| What Do Analysts Estimate for Renewable Energy? | |
| | |
|
Analyzing 2015 Performance and 2016 Outlook for the Energy Sectors (Continued from Prior Part) Moving averages
FuelCell Energy (FCEL) is trading 44% below its 100-day moving average. SolarCity (SCTY) is trading 19% above its 100-day moving average as of December 29. As of December 15, SolarCity was trading 5% below its 100-day moving average. The stock spiked by 73% on a monthly basis as of December 28. Plug Power (PLUG) and EnerSys (ENS) are trading 7% above and 2% below their respective 100-day moving averages.
FuelCell is trading 25% below its 20-day moving average. In contrast, SolarCity is trading 16% above its 20-day moving average. ETFs like the Guggenheim Solar ETF (TAN) and the Market Vectors Global Alternate Energy ETF (GEX) are trading 5.3% and 3.7% above their respective 100-day moving averages. The PowerShares WilderHill Clean Energy ETF (PBW) is trading 9.3% above its 100-day moving average.
Power Plug and EnerSys returned 22.4% and 10.4% in the last three months. FuelCell Energy fell by 40.6%.
Wall Street analysts’ consensus estimates
Wall Street analysts’ consensus estimates suggest a 77% upside for these four renewable energy companies. Over the next 12 months, FuelCell Energy and Plug Power could see increases of 218% and 37.4%, respectively, from the levels as of December 29. EnerSys could see a 21% rise months while SolarCity could see a 33.5% rise over the next 12 months.
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.
Continue to Next Part Browse this series on Market Realist:
|
|