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Renewable Energy Stocks Trade below 100-Day Moving Averages

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Jan. 26 2016, Published 9:21 a.m. ET

100-day moving average

FuelCell Energy (FCEL) is trading 42% below its 100-day moving average, as of yesterday’s close. In comparison, SolarCity (SCTY) is trading 25% below its 100-day moving average. As of December 15, 2015, SolarCity was actually trading just 5% below its 100-day moving average in December, as the stock spiked by ~100% to $53 from its lows during November. Currently, it’s trading at $30.62.

Meanwhile, Plug Power (PLUG) is trading 15% below its 100-day moving average, and EnerSys (ENS) is trading 17% below its 100-day moving average. The Guggenheim Solar ETF (TAN) and the VanEck Vectors Global Alternative Energy ETF (GEX) are trading 18% and 10%, respectively, below their 100-day moving averages. Meanwhile, the PowerShares WilderHill Clean Energy Portfolio (PBW) is trading 12.1% below its 100-day moving average.

FuelCell Energy is also trading 5.6% below its 20-day moving average. In comparison, SolarCity is trading 30% below its 20-day moving average.

Notably, Plug Power and EnerSys have fallen by 17% and 14.4%, respectively, so far this month. FuelCell Energy’s stock has risen by 1.8%.

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Wall Street analysts’ consensus estimates

Wall Street analysts’ consensus estimates suggest a whopping 161% upside for these four renewable energy companies. Over the next 12 months, FuelCell Energy and Plug Power could see rises of 230% and 76%, respectively, from their levels. EnerSys could see a 31% rise, and SolarCity could see a 119% rise over the next 12 months.

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