Should You Buy FuelCell Energy Stock After 40% Increase Last Week?

Should You Buy FuelCell Energy Stock After 40% Increase Last Week?

Share to Linkedin The stock price of FuelCell Energy (NASDAQ: FCEL), a company that designs, manufactures, and operates fuel cell power plants that work on natural gas or biogas, has seen its stock rally by about 41% over the last five trading days, although it remains down by about -31% over the last month (21 trading days). In comparison, the S&P 500 is up about 3% over the last week. Although there weren't too many specific developments relating to the company over the last week, investors likely bought into the stock following the recent correction and also due to anticipation surrounding its quarterly earnings which are due shortly. More broadly, renewable energy stocks have been in favor with investors, driven by expectations of a favorable regulatory environment, with Democrats holding control of both the White House, the House of Representatives, and the Senate. So will FuelCell Energy stock fall following these solid gains or is it likely to rally further? FCEL stock has a 53% chance of a decline over the next month after rising by about 41% over the last five trading days, per our Machine Learning Engine, which analyzes five years of stock price data. See our dashboard