FuelCell FuelCell Energy Inc. (NASDAQ: FCEL) is an alternative energy company that develops clean combustion-based power systems to complement intermittent energy sources like wind and solar. With its turnkey solutions, FuelCell helps producers to improve efficiency and reduce carbon output.

The demand for cleaner energy was strong in 2020 and is expected to grow in the coming years. The incoming Biden administration has hinted at new incentives and funding for clean energy, which will help companies like FuelCell to keep up the growth seen this year.

Revenue at FuelCell is expected to grow by at least 27% over the next year, which will help to improve earnings and demand for shares. The company is not yet profitable but has been steadily increasing its fiscal efficiency. Profitability is expected within the next three years.

The bargain price today reflects the company’s unique position as a high potential energy stock. The stock has gained 367% in the year to date and the high-end analyst targets see the share price reaching as high as $18.50 in the coming months. The upside on this pick could be significant, especially in the long-term as clean energy becomes dominant in the U.S. This is one of the best bargain picks for the New Year.

Key Data:

  • 1 Year Price Growth: 73%
  • YTD Price Growth: 73%
  • 3 Month Price Growth: 60%

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.