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Fuel cell stocks spiked on volume in Wednesday’s after-hours session as President Biden suggested the benefits of investing in clean energy infrastructure.
With names in clean energy manufacturing in the spotlight once again, here are the latest earnings results and analyst rating updates for FuelCell Energy Inc (NASDAQ:FCEL) and Plug Power Inc (NASDAQ:PLUG).
Companies around the world are shifting gears towards clean technology to adhere to more sustainable business practices. Check out Benzinga's Cleantech Small Cap Conference on April 22 to learn more!
Northcoast Research initiated coverage this week on Plug Power with a Neutral rating.
Plug Power lost 5 cents per share in the fourth quarter, compared to a 6-cent per share loss in the year-ago quarter. The clean energy manufacturing company has a 52-week-high of $75.49 and a 52-week-low of $3.22.
Here are Plug Power’s analyst rating updates for 2021:
Date |
Research Firm |
Action |
Current |
PT |
3/30/21 |
Northcoast Research |
Initiates Coverage On |
Neutral |
n/a |
3/17/21 |
Craig-Hallum |
Maintains |
Buy |
49.0 |
3/17/21 |
Truist Securities |
Downgrades |
Hold |
42.0 |
3/02/21 |
Barclays |
Downgrades |
Underweight |
29.0 |
3/01/21 |
Roth Capital |
Reiterates |
Buy |
65.0 |
3/01/21 |
JP Morgan |
Upgrades |
Overweight |
65.0 |
2/03/21 |
Bernstein |
Initiates Coverage On |
Outperform |
75.0 |
1/27/21 |
Piper Sandler |
Initiates Coverage On |
Neutral |
66.0 |
1/14/21 |
JP Morgan |
Initiates Coverage On |
Neutral |
60.0 |
1/13/21 |
HC Wainwright & Co. |
Maintains |
Buy |
85.0 |
Meanwhile, Northcoast Research initiated coverage on FuelCell with a Neutral rating.
For the first quarter, FuelCell Energy lost 6 cents per share. FuelCell lost 20 cents in the year-ago quarter. The stock has a 52-week-high of $29.44 and a 52-week-low of $1.26.
Here are FuelCell’s analyst rating updates for 2021:
Date |
Research Firm |
Action |
Current |
PT |
3/30/21 |
Northcoast Research |
Initiates Coverage On |
Neutral |
n/a |
1/14/21 |
JP Morgan |
Downgrades |
Underweight |
10.0 |
1/07/21 |
Jefferies |
Initiates Coverage On |
Hold |
11.0 |
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