Enerplus (ERF) Forms $9.90 Double Top; Fuelcell Energy (FCEL) Shorts Increased By 5.66%

December 29, 2017 - By John Hoffman

Enerplus Corporation (ERF) formed double top with $10.79 target or 9.00% above today’s $9.90 share price. Enerplus Corporation (ERF) has $2.43 billion valuation. The stock decreased 0.40% or $0.04 during the last trading session, reaching $9.9. About 452,088 shares traded. Enerplus Corporation (NYSE:ERF) has risen 69.92% since December 29, 2016 and is uptrending. It has outperformed by 53.22% the S&P500.

Fuelcell Energy Incorporated (NASDAQ:FCEL) had an increase of 5.66% in short interest. FCEL’s SI was 8.65 million shares in December as released by FINRA. Its up 5.66% from 8.18 million shares previously. With 1.43 million avg volume, 6 days are for Fuelcell Energy Incorporated (NASDAQ:FCEL)’s short sellers to cover FCEL’s short positions. The SI to Fuelcell Energy Incorporated’s float is 22.81%. The stock decreased 2.89% or $0.05 during the last trading session, reaching $1.68. About 362,499 shares traded. FuelCell Energy, Inc. (NASDAQ:FCEL) has declined 84.35% since December 29, 2016 and is downtrending. It has underperformed by 101.05% the S&P500.

Analysts await Enerplus Corporation (NYSE:ERF) to report earnings on February, 23. They expect $0.12 earnings per share, 0.00% or $0.00 from last year’s $0.12 per share. ERF’s profit will be $29.39M for 20.63 P/E if the $0.12 EPS becomes a reality. After $0.06 actual earnings per share reported by Enerplus Corporation for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Among 6 analysts covering Enerplus Corp (NYSE:ERF), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enerplus Corp has $14.5 highest and $9.50 lowest target. $11.60’s average target is 17.17% above currents $9.9 stock price. Enerplus Corp had 14 analyst reports since July 21, 2015 according to SRatingsIntel. Raymond James reinitiated the stock with “Outperform” rating in Monday, June 6 report. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 9 report. Raymond James initiated Enerplus Corporation (NYSE:ERF) on Friday, December 18 with “Outperform” rating. UBS upgraded the shares of ERF in report on Monday, November 9 to “Buy” rating. BMO Capital Markets upgraded Enerplus Corporation (NYSE:ERF) on Friday, February 10 to “Outperform” rating. The firm earned “Outperform” rating on Monday, June 6 by Macquarie Research. The stock of Enerplus Corporation (NYSE:ERF) earned “Market Perform” rating by FirstEnergy Capital on Monday, August 10. The stock of Enerplus Corporation (NYSE:ERF) earned “Neutral” rating by Macquarie Research on Friday, January 8. The firm earned “Buy” rating on Wednesday, August 17 by Canaccord Genuity.

Among 6 analysts covering FuelCell Energy (NASDAQ:FCEL), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. FuelCell Energy had 17 analyst reports since August 11, 2015 according to SRatingsIntel. Cowen & Co maintained FuelCell Energy, Inc. (NASDAQ:FCEL) rating on Friday, August 11. Cowen & Co has “Buy” rating and $200 target. FBR Capital downgraded the shares of FCEL in report on Wednesday, October 26 to “Mkt Perform” rating. The stock has “Sell” rating by Zacks on Tuesday, August 11. On Friday, December 18 the stock rating was initiated by FBR Capital with “Outperform”. The company was downgraded on Tuesday, October 25 by Roth Capital. The stock of FuelCell Energy, Inc. (NASDAQ:FCEL) has “Hold” rating given on Thursday, November 2 by Roth Capital. The firm has “Buy” rating given on Monday, July 10 by Cowen & Co. The stock of FuelCell Energy, Inc. (NASDAQ:FCEL) has “Buy” rating given on Monday, April 11 by Roth Capital. Craig Hallum initiated the stock with “Buy” rating in Monday, May 2 report. FBR Capital maintained FuelCell Energy, Inc. (NASDAQ:FCEL) rating on Tuesday, March 15. FBR Capital has “Outperform” rating and $9 target.