The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future. While the stock is positioned for long-term growth after years of disappointment, it is going to have to come down to reality a bit first. An over-reaction. Those tracked by CNN Money have FCEL as a consensus hold with a $5 price target. I can’t say that I would have. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. FuelCell's deal with Exxon Mobil has the potential to be the start of something big if they can get more deals of this nature done. WhatsApp. Market data powered by FactSet and Web Financial Group. Melissa Arnold - December 8, 2020. Copyright © 2020 InvestorPlace Media, LLC. The companyâs stock price has collected 73.33% of gains in the last five trading ⦠set to surge by 50% over the next five years. Dan Caplinger has been a contract writer for the Motley Fool since 2006. Also in November, the International Energy Agency (IEA) released a report forecasting renewable energy deployment is set to surge by 50% over the next five years. To understand why shares in FuelCell suddenly took off in November, look no further than headlines about action to fight climate change. Nasdaq After Hours Volume: 513.97K. In a matter of two weeks, FCEL stock climbed by 298%. Graham Grieder Mon, Jun. It just needs to get past the current speculative bump before it’s worth considering as part of a clean energy portfolio. Face the Future and Clean Up Your Portfolio with FuelCell Energy Dec. 28, 2020 at 4:07 p.m. FCEL stock has slumped precipitously over the past five years. ET on InvestorPlace.com 5 High-Flying Stocks of the Top ETF in Q4 The successful prediction of FuelCell Energy stock future price could yield a significant profit. 0. Back To Top. Yet the stock dropped 4%, perhaps because expectations have grown so much about the Chinese EV market. The question is, will the catalyst that sparked such explosive growth continue to push FuelCell shares sky high? 43.0%. Some of the gains for Lordstown and Nikola might have come at the expense of Chinese rival NIO (NYSE:NIO). Investors, meanwhile, can participate and profit by owning shares of FCEL stock. However, the two companies differ in their area of operation. DANBURY, Conn., Nov. 06, 2019 (GLOBE NEWSWIRE) -- Today, FuelCell Energy, Inc. (Nasdaq: FCEL), a leading clean energy company, announced a ⦠Fuelcell Energy Inc real time quote is equal to 9.335 USD at 2020-12-19, but your current investment may be devalued in the future. Meanwhile, Nikola remains an uncertain play due to the resignation of founder Trevor Milton and the pending status of its possible partnership with General Motors (NYSE:GM). The fuel cell specialist has been in the shadow of other companies for a long time, but investors are finally starting to notice the company as a viable player in a promising industry. The Nasdaq has historically concentrated on high-growth industries. About FuelCell Energy Inc FuelCell Energy, Inc. develops and commercializes fuel cell power plants for electric power generation. FuelCell Energy currently has a ⦠FCEL has largely bounced around between the $2 and $3 level for most of the year. Even giant Tesla (NASDAQ:TSLA) picked up another 5%, making a play toward another record high. One month ago, would you have picked FuelCell Energy (NASDAQ:FCEL) to be one of the hottest stocks on the market? FuelCell Energy (FCEL) and Plug Power (PLUG) are two of the most interesting companies in the market. Lordstown confirmed earlier this week that it intends to start production next September, with roughly 50,000 reservations giving it proof of demand from buyers. Email. Twitter. Forget Fuel Cells, Solar Is a Better Way to Invest in Renewable Energy The rapid growth of renewables as an energy source has rightly caught investors' attention. The problem with hydrogen has always been cost, an issue that has dogged FuelCell energy. Melissa Arnold - November 27, 2020. As pointed out by InvestorPlace contributor Thomas Neil, the decision to release secondary shares raised concerns about dilution as well as insider trading. Lately, just about everything that has anything to do with renewable energy and its application in automobiles and other vehicles has gotten a lot of attention from investors. FuelCell is pushing to hit double-digit CAGR for FY 2022. Because of this shift, I feel the time is finally right for FuelCell Energy. In a recent interview, he summed up the sentiment that is lifting FCEL stock: “the time for hydrogen has finally come.”. 85. FuelCell Energy Inc. Watch list CreateFCELAlert. Or was this a market overreaction that will correct in short order? Article printed from InvestorPlace Media, https://investorplace.com/2020/12/fuelcells-future-looks-brighter-than-ever-but-wait-for-fcel-stock-to-come-down/. The companyâs stock performance has sorely disappointed long ⦠FuelCell Energy Inc. has spent 50 years trying to take its low-pollution power plants mainstream. global halt to investment in coal burning power plants, raised concerns about dilution as well as insider trading, The Story of 2020 … and Possibly 2021 … and What it Means for Your Investments, The 7 Safest Stocks to Start Off 2021 on the Right Foot, This Hypergrowth Fashion Tech Company is Ready to Turn into the Next Farfetch, 7 Penny Stocks on a Tear Right Now and Still Worth Buying, 10 Hot Stocks That Are Leading a Monster-Sized Rally in Small-Caps, 7 Undervalued Stocks That Could Soar in 2021. Why FuelCell Energy Inc. (FCEL)âs Most Recent Report Reveals Some Hints About Its Future. After Hours. FuelCell Energy Inc. (NASDAQ:FCEL) went up by 15.25% from its latest closing price compared to the recent 1-year high of $11.31. Analyst Future Growth Forecasts. By mid-November, someone lit a fuse under this hydrogen fuel cell stock. FuelCell Energy has a bright future, but that wasn’t a given, even a few years ago. FuelCell Energy was higher by 23% on Wednesday morning. 0. That being said, the rapid spike in FCEL stock feels like a reaction to the flurry of announcements, agreements, and programs aimed at the green energy sector. 1125 N. Charles St, Baltimore, MD 21201. Yet, not everyoneâs convinced of this stockâs value proposition. America and the world are finally waking up to the reality of climate change, and pledging to do something about it. It’s not just the 30% price drop that the IEA is predicting; many countries are implementing carbon taxes on fossil fuels. FuelCell Energy currently has a ⦠... Why Hydrogen Fuel Cell Stocks Jumped Today. The federal government is expected to spend $1.7 trillion on clean energy initiatives and infrastructure over the next 10 years. Based on the current pro-hydrogen climate and FuelCell Energy’s years of building IP and proven solutions like its SureSource power plants, FCEL is a stock that is primed for growth. Clean energy stocks in general saw gains from this series of announcements, but FCEL really shot up. By. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world. Twitter. But positive news is also building enthusiasm about the industry. However, the big winner in this era may be another green energy source that has yet to have a mainstream impact: hydrogen. FuelCell Energy Inc. (FCEL) and Bloom Energy Corporation (BE) are leading fuel cell power generating companies providing on-site power, utility and grid support. 526. The companyâs stock price has collected -23.24% of loss in the last five trading ⦠FuelCell Energy delivers efficient, affordable and clean solutions for the supply, recovery and storage of energy. It's hiring workers at an accelerated pace to meet demand, and Lordstown intends to open a new research and development center and a new service center to foster its growth. 18 60 Comments. As nations seek new pathways to a cleaner future, ambitious companies like FuelCell Energy (NASDAQ:FCEL) have opportunities to grab market share of the green-energy ⦠B It’s given some of that back since peaking on Nov. 30. Fuelcell’s Future Looks Bright, but Wait for the Stock To Come Down To Earth, Louis Navellier and the InvestorPlace Research Staff. In November, Joe Biden was declared the winner of the U.S. presidential election. On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article. Simple Investment Ideas Thu, Jun. Or, perhaps some investors have witnessed the stockâs rocket ride in 2020 and are hesitant to make a move. Both FCEL and BE convert natural gas, biogas or hydrogen to electricity. FuelCell Energy has a bright future, but that wasnât a given, even a few years ago. WhatsApp. An issue that has yet to have a mainstream impact: hydrogen the question is, the. Climate change, and pledging to do something about it the Motley Fool since 2006 an impressive 219 so! Saw its stock rise 13 %, as did Nikola because expectations have grown so much about the.! A close watch on this firm in the public eye for years as a consensus hold with a 100 clean... Are hesitant to make a move have grown so much about the Chinese EV market 2020-12-19. 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