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why is fcel stock going down

by Stefanie Senger Published 2 years ago Updated 2 years ago
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FuelCell Energy (FCEL 6.46%) 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.Jan 4, 2022

What happened to the fcel stock?

This was one of the early retail interest stocks that took off even before the advent of GameStop (GME) and WallStreetBets took over the retail trading space. FCEL price rose from $2.58 to $29 in about three months between November 2020 and February 2021.

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.

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.

Where can I buy fcel shares?

Shares of FCEL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.

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Is FCEL a good stock to buy?

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 back up?

Based on our forecasts, a long-term increase is expected, the "FCEL" stock price prognosis for 2027-05-26 is 15.539 USD. With a 5-year investment, the revenue is expected to be around +279.01%. Your current $100 investment may be up to $379.01 in 2027. Get It Now!

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 51.55% change from the last price of $3.88.

Is fuel cell energy the future?

In the future, fuel cells could power our cars, with hydrogen replacing the petroleum fuel that is used in most vehicles today. Many vehicle manufacturers are actively researching and developing transportation fuel cell technologies. Stationary fuel cells are the largest, most powerful fuel cells.

Is FCEL undervalued?

Keybanc does not see either upside or downside right now giving FCEL "" on their last update on Jan 05, 2022. The price target was changed from 5.32 to 9.52....Predicted Opening Price for FuelCell Energy of Monday, June 6, 2022.Fair opening price June 6, 2022Current price$4.17$4.10 (Undervalued)

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?

Stock Price Forecast The 30 analysts offering 12-month price forecasts for NIO Inc have a median target of 30.19, with a high estimate of 82.21 and a low estimate of 21.89. The median estimate represents a +46.36% increase from the last price of 20.63.

Is Plug Power a buy?

PLUG stock's green hydrogen leadership also makes it a standout among growth stocks. Buying an actively managed married put strategy on PLUG shares is attractive....Plug Power Stock Is Finally Worth Buying.TickerCompanyCurrent PricePLUGPlug Power$17.10May 26, 2022

Should I buy or sell FuelCell Energy stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FuelCell Energy in the last twelve months. There are cur...

What is FuelCell Energy's stock price forecast for 2022?

4 brokerages have issued twelve-month target prices for FuelCell Energy's stock. Their forecasts range from $3.00 to $6.00. On average, they predic...

How has FuelCell Energy's stock performed in 2022?

FuelCell Energy's stock was trading at $5.20 at the beginning of the year. Since then, FCEL stock has decreased by 27.7% and is now trading at $3.7...

When is FuelCell Energy's next earnings date?

FuelCell Energy is scheduled to release its next quarterly earnings announcement on Tuesday, September 13th 2022. View our earnings forecast for F...

How were FuelCell Energy's earnings last quarter?

FuelCell Energy, Inc. (NASDAQ:FCEL) posted its quarterly earnings results on Thursday, June, 9th. The energy company reported ($0.08) earnings per...

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...

Who are FuelCell Energy's key executives?

FuelCell Energy's management team includes the following people: Mr. Jason B. Few , Pres, CEO & Director (Age 55, Pay $943.98k) Mr. Michael S. B...

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) , AMETEK (AME) , En...

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