FuelCell Energy (NASDAQ:FCEL), which is a top developer of hydrogen-fuel systems, has been one of Wall Street’s darlings lately. Since late October, FCEL stock has surged from $2 to $23. Its market capitalization is now $7.4 billion. Source: Kaca Skokanova/Shutterstock Of course, the overall fuel-cell sector has been on fire. Just look at other players
Stocks to sell
Airbnb (NASDAQ: ABNB) had a successful IPO debut on Dec. 10, amid uncertainty for the global travel industry during the pandemic. It is too early for Airbnb to prove if the enthusiasm about its stock is justified. The company has not yet released its first earnings report since it went public. But focusing on logic
FuelCell’s (NASDAQ:FCEL) fourth-quarter results were very disappointing and revealed that FCEL stock is tremendously overvalued. With most Wall Street analysts having negative outlooks on the company and its growth still weak, I believe that the stock is bound to drop sharply over the longer term. Source: Kaca Skokanova/Shutterstock Euphoria about alternative fuels in general, and
On Wednesday, Jan. 27, President Joe Biden issued a slate of new executive orders aimed at addressing climate change. The actions freeze new oil and gas leases on public lands and put Exxon Mobil (NYSE:XOM) stock in an awkward position. Source: Harry Green / Shutterstock.com As the largest of the world’s eight “oil-majors,” Exxon has long
Putting it simply, it looks to be too late to dive into Pershing Square Tontine (NYSE:PSTH) stock. Sure, the special purpose acquisition company (SPAC) has yet to announce its merger partner. But, shares today are priced as if a deal’s already been announced. With so much hype priced-in, PSTH stock at today’s prices (around $26
Electric vehicle (EV) companies entered 2021 running hot, with their stocks sporting massive gains. However, one name that has so far failed to win over Wall Street is Nikola (NASDAQ:NKLA). NKLA stock has been doing better lately, but still remains 78% off its June highs. Source: Stephanie L Sanchez / Shutterstock.com The truth is, Nikola
In recent months the crypto market has been in an aggressive bull market with the occasional, but ordinary bump in the road. Still and for investors wanting exposure to this emerging asset class with altcoin Ripple (CCC:XRP), you may want to appreciate the critical difference between low prices and low hanging fruit worth biting into.
For even the most bullish investor in the electric vehicle sector, it’s difficult to make a case for Nikola Corp. (NASDAQ:NKLA). Yes, founder Trevor Milton is gone after committing some pretty horrible acts that allegedly defrauded investors in NKLA stock, that doesn’t mean investors feel safe. Source: Stephanie L Sanchez / Shutterstock.com As documented in
Pershing Square Tontine Holdings Ltd (NYSE:PSTH) is now typical of larger speculative special purpose acquisition companies (SPACs) that have risen solely on speculative fever. This is indicative of a frothy market, at least in regards to PSTH stock. Source: Pasuwan/ShutterStock.com This is because it’s at a 45% premium to its inherent $20 redemption price in less
Even among other Big Tech darlings, shares in PayPal (NASDAQ:PYPL) have performed very well in the past few months. PayPal stock is up more than 37% since November. To some extent, this is due to its exposure to the cryptocurrency megatrend. This may be a reason for concern, with bitcoin (CCC:BTC) and other major cryptos
Since late October, Boeing (NYSE:BA) stock has definitely been in the bull mode. Source: vaalaa / Shutterstock.com The BA stock price is up almost 40%, versus a 24.4% gain in the iShares U.S. Aerospace & Defense ETF (BATS:ITA), which has Boeing shares as its largest holding of the 37 stocks in the portfolio. The price
Over the past month, we have seen unprecedented political events, such as the permanent ban of former President Donald Trump from both Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR). That’s called into question the role of social media in modern democracy. But the markets do not exist in a vacuum. So, these developments should also have investors
In recent months, the surging interest in clean energy, electric vehicle, and battery electric stocks sent FuelCell Energy (NASDAQ:FCEL) to highs not seen since 2018. With no value or profitability, markets are turning a blind eye on fundamentals. FCEL stock is a perfect example. Source: Kaca Skokanova/Shutterstock FCEL stock has only positive momentum and decent
Ocugen (NASDAQ:OCGN) is a biotech firm that is trying to stay relevant with its latest partnership with an Indian Covid-19 vaccine developer, Bharat Biotech. OCGN stock has risen from well below $1.00 per share at the end of last year to $2.23, as of Jan. 20. Source: Shutterstock The problem is this is a very
Advanced Micro Devices (NASDAQ:AMD) is simply too highly-priced for most value investors. This is despite the buy recommendations on AMD stock that most analysts presently hold. Source: Casimiro PT / Shutterstock.com The bottom line is that at $89.45 per share as of Jan. 19, AMD traded for 49 times 2021 earnings and over 8.7 times sales. That
QuantumScape (NYSE:QS) stock doesn’t rise and fall. It gyrates as if it were dancing in a darkly lit nightclub after having a few too many cocktails. Source: Tada Images / Shutterstock.com While the world suffered through 2020, QuantumScape stock went on a tear in the fourth quarter, gaining more than 600%. Then QuantumScape gave back
The change of year and Administration hasn’t popped the electric vehicle bubble. Nio (NYSE:NIO) stock’s 21% gain since the start of 2021 is proof. Source: Andy Feng / Shutterstock.com The Chinese government-backed alternative to Tesla (NASDAQ:TSLA) sports a market capitalization of about $90 billion on estimated revenue of under $2.5 billion. With the near 22% year-to-date
Recently, two prominent Wall Street firms soured on Palantir Technologies (NYSE:PLTR). What’s more, there is an additional red flag that’s come up in my analysis aof the company. As such, I continue to recommend that longer-term investors sell their shares of PLTR stock. Source: rblfmr / Shutterstock.com Over the last month, Citi and Credit Suisse
Palantir Technologies (NASDAQ:PLTR) stock is quirky. So is the Denver-based software company. Source: Sundry Photography / Shutterstock.com Investors who march to the beat of their drummer, the type of people who create their fashion trends much to the horror of their friends and family, might be tempted to buy PLTR stock to prove the naysayers wrong.
Over the long-term, being bullish is the way to go. However, that doesn’t mean investors should buy anything and everything at any price. DoorDash (NYSE:DASH) is a great example of that concept. While DoorDash stock isn’t the worst in the world, investors can do much better. Source: Sundry Photography / Shutterstock.com The business is benefiting
With the outlook of QuantumScape’s (NYSE:QS) batteries becoming more uncertain and risky, I recommend that investors sell QS stock. At their current levels, the shares have a negative risk-reward ratio. Source: Shutterstock The company is developing solid-state batteries for use in electric vehicles. Currently, most EVs use lithium-ion batteries. In the last few weeks, an
FuboTV’s (NYSE:FUBO) value for most consumers is questionable, making the longer-term outlook of FUBO stock appear to be negative. Source: Lori Butcher/ShutterStock.com fuboTV has two main problems. First, it does not appear to be meaningfully cheaper than traditional paid TV options, including cable satellite, and Fios from Verizon (NYSE:VZ) or Frontier (OTC:FTRCQ). Secondly, Fubo’s biggest
As much as I’m not a fan of Golden Nugget Online Gaming (NASDAQ:GNOG) Chief Executive Officer Tilman Fertitta, I will give the billionaire credit. GNOG stock is one of the few special purpose acquisition company (SPAC) mergers that generates an operating profit. Source: rawf8/Shutterstock.com In recent years, initial public offerings have become synonymous with money-losing
What lies ahead for Carnival (NYSE:CCL) stock? The cruise-line operator remains in limbo, as the Covid-19 pandemic continues. On Jan. 6, the company announced that it was extending the moratorium on cruise ships sailing from the U.S. until March 31. Source: Ruth Peterkin / Shutterstock.com Back in November, Carnival’s shares rallied on game-changing vaccine news.
Luminar Technologies (NASDAQ:LAZR) is another stock that went public in December 2020 in this SPAC trend. Is the future of transportation autonomous driving? And does this make LAZR stock a buy? Source: Olivier Le Moal / Shutterstock.com The vision of Luminar is too bold. “Luminar’s vision is to make autonomous transportation safe and ubiquitous.” About
I’ll admit it: I’ve been wrong about Xpeng (NYSE:XPEV) so far. After last year’s initial public offering, I remained a skeptic. Yet XPEV stock has soared. Source: Johnnie Rik / Shutterstock.com Indeed, XPEV stock now has rallied over 350% from its initial public offering price of $15 per ADR (American Depositary Receipt). It’s more than
Last year’s rumors that Alibaba (NYSE:BABA) wouldn’t be hurt too much after a controversy between Jack Ma and the Chinese government may have been too optimistic. With speculation over founder Jack Ma’s whereabouts and rumors of a Chinese nationalization, BABA stock investors have been nervously riding things out for the past month. Source: zhu difeng
Ideanomics (NASDAQ:IDEX) stock seems like a potentially huge winner. After all, Ideanomics has positioned itself to grow in both the blockchain and electric vehicle industries. Source: Wright Studio / Shutterstock.com I’m as big a bull on those two sectors as anyone. And so you might expect I’d be a bull on IDEX stock as well.
I get why investors have aggressively bid up “clean energy” stocks like FuelCell Energy (NASDAQ:FCEL). With the incoming President much more favorable to “green” policies than his predecessor, we could see this growing sector and FCEL stock benefit from federal support as well as policy changes. Plus, the business community is continuing to pivot towards
Last month’s malfunction of a Virgin Galactic (NYSE:SPCE) space vehicle made me meaningfully more bearish on SPCE stock. Given the high risks facing the company and the shares’ elevated valuation, I continue to recommend that investors sell the shares. Source: Tun Pichitanon / Shutterstock.com In a column last March, I warned that “it’s impossible to