Buzzing Renewable Energy Name Gears Up For Earnings

FCEL is up over 600% year-over-year

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Alternative energy company FuelCell Energy, Inc. (NASDAQ:FCEL) will step into the earnings confessional before market opens on Thursday, Jan. 21. The renewable energy stock has been red-hot in the last six months, but hasn't fared so well in the earnings confessional over the past 12 months. This has resulted in post-earnings drops of17.5% back in September, and a more modest dip of 3.5% back in June. For the upcoming earnings report on the fourth quarter of 2020, analysts expect that FCEL will report -$0.04 per share

FCEL has tacked on 607% in the last 12 months. That is not a misprint. Along the way, the shares' ascending 20-day moving average has contained pullbacks. Yet despite the torrid pace, all six analysts maintain "hold" or "strong sell" ratings on the stock. Should FCEL score a post-earnings pop, it could draw a round of bullish analyst attention. 

FCEL stock chart

Overall, FuelCell is still lacking what it times to be an ideal value investment at this time. The company has reported a trend of decreasing annual revenue and continues to pile on to its net losses. FuelCell has lost over $30 million in revenue since 2017, bringing its top line total to just $64.9 million over the past 12 months. To summarize, FCEL has a long way to go before it can justify its current $5.1 billion market cap.

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