FuelCell Energy(FCEL) continues to lose money
FuelCell Energy Inc(FCEL) currently trades at $1.55 and has fallen by 3% in the past 24 hours. Before the oil price plunge and the coronavirus crisis, FuelCell had more than its fair share of problems, but now the outlook of FuelCell stock has gotten a lot worse. The company’s products lacked a comparative advantage, as they’re neither cheaper nor greener than solar and battery combinations.
Based on this information, investorsQ rates this stock a 3 out of 10. We give it this rating because the company was losing money, and there were no signs that its business would meaningfully improve anytime soon. The high forecast for FuelCell Energy Inc is $2 and the low is $1.50. Notably, the company’s market cap is $327.00 million with a 52 week high of $4.44 and a 52 week low of $0.13.