Why Are These Stocks Surging on Monday?

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Shares of Southwestern Energy Company (NYSE:SWN) are 2.11% in the green today as the rally in the beaten-up natural gas producer continues. Southwestern Energy Company (NYSE:SWN) fell by 74% in 2015 as investors worried that the natural gas glut and Southwestern’s debt burden could hobble the company. Some investors began buying in mid-December and are buying now because the weather is becoming colder and the natural gas market will improve in the long run as the U.S. ramps up its LNG exports over the next few years. A total of 38 funds from our database amassed around 11.7% of Southwestern Energy Company’s float as of the end of the third quarter. That’s up by five funds from the end of the second quarter.

As another example of the extreme volatility in low-float, nano-cap stocks, General Steel Holdings Inc (NYSE:GSI), a China-based iron and steel company with seven million metric tons of crude steel production capacity, surged by over 105% before being frozen at 10:43 AM on no specific news. Because of the extreme volatility, we would stay on the sidelines on this one. According to our data, two investors disclosed $376,000 worth of General Steel Holdings Inc (NYSE:GSI)’s shares in their last 13F filings.

Wrapping up our list of green stocks today is FuelCell Energy Inc (NASDAQ:FCEL), whose shares are 6% in the green after the company announced it will build a 5.6 MW power plant for a Pfizer research complex in Groton, Connecticut. The fuel cells will supply the facility with electricity for over 20 years. The hedge fund sentiment around FuelCell Energy Inc (NASDAQ:FCEL) has remained stable, with the number of elite funds long the stock rising by one to eight during the third quarter.

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Disclosure: none

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