By Kuldip K. Ambastha
Per the table shown above, FuelCell Energy, Inc. (FCEL) had a trading week of three down days and one up day. FuelCell Energy focuses on fuel cell technology, and also provides ultra-clean, comprehensive power solutions to customers. While the company is not currently profitable, its forecasted earnings growth rate for the next year is +57.1%. The fuel cell industry does not have direct subsidies available to it, but still the industry may benefit from federal government funds allocated to clean energy research. Given the nascent and uncertain nature of fuel cell technology, it is not surprising that FuelCell Energy’s stock has had its volatile ups and downs over time akin to what was seen in this trading week.
Best wishes for 2021 to all of our readers!
Disclosure – The principals and clients of Ambastha Financial LLC have no positions in FCEL.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2021 – Ambastha Financial LLC.