Stocks of FuelCell Energy Inc. (NASDAQ:FCEL) traded higher last session on Wall Street, down -6.75% to $2.21.
According to the data, FuelCell Energy Inc. (NASDAQ:FCEL) has 9 analysts covering its stock. The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $3.85 and a low of $1.50, we find $2.50. Given the previous closing price of $2.37, this indicates a potential upside of 5.49 percent. FCEL stock price is now -2.79% away from the 50-day moving average and -23.94% away from the 200-day moving average. The market capitalization of the company currently stands at $964.00M.
A total of 6 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $2.63 as their price target over the next twelve months.
With the price target of $3.85, UBS recently initiated with Neutral rating for FuelCell Energy Inc. (NASDAQ: FCEL).
Insiders disposed of 446,291 shares of company stock worth roughly $0.99 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FCEL stock. A new stake in FuelCell Energy Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $4,983,000. CANDRIAM S.C.A. invested $3,548,000 in shares of FCEL during the first quarter. In the first quarter, STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in FuelCell Energy Inc. valued at approximately $1,522,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in FCEL for approximately $860,000. HRT FINANCIAL LP purchased a new stake in FCEL valued at around $601,000 in the second quarter. In total, there are 352 active investors with 44.90% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $2.4500 for FuelCell Energy Inc. (NASDAQ: FCEL). During the past 12 months, FuelCell Energy Inc. has had a low of $1.77 and a high of $5.50. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 7.20, and a quick ratio of 5.80. The fifty day moving average price for FCEL is $2.2756 and a two-hundred day moving average price translates $2.8991 for the stock.
The latest earnings results from FuelCell Energy Inc. (NASDAQ: FCEL) was released for Apr, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.09, missing analysts’ expectations of -$0.07 by -0.02. This compares to -$0.08 EPS in the same period last year. The net profit margin was -81.20% and return on equity was -19.10% for FCEL. The company reported revenue of $38.35 million for the quarter, compared to $16.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 134.06 percent. For the current quarter, analysts expect FCEL to generate $27.4M in revenue.
FuelCell Energy Inc.(FCEL) Company Profile
FuelCell Energy, Inc., together with its subsidiaries, manufactures and sells stationary fuel cell energy platforms that decarbonize power and produce hydrogen. It offers SureSource 1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications. The company also provides SureSource platform in various configurations and applications, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems. Its SureSource power plants generate electricity, heat, hydrogen, and water. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services. It serves various markets, including utilities and independent power producers, industrial and process applications, education and health care, data centers and communication, wastewater treatment, government, microgrids, hydrogen transportation, food and beverage, and commercial and hospitality. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.
