What’s Next For FuelCell Energy Stock After 6% Rise Last Week?

What’s Next For FuelCell Energy Stock After 6% Rise Last Week?

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 risen by 6. 4% over the last week (five trading days), compared to the S&P 500 which was up 0. 6% over the same period. The stock also remains up by about 12% over the last month (about 21 trading days). The recent gains come as FuelCell posted a smaller than anticipated loss for Q3 2021, with its gross margins turning positive after several consecutive quarters in the red. FuelCell also posted better than expected year-over-year sales growth of 43%, driven by more service agreements and licensing revenues as well as stronger power generation sales. Now, is FCEL stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last ten years, there is a 55% chance of a decline in FCEL stock over the next month (twenty-one trading days). See our analysis on FuelCell Energy Chance Of Decline for more details. Looking for more details on FuelCell Energy's financial performance in recent years? Check out our dashboards on FuelCell Energy Revenue for more details. The stock price