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Clean Energy Companies’ Moving Averages and Analysts’ Estimates

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Dec. 16 2015, Updated 8:01 a.m. ET

Moving averages

Clean energy companies are trading 13% below their 100-day moving averages. FuelCell Energy (FCEL) is trading 43% below its 100-day moving average. SolarCity (SCTY) is trading 5% below its 100-day moving average as of December 15. Plug Power (PLUG) and EnerSys (ENS) are trading 2% and 2.5% below their respective 100-day moving averages.

FuelCell is trading 36% below its 20-day moving average. In contrast, SolarCity is trading 22% above its 20-day moving average. ETFs like the Guggenheim Solar ETF (TAN) and the VanEck Vectors Global Alternate Energy ETF (GEX) are trading 2.5% and 1.4% below their respective 100-day moving averages. The PowerShares WilderHill Clean Energy ETF (PBW) is trading 0.6% above its 100-day moving average.

Power Plug and EnerSys have returned 25.4% and 5.6% in last three months. FuelCell Energy and SolarCity fell by 49.5% and 18.2%, respectively.

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Wall Street analysts’ consensus estimates

Wall Street analysts’ consensus estimates suggest a 96% upside for these four renewable energy companies. Over the next 12 months, companies like FuelCell Energy and Plug Power could see increases of 279% and 46%, respectively, from the levels as of December 15. Below is a rundown of two other renewable energy companies and Wall Street analysts’ respective estimates for each company over the next 12 months.

  • EnerSys could see a 21% rise
  • SolarCity could see a 37% rise

The above chart shows the moving averages and target prices for these companies. In the next part, we’ll discuss these companies’ sales and gross profit growth.

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