FuelCell Energy ($FCEL) Stock Forecast: Down 10.9% Today

What is FuelCell Energy?

FuelCell Energy (FCEL): FuelCell Energy is a company that designs, manufactures, operates, and services Direct Fuel Cell power plants that run on natural gas and biogas. Today, the stock experienced a strong bearish movement.

Why is FuelCell Energy going down?

FCEL stock is down 10.9% on Dec 13, 2024 16:35

• The stock of FuelCell Energy (FCEL) had a bearish movement despite a positive outlook from analysts foreseeing significant upside potential.
• The news of a new decommissioning contract secured by Subsea7 from Saudi Aramco could have diverted investor attention from FCEL, affecting its stock price negatively.
• Moreover, concerns about the competitive landscape for traditional energy sources like those utilized by FuelCell Energy may have arisen following the partnership between Phillips 66 and NEE to power a refinery with solar energy.
• Investors may be adopting a cautious stance in the market as they await FuelCell Energy's fourth-quarter and fiscal year 2024 results conference call scheduled for December 19, 2024, seeking further insights into the company's performance.

FCEL Price Chart

FCEL Technical Analysis

FCEL News

Wall Street Analysts See a 146.03% Upside in FuelCell Energy ( FCEL ) : Can the Stock Really Move This High?

The consensus price target hints at a 146% upside potential for FuelCell Energy (FCEL). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

https://www.zacks.com/stock/news/2383399/wall-street-analysts-see-a-14603-upside-in-fuelcell-energy-fcel-can-the-stock-really-move-this-high

Subsea7 Secures New Decommissioning Contract From Saudi Aramco

SUBCY's new contract with Aramco involves decommissioning of current subsea infrastructure and pipeline replacement work at the Abu Safah field.

https://www.zacks.com/stock/news/2383279/subsea7-secures-new-decommissioning-contract-from-saudi-aramco

Phillips 66 to Power San Francisco Refinery With Solar Energy

PSX partners with NEE to develop a new solar facility that should help its refinery in Rodeo, CA, reduce its grid power demand by almost 50%.

https://www.zacks.com/stock/news/2382382/phillips-66-to-power-san-francisco-refinery-with-solar-energy

Harbour Energy Confirms Large Gas Reserves in Norwegian Sea

Harbour Energy confirms a significant gas discovery in production license 211 CS, which is situated approximately 270 kilometres north of Kristiansund.

https://www.zacks.com/stock/news/2382217/harbour-energy-confirms-large-gas-reserves-in-norwegian-sea

FuelCell Energy Announces Fourth Quarter and Fiscal Year 2024 Results Conference Call on December 19, 2024 at 10 A.M. Eastern Time

DANBURY, Conn., Dec. 11, 2024 ( GLOBE NEWSWIRE ) -- FuelCell Energy, Inc. ( NASDAQ: FCEL ) -- announced the upcoming release of its fourth quarter and fiscal year 2024 results prior to the Stock Market Open on Thursday, December 19, 2024.

https://www.globenewswire.com/news-release/2024/12/11/2995331/8041/en/FuelCell-Energy-Announces-Fourth-Quarter-and-Fiscal-Year-2024-Results-Conference-Call-on-December-19-2024-at-10-A-M-Eastern-Time.html

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FuelCell Energy Price History

02.11.2024 - FCEL Stock was down 9.1%

• Wall Street analysts' optimistic forecast of a potential 176.73% rise in FCEL's stock price could have raised unrealistic expectations among investors, resulting in a sell-off when this surge did not occur.
• Galp Energia's decision to abandon its lithium refinery project might have adversely affected FCEL, hinting at potential difficulties in the lithium market crucial for fuel cell technology.
• The positive developments regarding Iberdrola's offshore wind project could have shifted focus towards renewable energy firms like Iberdrola, detracting attention from FCEL and contributing to its bearish performance today.

06.11.2024 - FCEL Stock was down 6.2%

• The partnership between SLB, Linde, and Aramco to develop a new carbon capture project could have shifted investor focus towards cleaner energy solutions, potentially impacting FCEL negatively.
• Positive results from Galp Energia's appraisal well and Crescent Energy's acquisition news may have diverted investor attention away from FCEL, contributing to the bearish movement.
• ExxonMobil's plan to sell its fuel stations in Singapore to refocus on growth areas might have signaled a shift in the energy sector, leading to a broader negative sentiment towards FCEL.
• Equinor's launch of an open season for low-carbon hydrogen buyers could have highlighted the increasing importance of sustainable energy sources, potentially overshadowing FCEL's market position and contributing to the bearish movement.

03.11.2024 - FCEL Stock was down 5.6%

• FuelCell Energy (FCEL) experienced a strong bearish movement today, possibly influenced by the lack of positive news or developments within the company itself.
• The news about NextEra Energy Partners (NEP) moving higher might have diverted investor attention away from FCEL, leading to a decrease in its stock price.
• Additionally, with Ecopetrol planning to build Latin America's largest green hydrogen plant, investors may have shifted focus towards companies involved in renewable energy, causing a negative impact on FCEL.
• The cancellation of the lithium refinery project by GLPEY and Iberdrola's progress in the offshore wind project could have further highlighted the importance of sustainable energy sources, potentially overshadowing FCEL's performance in the market.

03.11.2024 - FCEL Stock was down 5.6%

• Positive developments within green energy industry led by companies like NextEra Energy Partners (NEP) and plans for a green hydrogen plant could have diverted attention from traditional energy companies such as FuelCell Energy (FCEL).
• Recent actions including Petrobras transferring its minority stake in the Tartaruga field and GLPEY canceling its lithium refinery project might have contributed to a negative sentiment towards energy-related stocks as a whole, impacting FCEL's performance.
• Iberdrola's advancements in securing ABL for services on a German offshore wind project showcase the increasing competition in the renewable energy sector, potentially overshadowing companies like FuelCell Energy focusing on other forms of clean energy.

10.11.2024 - FCEL Stock was down 7.2%

• The decline in FCEL's stock price could be linked to positive developments in the energy sector, with other companies like Chevron, Equinor, and Petrofac making notable progress and changes in their operations.
• Investors may have shifted their focus to well-established energy firms following the collaboration between SLB, Linde, and Aramco on a new carbon capture initiative, possibly causing a sell-off in FCEL.
• The positive outcomes achieved by Galp Energia in Namibia's Orange Basin might have drawn attention away from FuelCell Energy, impacting its stock negatively.
• The bearish movement in FCEL today could be a reflection of changing investor sentiment towards more conventional energy companies and projects, resulting in a decline in FCEL's stock performance.

13.11.2024 - FCEL Stock was down 10.9%

• The stock of FuelCell Energy (FCEL) had a bearish movement despite a positive outlook from analysts foreseeing significant upside potential.
• The news of a new decommissioning contract secured by Subsea7 from Saudi Aramco could have diverted investor attention from FCEL, affecting its stock price negatively.
• Moreover, concerns about the competitive landscape for traditional energy sources like those utilized by FuelCell Energy may have arisen following the partnership between Phillips 66 and NEE to power a refinery with solar energy.
• Investors may be adopting a cautious stance in the market as they await FuelCell Energy's fourth-quarter and fiscal year 2024 results conference call scheduled for December 19, 2024, seeking further insights into the company's performance.

11.11.2024 - FCEL Stock was up 22.0%

• FuelCell Energy announced its upcoming fourth quarter and fiscal year 2024 results conference call, generating positive anticipation and investor interest.
• The expectation of beating earnings estimates added to the positive sentiment surrounding FuelCell Energy, contributing to the bullish movement.
• The tragic incident at Eni's Calenzano fuel depot in Italy did not directly impact FuelCell Energy's stock, allowing it to focus on its own positive developments.
• Overall, the combination of upcoming earnings release and positive market expectations propelled FuelCell Energy's stock higher today.

11.11.2024 - FCEL Stock was up 11.2%

• The partnership between Phillips 66 and NEE to power a refinery with solar energy could have positively impacted FCEL's stock, as it highlights the growing trend towards renewable energy sources.
• The announcement of FuelCell Energy's upcoming earnings report may have generated investor optimism and anticipation, contributing to the bullish movement.
• The news of a significant gas discovery by Harbour Energy in the Norwegian Sea might have also boosted FCEL, as it indicates a continued focus on energy exploration and potential future collaborations in the sector.
• The unfortunate incident at Eni's fuel depot in Italy, resulting in a deadly fire, could have indirectly underscored the importance of safety and reliability in the energy industry, potentially increasing interest in companies like FuelCell Energy that prioritize sustainable solutions.

04.11.2024 - FCEL Stock was down 5.0%

• FuelCell Energy (FCEL) saw a downward trend, possibly attributed to profit-taking following recent gains.
• The launch of an Open Season for low-carbon hydrogen buyers by Equinor might have diverted investor attention to other hydrogen companies, impacting FCEL negatively.
• Concerns about the future of traditional fuel companies arose following the potential $1 billion deal by ExxonMobil to sell its fuel stations in Singapore, influencing FCEL's stock performance.
• The announcement of Ecopetrol's initiative to construct Latin America's largest green hydrogen plant possibly overshadowed FCEL's presence in the renewable energy sector, contributing to a bearish market sentiment.

05.11.2024 - FCEL Stock was up 5.2%

• FCEL's positive stock movement could be linked to the overall optimism in the renewable energy sector. Other companies such as Crescent Energy, Equinor, and Ecopetrol have also been making significant advances in green energy projects.
• The potential divestment of assets in traditional fuel stations by companies like ExxonMobil might have further contributed to the positive trend in FCEL's stock, with investors potentially showing more interest in renewable energy firms.
• The recent price surge of NextEra Energy Partners could have influenced the positive market sentiment towards renewable energy stocks like FCEL, indicating a broader strength in the sector.
• Various energy companies focusing on low-carbon hydrogen projects could have had a ripple effect in the market, benefiting FCEL's stock price due to its involvement in clean energy solutions.

11.11.2024 - FCEL Stock was up 6.5%

• The confirmation of a significant gas discovery in the Norwegian Sea could have positively impacted FCEL's stock due to its presence in the energy sector.
• The upcoming release of FuelCell Energy's fourth-quarter and fiscal year 2024 results might have generated optimism among investors, contributing to the bullish movement.
• A recent incident at a fuel depot in Italy may have highlighted the importance of safety measures in the energy industry, potentially leading investors to favor companies with strong safety records like FuelCell Energy.
• A long-term LNG supply agreement between Chevron and Sembcorp could have signaled a growing demand for clean energy sources, benefiting companies like FuelCell Energy operating in the renewable energy sector.

09.11.2024 - FCEL Stock was up 5.5%

• The bullish movement in FCEL could be attributed to the positive results delivered by Galp Energia's Mopane 1A Appraisal Well, indicating potential growth opportunities in the energy sector.
• The partnership between SLB, Linde, and Aramco to develop a new carbon capture project might have also boosted investor confidence in clean energy initiatives, benefiting companies like FuelCell Energy.
• Additionally, Crescent Energy's strategic acquisition in the Eagle Ford Basin could have created a ripple effect in the energy industry, leading to increased optimism and investment in related companies like FCEL.
• Overall, the focus on sustainable energy solutions and expansion efforts within the sector, coupled with potential growth opportunities, likely contributed to the bullish movement in FuelCell Energy's stock today.