FuelCell Energy Inc (FCEL)

[hopester]

B.Riley says the stock still way head of its value
That means according to the article that even those contracts assumed to be paid for this year along with new contracts assumed to come are are pure speculation and wouldn't change the downward direction of sh/px

https://ih.advfn.com/stock-market/NASDAQ/fuelcell-energy-FCEL/stock-news/85356195/fuelcell-catalysts-still-a-while-away.

The chart below shows that the stock closed below the 50day MA and the indicators are weakening.
While the stock is now Oversold ( Williams%r indicator)it can become More Oversold as it weakens further.
View some past Oversold Conditions, where the stock continued down and became more Oversold.
The article and the chart suggest Lower prices ahead. The lowering of px targets, coupled with the SELLS by the professionals are aligned. HOLDS are not BUY recommendations.
Look for a possibly $8.00 sh/px.
Accept only DD by the pros. Dismiss the notion of manipulation being the cause of the coming drop. It's Valuation, Valuation, Valuation. Nothing else! ZERO Fundamentals and factless assumptions masked as DD, won't change it.


https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=fcel&time=8&startdate=1%2F4%2F1999&enddate=6%2F15%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=50&uf=8&lf=4&lf2=2&lf3=256&type=2&style=320&size=2&x=59&y=12&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10