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What Investors Can Expect from Renewable Energy Companies

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Jan. 19 2016, Updated 7:58 a.m. ET

Moving averages

As of January 15, 2016, FuelCell Energy (FCEL) was trading 44.4% below its 100-day moving average. In comparison, SolarCity (SCTY) was trading 15% above its 100-day moving average as of the same day. As of December 15, 2015, SolarCity was actually trading 5% below its 100-day moving average in December. The stock spiked by ~100% to $53 from its lows during November. Currently, it’s trading at $35.2.

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Meanwhile, as of January 15, 2016, Plug Power (PLUG) was trading 19.5% below its 100-day moving average. EnerSys (ENS) was trading 9% below its 100-day moving average as of the same day. The Guggenheim Solar ETF (TAN) and the VanEck Vectors Global Alternate Energy ETF (GEX) were trading 19% and 10%, respectively, below their 100-day moving averages. Meanwhile, the PowerShares WilderHill Clean Energy ETF (PBW) was trading 13% below its 100-day moving average as of the same day.

As of January 15, FuelCell was trading 7% below its 20-day moving average. In comparison, SolarCity was trading 28.4% below its 20-day moving average.

Notably, Plug Power and EnerSys stocks fell by 21% and 6%, respectively, on a month-to-date basis. FuelCell Energy’s stock fell 1%.

Wall Street analysts’ consensus estimates

Wall Street analysts’ consensus estimates suggest a whopping 112% upside for these four renewable energy companies. Over the next 12 months, FuelCell Energy and Plug Power could see rises of 238% and 85%, respectively, from their levels as of January 15. EnerSys could see a 31% rise. SolarCity could see a 93% rise over the next 12 months.

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