The stock of Fuelcell Energy Inc (NASDAQ:FCEL) last traded at $1.05, up 1.94% from the previous session.
Data from the available sources indicates that Fuelcell Energy Inc (NASDAQ:FCEL) is covered by 10 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $3.20 and a low of $1.00, we find $2.00. Given the previous closing price of $1.03, this indicates a potential upside of 94.17 percent. FCEL stock price is now -14.84% away from the 50-day moving average and -51.70% away from the 200-day moving average. The market capitalization of the company currently stands at $473.16M.
In total, 7 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.95 as their price target over the next twelve months.
Insiders disposed of 313,051 shares of company stock worth roughly $0.33 million over the past 1 year. A total of 0.22% of the company’s stock is owned by insiders.
With an opening price of $1.0300 on Monday morning, Fuelcell Energy Inc (NASDAQ: FCEL) set off the trading day. During the past 12 months, Fuelcell Energy Inc has had a low of $0.98 and a high of $4.36. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 8.72, and a quick ratio of 7.27. The fifty day moving average price for FCEL is $1.2332 and a two-hundred day moving average price translates $2.1741 for the stock.
The latest earnings results from Fuelcell Energy Inc (NASDAQ: FCEL) was released for Jul, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.08 by 0.02. This compares to -$0.07 EPS in the same period last year. The net profit margin was -87.68% and return on equity was -15.86% for FCEL. The company reported revenue of $25.51 million for the quarter, compared to $43.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.82 percent. For the current quarter, analysts expect FCEL to generate $24.28M 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.