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Friday, November 22, 2024

Value of Danbury-based Alternative Energy company Fuelcell Energy Inc. (FCEL:NMQ) fell 58.6% in March

Stock market 26 edited

Value in Alternative Energy stocks rose 17.7 percent in March from the previous month.

The strongest performing Alternative Energy company in Connecticut was ReneSola Ltd. (SOL:NYQ), sitting 30.6 percent higher to sell at $5.96.

Fuelcell Energy Inc. (FCEL:NMQ) fared the worst among Connecticut companies, suffering a 58.6 percent drop to $5.87.

The Alternative Energy industry was the month’s best-performing industry on the market. The market is divided into 44 different industries.

Personal Goods was the worst-performing industry.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Rank of stock market industries in March

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Alternative Energy17.7%314.2%-100%
Oil, Gas and Coal17.3%46,089%-89%
Precious Metals and Mining15.8%8,851.6%-97.2%
Investment Banking and Brokerage Services14%283,009.5%-91.9%
Waste and Disposal Services11.6%483.8%-78.7%
Telecommunications Service Providers10.5%5,819,839%-59.3%
Non-life Insurance10.1%126%-81.5%
Gas, Water and Multi-utilities9.2%1,512%-94.2%
Electricity8.6%333.6%-73.9%
Industrial Metals and Mining8%1,872%-94.6%
Chemicals7.2%3,683.3%-77.9%
Industrial Support Services6.4%3,120.1%-96.8%
Food Producers6.2%129,211.6%-92.8%
Health Care Providers5.6%1,216.7%-86.5%
Aerospace and Defense5.5%1,211.2%-86.9%
Industrial Transportation5.2%1,052.7%-97.8%
Real Estate Investment Trusts4.7%293.2%-92.8%
Industrial Engineering4.6%3,806.7%-96.1%
Personal Care, Drug and Grocery Stores4.1%306.7%-80.6%
Consumer Services3.7%1,860.1%-66.9%
Software and Computer Services3.5%177,715.8%-99.1%
Finance and Credit Services2.9%407.1%-92.8%
Travel and Leisure2.6%312.4%-95.1%
Telecommunications Equipment2.2%2,301.5%-90.4%
Beverages2.2%2,981.5%-87.2%
Pharmaceuticals and Biotechnology1.5%52,828.5%-99.2%
Construction and Materials1.5%15,654.7%-83.4%
Retailers1.5%5,604.6%-95.2%
Real Estate Investment and Services1.2%870,733.3%-89.8%
Mortgage Real Estate Investment Trusts1.2%273%-85.8%
General Industrials0.8%354.8%-73.7%
Electronic and Electrical Equipment0.8%5,729%-99.9%
Open End and Miscellaneous Investment Vehicles0.3%172,904.8%-100%
Medical Equipment and Services0.2%132,389.8%-98.2%
Life Insurance-0.2%214%-85.1%
Media-0.5%66,559.6%-94.9%
Technology Hardware and Equipment-0.6%1,051.3%-72.3%
Closed End Investments-0.8%2,289.7%-98%
Industrial Materials-1.4%285.7%-77%
Automobiles and Parts-4%386.4%-81.3%
Tobacco-4.5%565.7%-68.6%
Leisure Goods-5.2%2,446.8%-92.3%
Household Goods and Home Construction-5.9%2,703.1%-97.2%
Personal Goods-7%5,134.8%-70.9%

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