FuelCell Energy Inc. (NASDAQ: FCEL) is scheduled to report fourth-quarter earnings before the opening bell Jan. 21.

A Snapshot Of FuelCell Ahead Of The Print: Shareholders of the hydrogen stock have have enjoyed an impressive run over the last two months.

From Nov. 13, 2020 through Jan. 13, the climbed over 634% as investors gained excitement for the alternative energy sector following Joe Biden’s presidential election win.

Similar companies in the sector such as Ballard Power Systems Inc. (NASDAQ: BLDP) and Plug Power Inc. (NASDAQ: PLUG) saw similar rallies during the same time frame.

All three stocks took a downturn during Wednesday’s session after Paul Coster, a JPMorgan analyst, downgraded FuelCell to Underweight with a $10 price target.

Why It Matters: FuelCell has strengthened its balance

Read More At Article Source | Article Attribution