Are These Recently Upgraded Stocks Worth An Investment? Alpha Natural Resources, Inc.(NYSE:ANR) and FuelCell Energy Inc(NASDAQ:FCEL)
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Alpha Natural Resources, Inc.(NYSE:ANR) saw its value decline by 0.52% during Friday’s trading as the stock fell two cents to close at $3.85. The stock remains just $0.75 above its 52 week low of $3.10. To contrast, the Virginia-based thermal and metallurgical coal company is situated $4.45 below its high of $8.30 for the same period.
Alpha Natural Resources reported its second quarter financial results on Aug. 6th. The company announced figures which included a $513 million net loss, which accounts for $2.32 per diluted share. These figures rather poorly to those recorded during the same period during the 2013 fiscal year: $186 million, or $0.84 diluted share. Nevertheless, on Aug. 7th, the company was upgraded from Sell to Neutral by UBS.
FuelCell Energy Inc(NASDAQ:FCEL) lost one cent during Friday’s trading, a 0.39% decrease in value that left the stock at a closing price of $2.53. The stock, which traded within a range of $2.46 to $2.59 during the day, remains $1.41 above its 52 week low of $1.12. The Connecticut-based stationary fuel cell power plants company has a market capitalization of $684.06 million and 269.31 million shares.
The stock’s value has fluctuated over the past three months. It has peaked at high marks of $2.44, $2.49, and $2.51 before subsequently suffering a lost just a few days later. However, its value has closed above $2.00 and below $2.60 during that time period. On Aug. 13th, FuelCell Energy was upgraded from Market Perform to Outperform by Cowen.
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