Stock of The Day: Is Selling 52-Week Stock Like FuelCell Energy Inc a Winning Strategy?

Stock of The Day: Is Selling 52 Week Stock Like FuelCell Energy Inc a Winning Strategy?

The stock of FuelCell Energy Inc (NASDAQ:FCEL) hit a new 52-week low and has $2.99 target or 12.00% below today’s $3.40 share price. The 7 months bearish chart indicates high risk for the $110.91 million company. The 1-year low was reported on Oct, 31 by Barchart.com. If the $2.99 price target is reached, the company will be worth $13.31M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 346,049 shares traded hands. FuelCell Energy Inc (NASDAQ:FCEL) has declined 49.21% since March 29, 2016 and is downtrending. It has underperformed by 52.69% the S&P500.

FuelCell Energy Inc (NASDAQ:FCEL) Ratings Coverage

Out of 4 analysts covering FuelCell Energy (NASDAQ:FCEL), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. FuelCell Energy has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. FBR Capital initiated FuelCell Energy Inc (NASDAQ:FCEL) rating on Friday, December 18. FBR Capital has “Outperform” rating and $8.0 price target. The rating was upgraded by Zacks on Tuesday, August 11 to “Sell”. The firm has “Buy” rating by Roth Capital given on Monday, April 11. The stock of FuelCell Energy Inc (NASDAQ:FCEL) has “Buy” rating given on Monday, May 2 by Craig Hallum. The rating was downgraded by FBR Capital to “Mkt Perform” on Wednesday, October 26. As per Tuesday, March 15, the company rating was maintained by FBR Capital. Cowen & Co maintained FuelCell Energy Inc (NASDAQ:FCEL) rating on Friday, March 11. Cowen & Co has “Outperform” rating and $18 price target. The company was downgraded on Tuesday, October 25 by Roth Capital.

According to Zacks Investment Research, “FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants with virtually no air pollution and reduced greenhouse gas emissions using a variety of fuels including renewable biogas and domestically-available fuels like natural gas.”

Insitutional Activity: The institutional sentiment increased to Infinity in Q2 2016. Its up Infinity, from 0 in 2016Q1. The ratio is positive, as 0 funds sold all FuelCell Energy Inc shares owned while 0 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 22,162 shares or 27260.49% more from 81 shares in 2016Q1.
Moreover, Douglass Winthrop Advsrs Limited Liability Company has 0% invested in FuelCell Energy Inc (NASDAQ:FCEL) for 11,000 shares. Focused Wealth Mngmt Inc reported 81 shares or 0% of all its holdings.

More notable recent FuelCell Energy Inc (NASDAQ:FCEL) news were published by: Streetinsider.com which released: “FuelCell Energy (FCEL) Enters 2.8-MW PPA with City of Tulare” on October 31, 2016, also Forbes.com with their article: “FuelCell Energy Continues To Position Itself For Future Growth” published on March 11, 2016, Businesswire.com published: “FuelCell Energy and ExxonMobil Announce Location for Fuel Cell Carbon Capture …” on October 27, 2016. More interesting news about FuelCell Energy Inc (NASDAQ:FCEL) were released by: Fool.com and their article: “The 3 Biggest Challenges Facing FuelCell Energy Inc. Stock” published on April 18, 2016 as well as Fool.com‘s news article titled: “Is FuelCell Energy Inc. Stock a Buy Right Now?” with publication date: March 28, 2016.

FCEL Company Profile

FuelCell Energy, Inc., incorporated on July 12, 1999, is an integrated fuel cell company. The Firm designs, makes, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support. The Company’s plants operate in approximately 50 locations on approximately three continents and generate approximately four billion kilowatt hours (kWh) of electricity.

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