FuelCell Stock Is Best Avoided Despite Recent Correction

FuelCell Stock Is Best Avoided Despite Recent Correction

FuelCell Energy stock, a company that designs, manufactures, and operates fuel cell power plants that work on natural gas or biogas, has declined by almost 26% over the last month, considerably underperforming the S&P 500 which remains up by about 2% over the same period. While Hydrogen stocks at large have underperformed recently due to the stalling of President Biden's Build Back Better plan, which had proposed to provide tax credits for hydrogen production, FuelCell also published disappointing earnings for Q4 2021. FuelCell's operating losses widened to $22. 5 million over the quarter and sales unexpectedly declined around 18% year-over-year to around $13. 9 million, due to lower service agreements and license revenue. Besides this, high-growth, high multiple stocks, in general, have also been weighed down by the prospect of rising interest rates through 2022. While FCEL stock may see lower levels going forward, it is helpful to see how its peers stack up. Check out FuelCell Energy Stock Comparison With Peers to see how FCEL stock compares against peers on metrics that matter. You can find more useful comparisons on Peer Comparisons. Calculation of 'Event Probability' and 'Chance of Rise' using last ten years data Below you'll find our