FuelCell Energy (FCEL) closed the last trading day at $ 9.99, down -0.5% from the previous trading session. That change fell short of the S&P 500’s daily gain of 0.88%.
Today the shares of the fuel cell power plant manufacturer had gained 26.61% in the past month. At the same time, the oil-energy sector was up 9.06% while the S&P 500 was up 0.15%.
Investors will be hoping for strength from FCEL as the next earnings release approaches, which is expected on June 10, 2021. On that day, FCEL is expected to post earnings of $ -0.05 per share, which would represent a year-over-year growth of 28.57%. Our latest consensus estimate is for quarterly revenue of $ 19.18 million, up 1.59% over the same period last year.
FCEL’s Zacks Consensus Estimates for the full year project earnings of $ -0.29 per share and sales of $ 79.37 million. These results would represent changes of + 30.95% and + 12% respectively compared to the previous year.
It is also important to note the recent changes in analyst estimates for FCEL. These most recent revisions typically reflect developments in short-term business trends. With this in mind, we can view positive valuation revisions as a sign of optimism about the company’s business outlook.
Our research shows that these changes in estimates correlate directly with short-term stock prices. We developed the Zacks Rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable rating model.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell) and has a proven, externally audited track record of outperforming, with the # 1 stocks returning an average of + 25% per year since 1988 The EPS estimate remained stagnant last month. FCEL currently holds a Zacks rank of # 3 (Hold).
The Alternative Energy – Other industry is part of the Oil Energy Sector. This group has a Zacks industry ranking of 223, making it one of the bottom 13% of all over 250 industries.
Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within the groups. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.
To keep track of FCEL in the upcoming trading sessions, be sure to use Zacks.com.
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