FuelCell Energy Inc. (NASDAQ: FCEL) is a responsible energy company that develops baseload power solutions and distributed power generation solutions. This stock is popular with short-sellers, which has created some volatility in its price, but it could still benefit a diversified alternative portfolio.
FuelCell in its most recent fiscal report, the company outperformed analyst expectations, even as revenue fell year over year. The company generated revenue of $17.7 million compared to the $18.7 million it reported a year ago. However, it beat the analyst consensus of $16.0 million. The company has an energy backlog of $1.33 billion in its portfolio, which creates some security for its long-term revenue stream.
The company is continuing to reduce operating expenses while it capitalizes on its backlog. Patience will reward investors with a leaner company with better financials. Operating expenses decreased by 16% in the previous quarter. The company’s gross loss was heavily influenced by one-off equipment costs.
Analysts predict a short-term price target of $2.50, suggesting a moderate upside over today’s price. Investors looking for a long-term alternative energy pick will find this one to be a compelling option.
- 1 Year Price Growth: 08%
- YTD Price Growth: -9.96%
- 3 Month Price Growth: -12.74%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.