Is FuelCell Energy Stock A Buy After Recent Drop?

Is FuelCell Energy Stock A Buy After Recent Drop?

The stock price of FuelCell Energy, a company that designs, manufactures, and operates fuel cell power plants that work on natural gas or biogas, has seen its stock decline by about 3% over the last five trading days and remains down by about 12% over the last month. In comparison, the S&P 500 is up about 1% over the last week. The decline comes after the U. S. Senate passed the $1 trillion-plus infrastructure bill. While the passage of the bill, which contains billions of dollars in fundings for fuel cell technologies, is apparently positive for FuelCell Energy, there might still be challenges before the bill becomes law. Considering this, investors were likely booking some profits in FuelCell stock, which rallied by about 20% in the days ahead of the bill's passage. So will FuelCell Energy stock fall further or is a recovery looking likely? FCEL stock has a 61% chance of a decline over the next month after falling by 12% over the last month, per the Trefis Machine Learning Engine, which analyzes historical stock price data. See our dashboard analysis FuelCell Energy Stock Chances Of Rise for more details. So, is FuelCell Energy stock a buy for the