FuelCell Energy (NASDAQ:FCEL) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• FuelCell Energy's stock (NASDAQ:FCEL) surpassed its two hundred day moving average of $5.24, trading as high as $11.15 before settling at $10.60.
• Analysts' ratings vary, with Weiss Ratings issuing a "sell" rating, while Canaccord Genuity set a price target of $12.00 and a "hold" rating.
• The company reported a significant earnings miss for the last quarter, posting a loss of ($3.78) EPS compared to a consensus estimate of ($1.59).

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.24 and traded as high as $11.15. FuelCell Energy shares last traded at $10.60, with a volume of 7,989,972 shares.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of FuelCell Energy in a research note on Saturday, September 27th. B. Riley reduced their price target on FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, June 13th. Canaccord Genuity Group reissued a "hold" rating and set a $12.00 price target on shares of FuelCell Energy in a research note on Monday, September 15th. Finally, UBS Group upped their price objective on FuelCell Energy from $4.50 to $7.25 and gave the company a "neutral" rating in a research report on Wednesday, September 17th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $8.78.

FuelCell Energy Stock Up 3.8%

The company has a quick ratio of 3.85, a current ratio of 5.37 and a debt-to-equity ratio of 0.21. The stock has a market cap of $342.27 million, a P/E ratio of -1.15 and a beta of 4.25. The company's 50 day moving average price is $5.75 and its two-hundred day moving average price is $5.24.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Tuesday, September 9th. The energy company reported ($3.78) EPS for the quarter, missing the consensus estimate of ($1.59) by ($2.19). FuelCell Energy had a negative return on equity of 20.53% and a negative net margin of 130.81%.The firm had revenue of $46.74 million for the quarter, compared to analysts' expectations of $48.30 million. During the same quarter in the previous year, the business earned ($1.94) earnings per share. As a group, research analysts expect that FuelCell Energy, Inc. will post -6.11 earnings per share for the current year.

Institutional Investors Weigh In On FuelCell Energy

Several large investors have recently modified their holdings of the business. Banque Cantonale Vaudoise purchased a new stake in shares of FuelCell Energy in the 1st quarter worth approximately $26,000. MinichMacGregor Wealth Management LLC bought a new position in FuelCell Energy in the second quarter worth approximately $56,000. Squarepoint Ops LLC purchased a new stake in FuelCell Energy during the fourth quarter worth $99,000. GAMMA Investing LLC boosted its position in FuelCell Energy by 451.5% during the 1st quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company's stock valued at $57,000 after acquiring an additional 10,150 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of FuelCell Energy by 31.9% in the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company's stock valued at $103,000 after acquiring an additional 4,435 shares during the period. Institutional investors own 42.78% of the company's stock.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.

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