Should You Buy or Hold FuelCell Energy Stock at This Level ?

 

FuelCell Energy, Inc. (FCEL) Nasdaq a global leader in fuel cell technology  with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — today announced the upcoming release of its second quarter results prior to the Stock Market Open on Friday, June 12, 2020. Source: https://investor.fce.com/press-releases/press-release-details/2020/FuelCell-Energy-Announces-Second-Quarter-Results-Conference-Call-on-June-12-2020-at-10-AM-Eastern-Time/default.aspx

FuelCell Energy, Inc. (NASDAQ: FCEL) is working to expand the proprietary technologies that we have developed over the past five decades into new products, applications, markets and geographies. The mission and purpose remains to utilize our proprietary, state-of-the-art fuel cell platforms to reduce the global environmental footprint of baseload power generation by providing environmentally responsible solutions for reliable electrical power, hot water, steam, chilling, distributed hydrogen, microgrid applications, electrolysis, long-duration hydrogen-based energy storage and carbon capture and, in so doing, drive demand for our products and services, thus realizing positive stockholder returns.

 

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More recently, the stock has remained very volatile. Multiple swings of 20%+ over a few days. We saw the stock fall 65% from February 19th to March 16th, which is when the entire market collapsed as well. Since then, the stock has rallied 160%.

FuelCell Energy (NASDAQ:FCEL) reported Q1 results. Earnings per share decreased 11.11% over the past year to $0.20. With a continued  net losses  there is  a substantial risk factor for the company.

There is competition from  Plug Power (NASDAQ:PLUG), and Ballard Power Systems (NASDAQ:BLDP, and Bloom Energy (NYSE:BE).Going forward this produces more risk for FuelCell Energy. We believe the stock is too risky even at these levels due to the competition in the industry.

President, Chief Executive Officer and Chief Commercial Officer Mr. Few was appointed President, Chief Executive Officer and Chief Commercial Officer in August 2019. Prior to FuelCell Energy, Mr. Few served as President of Sustayn Analytics LLC, a cloud-based software waste and recycling optimization company. Mr. Few has over 30 years of experience increasing enterprise value for Global Fortune 500 and privately held technology, telecommunication, and energy firms. Source: https://investor.fce.com/Corporate-Governance/Management/default.aspx

5.26%    % of Shares Held by  Insiders

9.65%    % of Shares Held by Institutions

10.19%  % of Float Held by Institutions

At the present moment and current valuations CWEB believes FCEL is a Hold.

CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

 


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