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Analyst Estimates Suggest Upsides for Renewable Energy Companies

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Jan. 4 2016, Updated 1:29 p.m. ET

Moving averages

FuelCell Energy (FCEL) is trading 46.5% below its 100-day moving average. SolarCity (SCTY) is trading 22.3% above its 100-day moving average as of December 31, 2015. As of December 15, SolarCity is trading 5% below its 100-day moving average. The stock spiked by approximately 62% on a monthly basis as of December 31. Also, Plug Power (PLUG) is trading 1% above its 100-day moving average while EnerSys (ENS) is trading 2.9% below its respective 100-day moving average.

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FuelCell is trading 20% below its 20-day moving average. In contrast, SolarCity is trading 11.5% above its 20-day moving average. The Guggenheim Solar ETF (TAN) and the VanEck Vectors Global Alternate Energy ETF (GEX) are trading 4% and 3.9% above their respective 100-day moving averages. The PowerShares WilderHill Clean Energy ETF (PBW) is trading 3.2% above its 100-day moving average.

Power Plug and EnerSys returned 15% and 4%, respectively, in the last three months. FuelCell Energy fell by 44%.

Wall Street analysts’ consensus estimates

Wall Street analysts’ consensus estimates suggest an 84% upside for these four renewable energy companies. Over the next 12 months, FuelCell Energy and Plug Power could see rises of 236% and 46%, respectively, from their levels as of December 31. EnerSys could see a 23% rise while SolarCity could see a 31.6% rise over the next 12 months.

SolarCity has a 4.7% weight in the Guggenheim Solar ETF (TAN). In addition, EnerSys accounts for 4.2% of the VanEck Vectors Global Alt Energy ETF (GEX). Finally, SolarCity has a 1.8% weight in the PowerShares WilderHill Clean Energy ETF (PBW).

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