FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.65 and traded as high as $7.94. FuelCell Energy shares last traded at $7.77, with a volume of 1,709,752 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Canaccord Genuity Group reiterated a "hold" rating and issued a $12.00 target price on shares of FuelCell Energy in a research note on Monday, September 15th. UBS Group boosted their target price on shares of FuelCell Energy from $4.50 to $7.25 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. Weiss Ratings reiterated a "sell (e+)" rating on shares of FuelCell Energy in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of FuelCell Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.78.
Read Our Latest Research Report on FCEL
FuelCell Energy Trading Down 0.5%
The firm's 50-day moving average price is $7.03 and its 200-day moving average price is $5.65. 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 company has a market cap of $250.89 million, a P/E ratio of -0.84 and a beta of 4.25.
FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its earnings results on Tuesday, September 9th. The energy company reported ($3.78) earnings per share for the quarter, missing analysts' consensus estimates of ($1.59) by ($2.19). The firm had revenue of $46.74 million for the quarter, compared to the consensus estimate of $48.30 million. FuelCell Energy had a negative return on equity of 20.53% and a negative net margin of 130.81%.During the same period last year, the company posted ($1.94) EPS. As a group, equities research analysts expect that FuelCell Energy, Inc. will post -6.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in shares of FuelCell Energy during the 1st quarter valued at $26,000. MinichMacGregor Wealth Management LLC purchased a new position in shares of FuelCell Energy during the 2nd quarter valued at $56,000. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 10,150 shares in the last quarter. Bank of America Corp DE grew its position in shares of FuelCell Energy by 31.9% during the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company's stock valued at $103,000 after purchasing an additional 4,435 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of FuelCell Energy by 638.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company's stock valued at $107,000 after purchasing an additional 16,440 shares in the last quarter. 42.78% of the stock is currently owned by hedge funds and other institutional investors.
About FuelCell Energy
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider FuelCell Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FuelCell Energy wasn't on the list.
While FuelCell Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
