In this illustration is displayed on a smartphone's screen the company logo of FuelCell Energy, ... [+] Inc., which specialises in fuel cell power production, is shown on the screen of a smartphone in front of a blue backdrop of the global stock markets and worldwide indices in Frankfurt, Germany, on 12th June, 2020. It is one of the global companies that develops and manufactures hydrogen fuel cell stacks in the current alternative energy market. (Photo Illustration by Alexander Pohl/NurPhoto via Getty Images)
Fuelcell Energy Inc.
Earnings Preview:
Fuelcell is expected to report a loss of ($0.07)/share on $15.92 million in revenue. Meanwhile, the so-called Whisper number is a loss of ($0.03/share). The Whisper number is the Street's unofficial view on earnings.
A Closer Look At The Fundamentals:
Fundamentally, the company is focused on developing hydrogen energy which has a huge potential in the future. FuelCell Energy, Inc., together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company primarily operates in the United States, South Korea, England, and Germany. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
A Closer Look At The Technicals:
Technically, the stock broke out of a huge based on monstrous volume in November 2020. The stock was quiet for a very long time and then “woke up” back in Q4 2020 when we saw a tremendous amount of money flow into the stock. In the last few months, the stock soared nearly 10 fold and in the short-term is overdue to pullback.
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.