight day of declines this week.
Now what
Citing a 22% decline in its JPMorgan Renewables Index over the past month, the investment megabanker pointed out today that the entire alternative energy market seems to be in correction territory right now.
When will Fuelcell Energy continue to work with Exxon Mobil?
It's worth pointing out that JPMorgan wasn't terribly hot on FuelCell Energy's prospects already -- the analyst had FuelCell tagged with an underweight ( i.e., sell) rating even before this morning's cut in price target.
Why is hydrogen fuel cell technology important?
The agreement will now continue until April 30, 2022. The parties are discussing an ExxonMobil pilot in Rotterdam, the Netherlands, as well as potentially additional ExxonMobil or third-party locations, to deploy FuelCell Energy's carbonate fuel cell platform to capture
Who makes hydrogen fuel cells?
Undeniably, hydrogen fuel cell technology offers a great solution to two key issues -- the unreliability of renewable power and the emissions from fossil fuels. A key limiting factor in the widespread adoption of hydrogen fuel cells in the past was cost, which has clearly come down significantly over the years.
Is FCEL a bullish stock?
Plug Power, a maker of hydrogen fuel cells, unveils ambitious growth plans and sees accelerating revenue in 2022. Is PLUG stock a buy right now?
