Gencor Industries Inc
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Industrials : Machinery | Small Cap Blend
Company profile

Gencor Industries, Inc. is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials. Its geographical segments are United States and Other. The Company's principal products include asphalt plants, combustion systems and fluid heat transfer systems. It also manufactures related asphalt plant equipment, including hot mix storage silos, fabric filtration systems, cold feed bins and other plant components. The Company also manufactures soil remediation machinery, as well as combustion systems for rotary dryers, kilns, fume and liquid incinerators and fuel heaters. Its General Combustion subsidiary also manufactures the Hy-Way heat and Beverley lines of thermal fluid heat transfer systems and specialty storage tanks for an array of industry uses.

Closing Price
$12.58
Day's Change
-0.35 (-2.71%)
Bid
--
Ask
--
B/A Size
--
Day's High
12.74
Day's Low
12.50
Volume
(Light)
Volume:
18,226

10-day average volume:
24,928
18,226

Implied Volatility Surging for FuelCell (FCEL) Stock Options

8:35 am ET January 4, 2021 (Zacks) Print

Investors in FuelCell Energy, Inc. FCEL need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 15, 2021 $20.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?

Clearly, options traders are pricing in a big move for FuelCell shares, but what is the fundamental picture for the company? Currently, FuelCell is a Zacks Rank #2 (Buy) in the Alternative Energy - Other industry that ranks in the Bottom 49% of our Zacks Industry Rank. Over the last 60 days, the Zacks Consensus Estimate for the current quarter has narrowed from a loss of 12 cents per share to a loss of 7 cents.

Given the way analysts feel about FuelCell right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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