why is fcel stock dropping

Why was fcel's fiscal Q4 loss wider than expected?

FuelCell Energy's (FCEL) fiscal Q4 loss is wider than expected. FCEL's backlog remains unchanged from the year-ago period due to continued execution of backlog & adjustments to the generation backlog.

Is FuelCell Energy's stock done going down?

The analyst notes that FuelCell remains a company in transition as it will take time and capital to get to a sustainable business, and it still sports a lofty valuation. Stine believes it is done going down with upward revenue estimate revisions likely, an improved Product outlo FuelCell Energy's (FCEL) fiscal Q4 loss is wider than expected.

Can fuel cell stocks recover from volatility?

Shares of the stocks were down 7.1%, 12.4%, and 5.7% respectively at 2:55 p.m. EST, and it doesn't seem like any sort of recovery is in the cards today. When markets are going up, volatility can work in fuel cell investors' favor. But when markets go down, volatility can hit stocks hard.

Is a fellow fuel cell technology company spooking investors?

A fellow fuel cell technology company reported a revenue decline that is spooking investors in the sector.

Is FCEL a good stock to buy now?

One of the big things driving FCEL stock higher today is the company's earnings. Today, FuelCell Energy reported its first-quarter earnings for fiscal 2022, which generally came in above analyst expectations. This company brought in $31.8 million in revenue, which more than doubled on a year-over-year (YOY) basis.

Will FCEL stock go up?

Fuelcell Energy Inc (NASDAQ:FCEL) The 8 analysts offering 12-month price forecasts for Fuelcell Energy Inc have a median target of 5.00, with a high estimate of 7.00 and a low estimate of 3.00. The median estimate represents a +32.98% increase from the last price of 3.76.

What is happening with FuelCell Energy?

FuelCell Energy (FCEL) Reports Q2 Loss, Lags Revenue Estimates. FuelCell Energy (FCEL) delivered earnings and revenue surprises of -33.33% and 50.92%, respectively, for the quarter ended April 2022.

What is the future for FCEL stock?

Analyst Price Target on FCEL Based on 2 Wall Street analysts offering 12 month price targets for Fuelcell Energy in the last 3 months. The average price target is $5.88 with a high forecast of $6.00 and a low forecast of $5.75. The average price target represents a 43.41% change from the last price of $4.10.

Is FCEL a buy or sell?

Today FCEL ranks #18262 as sell candidate.

Who uses FuelCell Energy?

It operates the world's largest fuel cell park, Gyeonggi Green Energy Fuel cell park, which is located in South Korea. The park consists of 21 power plants providing 59 Megawatt of electricity plus district heating to a number of customers in South Korea....FuelCell Energy.TypePublic companyWebsitewww.fuelcellenergy.com8 more rows

Who owns FCEL stock?

Top 10 Owners of Fuelcell Energy IncStockholderStakeShares ownedThe Vanguard Group, Inc.8.56%31,384,321BlackRock Fund Advisors7.15%26,228,406SSgA Funds Management, Inc.2.49%9,123,184Geode Capital Management LLC1.80%6,614,2116 more rows

What is Nio price target?

The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.36, with a high estimate of 82.31 and a low estimate of 21.92. The median estimate represents a +67.35% increase from the last price of 18.14.

Why is fuel cell stock up?

Fuel cell stocks rocketed on Monday after the House of Representatives finally passed a landmark $1.2 trillion infrastructure bill, paving the way for long-awaited federal spending on America's infrastructure, including big investments in clean energy.

What happened

So what

Shares of FuelCell Energy ( FCEL -5.39% ) fell by as much as 14.3% in trading on Thursday after the company reported its fiscal second-quarter 2021 financial results. Shares floundered from the start of trading and were down 10.3% at 2:45 p.m. EDT.

Now what

For the period that ended April 30, FuelCell Energy's quarterly revenue fell 26% to $14.0 million and its net loss grew by 28% to $18.9 million, or $0.06 per share. Even adjusted EBITDA got worse, as its loss of $3.3 million a year ago grew to a loss of $11.3 million.

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Falling revenues aren't a good look for a company that operates in what is supposed to be a growing segment of the renewable energy market. But more concerning is that FuelCell Energy's backlog dropped by $20 million, or more than revenue, to $1.32 billion. Business isn't coming in as quickly as investors should be hoping for.

FuelCell Earnings Disappoint

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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.

Texas Pacific (TPL) Q4 Earnings Lag Estimates

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.

Is PLUG Stock A Buy As Investors Pump Breaks On Clean-Energy Stocks?

Texas Pacific (TPL) delivered earnings and revenue surprises of -6.93% and 14.75%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

What goes up must come down

Hydrogen fuel cell maker Plug Power sees 2022 revenue surging 80% year over year to up to $925 million. Is PLUG stock a buy now?

What happened

Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium

So what

After an incredible run higher over the past six months, fuel cell stocks came crashing to earth today along with the rest of the stock market. FuelCell Energy ( NASDAQ:FCEL) shares fell as much as 18.7%, Ballard Power Systems ( NASDAQ:BLDP) dropped 17%, and Plug Power ( NASDAQ:PLUG) plunged 12.6% at its low.

Now what

When markets are going up, volatility can work in fuel cell investors' favor. But when markets go down, volatility can hit stocks hard. And that's exactly what's happening with fuel cell stocks today.