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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

FuelCell Energy (FCEL) Catches Eye: Stock Jumps 17.5%

Zacks Equity Research
Updated

FuelCell Energy, Inc. FCEL was a big mover last session, as the company saw its shares rise more than 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 44.2% in the past one-month time frame.

The move came after Oppenheimer analysts initiated coverage on the stock with an outperform rating, insisting that they believed the company to be a "clear leader" in its industry.

The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for FuelCell Energy. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

FuelCell Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

FuelCell Energy, Inc. Price

FuelCell Energy, Inc. Price | FuelCell Energy, Inc. Quote

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A better-ranked stock in the Alternative Energy - Other industry is Ormat Technologies, Inc. ORA, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is FCEL going up? Or down? Predict to see what others think: Up or Down

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Ormat Technologies, Inc. (ORA) : Free Stock Analysis Report
 
FuelCell Energy, Inc. (FCEL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.