FuelCell Energy Inc (FCEL)

[hopester]

No doubt the stock closed very near the low of the day all while the market almost fully recoved from the low.
Volume was weak which shows a lack of buying support.
While still within the band of the $4.00 support level, witness the lower highs the last couple of weeks.
There is no convincing evidence the stock will move higher from here and some possibility it will break support. Nothing is clear except the trend with is still negative.
Shortly after the quarterly report was released, ZACK's downgraded its recommendation from BUY to HOLD.
I would expect other professional researchers are looking closely at a downgrade as well. There continues to be no BUYS among trusted analysts on the stock.
Analysts update their reports and where necessary whenever their is new information suggesting they should. There is no standard for waiting 12 months . In fact, if there are no changes at all , they'll reiterate every 6 monts. Witness ZACK's changing every week.
Investors may use a sole source for its investment decisions, but most use a consensus. Different analysts have different opinions. that's why there are BUYS-HOLDS-and SELLS. The take away is that their results show a clear record of accuracy.
Compare the records with those getting their research from other kinds of sources. Therein lies the tell tale.
With losses doubling year over quarter comparisons, while sales increased, demonstratwes sales is not the sole metric to be relied on. The quarterly report recently released in toto shows the full, thorough, unbiased facts.
And the market recognized it. If there's any debate to be had, have it with FCEL who released it.