|Bid||7.21 x 3000|
|Ask||7.21 x 3000|
|Day's range||7.11 - 7.79|
|52-week range||1.98 - 29.44|
|Beta (5Y monthly)||4.83|
|PE ratio (TTM)||N/A|
|Earnings date||19 Jan 2022 - 24 Jan 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||7.29|
The CEO of industrial giant Siemens threw cold water on the prospects for the hydrogen economy this week.
Enovix investors will be happy to hear that their stock was the only one of the three to also be "in the green" for Thursday, in particular, tacking on 1.6%. In the case of FuelCell, the fuel-cell industry's eponymous star owed its gains primarily to bullish pronouncements from one of its rivals, Plug Power, which announced last week that hydrogen fuel cells are getting so popular that it expects to record as much as $850 million in sales next year -- and more than triple that number by 2025. Investors are betting that what's good news for Plug will be good news for FuelCell, as well, which, at $3.1 billion in market capitalization, is far smaller than Plug and therefore has more room to grow.
Hydrogen fuel cell leader Plug Power (NASDAQ: PLUG) had a big week last week, announcing multiple corporate partnerships to manufacture fuel cell parts, pioneer fuel cell use in airplanes, and bring to market a hydrogen-powered fuel cell van. Plug's biggest news -- its prediction that revenues will leap to more than $800 million next year and more than triple that number over the following three years -- helped to raise analyst price targets and lift shares of Plug Power. It also sparked stock analyst initiations of peer fuel cell companies Ballard Power (NASDAQ: BLDP) and Bloom Energy (NYSE: BE) -- but not of FuelCell Energy (NASDAQ: FCEL).