Anonymous
Is Fuelcell Energy stock a good buy? (NASDAQ: FCEL) They've been growing rapidly recently, wondering if hydrogen energy would be the way to go?
Especially since Biden will likely promote green stocks, feel like it might be a good buy. Anyone has any input? Please feel free to share thank you!
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Wz
20 Dec 2020
Slaving at Public Sector
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As a previous long for Fuelcell Energy, I think that though it is a good play on the sustainable / alternate energy segment, I will not categorise it as a 100% "BUY" at this moment.
I opened a position back when it was just at $2-$3, and sold it off at around $8 last month (Nov) because I do not feel that it has enough "energy" to push pass double digit.
I may be wrong, since from recent price movements it seems to be inching closer and closer tothat $10.
Some stats, based on what I can recall:
Annual Sales of close competitor (Plug) is 4x of Fuel
Annual Net Loss is around the same
The recent meteoric rise of energy stocks are probably due to Tesla and election, and without new catalyst/rumours I am unsure of how sustainable the surge can be.