FuelCell (FCEL) Stock Recent Price Move Signals More Downside Possible

There are certain stocks that polarise opinions among investors. Some talk up the virtues of the company while others oppose the company’s business quite strongly.

The hydrogen fuel cell company FuelCell Energy (NASDAQ: FCEL) is one such stock and has been the subject of heated arguments on many social media platforms among investors. As a matter of fact, it can also be argued that a polarised debate of that nature is present about the hydrogen fuel space at large.

In recent times, the FuelCell stock has had a pretty volatile rise up the charts. However, at the same time, it is also necessary for investors to look at the company’s financial situation before making up their minds about the stock. In the first quarter of this year, the company suffered a loss of as much as $46.8 million and that was worse than the $41.1 million loss in the year-ago period. There may be promise in the hydrogen fuel sector but the latest financial performance may give some investors pause.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.

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