Quotidian Technical Highlights on Selected Utilities Stocks -- FuelCell Energy, TerraForm Power, TerraForm Global, and Pattern Energy
NEW YORK, Dec. 04, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on FCEL, TERP, GLBL, and PEGI which is a click away at www.wallstequities.com/registration. This morning, WallStEquities.com scans FuelCell Energy Inc. (NASDAQ: FCEL), TerraForm Power Inc. (NASDAQ: TERP), TerraForm Global Inc. (NASDAQ: GLBL), and Pattern Energy Group Inc. (NASDAQ: PEGI). These stocks are part of the Diversified Utilities industry, which consists of companies that provide consumers and businesses with electricity, natural gas, and water. Most of these firms are government-sanctioned monopolies. They operate without competition in their main service areas. Wall St. Equities has a wide array of free research reports which include today's stock picks, register now to access them at: www.wallstequities.com/registration
FuelCell Energy
Danbury, Connecticut headquartered FuelCell Energy Inc.'s shares recorded a trading volume of 2.09 million shares last Friday. The stock finished the trading session 1.17% lower at $1.69. The Company's shares have gained 5.62% over the previous three months. The stock is trading above its 200-day moving average by 11.45%. Furthermore, shares of FuelCell Energy, which together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation, have a Relative Strength Index (RSI) of 40.45.
On November 30th, 2017, FuelCell Energy announced the execution of a hydrogen and power off-take agreement with Toyota, outlining an innovative collaboration in which the latter will purchase renewable hydrogen for vehicle fueling generated on-site from a multi-megawatt SureSourceTM fuel cell power plant located at the Port of Long Beach in California. This fuel cell solution meets Toyota's fueling needs affordably and sustainably, while supporting the advancement of California's hydrogen fueling infrastructure and adhering to the state's mandate for utilizing low-carbon and renewable sources. Follow the link below to your free research report on FCEL at: www.wallstequities.com/registration/?symbol=FCEL
TerraForm Power
On Friday, Bethesda, Maryland headquartered TerraForm Power Inc.'s stock ended the session 2.81% lower at $11.74. A total volume of 479,235 shares was traded. The Company's shares have gained 2.23% over the previous three months and 10.13% on an YTD basis. The stock is trading 8.30% above its 200-day moving average. Moreover, shares of TerraForm Power have an RSI of 40.26.
On November 27th, 2017, research firm Goldman resumed its 'Neutral' rating on the Company's stock, with a target price of $13 per share.
On November 28th, 2017, TerraForm Power announced that its indirect subsidiary, TerraForm Power Operating, LLC, priced an aggregate of $1.2 billion aggregate principal amount of senior notes (the "Offering") in connection with its previously announced private transaction. The Offering is comprised of $500 million of 4.25% senior notes due 2023 at an initial offering price of 100% of the principal amount and $700 million of 5.00% senior notes due 2028 at an initial offering price of 100% of the principal amount. The free technical report on TERP can be accessed at: www.wallstequities.com/registration/?symbol=TERP
TerraForm Global
Bethesda, Maryland headquartered TerraForm Global Inc.'s stock ended the day 1.06% lower at $4.65 with a total trading volume of 728,755 shares. The Company's shares have gained 17.72% on an YTD basis. The stock is trading 3.74% below its 50-day moving average. Additionally, shares of TerraForm Global, which together with its subsidiaries, owns and operates renewable energy power plants, have an RSI of 35.27.
On November 08th, 2017, TerraForm Global reported its financial results for the quarter ended September 30th, 2017. Revenue for Q3 2017 was $67 million, net loss was $(37) million, adjusted EBITDA was $47 million, and cash available for distribution was $(3) million. Unrestricted cash at end of period was $632 million. Sign up for free on Wall St. Equities and claim the latest report on GLBL at: www.wallstequities.com/registration/?symbol=GLBL
Pattern Energy Group
Shares in San Francisco, California headquartered Pattern Energy Group Inc. recorded a trading volume of 1.27 million shares, which was above their three months average volume of 933,600 shares. The stock ended Friday's session 2.75% lower at $21.92. The Company's shares have gained 15.43% since the start of this year. The stock is trading below its 200-day moving average by 4.52%. Furthermore, shares of the Company, which operates as an independent power company that owns and operates power projects in the US, Canada, and Chile, have an RSI of 44.73.
On November 09th, 2017, Pattern Energy Group declared an increased dividend for Q4 2017, payable on January 31st, 2018 to holders of record on December 29th, 2017, in the amount of $0.422 per Class A common share, which represents $1.69 on an annualized basis. See the free research coverage on PEGI at: www.wallstequities.com/registration/?symbol=PEGI
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