Financial Trading Blog
Stock of the day 12/12/2014 – FuelCell Energy Inc
FuelCell Energy Inc, a global leader in fuel cell power plant design, production and operation is one such company, and announces its Q4 2014 earnings release on Monday.
This year has been a mixed bag on the markets for FuelCell Energy, with its 2014 high a price of $4.73 on March 11th. This peak was brief, however, as that day closed at $3.24; the company then had a fairly stable March to September, before beginning a decline that saw its yearly low of $1.56 in mid-October. Since then FuelCell Energy has been volatile, an issue that has been exacerbated by the current oil price crisis.
Since this low, the company has been trading between $1.58 and $1.70. However, some big pieces of news leading up to its earnings announcement on Monday could see a change in fortunes for the energy company. On Thursday FuelCell Energy revealed the significant milestone that since 2003, Direct FuelCell power plants have generated 3 billion kilowatt hours of ultra-clean renewable electricity. This was joined by the news on Friday morning that the company has seen the acceptance of plans for the largest Fuel Cell power plant made and operating in Germany.
These recent news items joined the announcement earlier in the year that independent American firm NRG Energy has provided FuelCell Energy with a $40 million credit facility in order to finance projects under development. This R&D windfall, alongside the expected 32% annual growth rate for the fuel cell market in the next four years means the long-term future of FuelCell Energy looks positive.
However, in the short-term things are slightly less certain. FuelCell Energy has been struggling under the pressure of cheap oil; while that commodity is at such a low alternative sources of energy become less attractive to investors. The company will be hoping that its expected revenue of $54.02 million for the quarter will prove to be eye-catching for investors, as its stock holds an average rating of ‘buy’ with a target of $2.70 per share.
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