FuelCell Energy (NASDAQ:FCEL) Stock Price Down 11.2% - Here's Why

Key Points

• FuelCell Energy shares fell 11.2% intraday to $10.81 on Friday, with trading volume ~906,304 shares (about 61% below the average session volume).
• Analyst sentiment has weakened—MarketBeat shows a consensus rating of "Reduce" with a $8.24 consensus price target, and recent cuts from firms like Jefferies ($7.20) and Wells Fargo ($6.00).
• The company beat EPS estimates for the quarter (‑$0.52 vs. ‑$0.68 expected) but missed on revenue ($30.5M vs. $42.2M) and remains unprofitable with negative margins and a market cap around $602M.

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report)'s stock price fell 11.2% on Friday . The company traded as low as $11.32 and last traded at $10.8130. 906,304 shares were traded during mid-day trading, a decline of 61% from the average session volume of 2,350,342 shares. The stock had previously closed at $12.17.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Zacks Research lowered FuelCell Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. Wall Street Zen downgraded FuelCell Energy from a "hold" rating to a "sell" rating in a report on Friday, January 23rd. Weiss Ratings upgraded FuelCell Energy from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday. Jefferies Financial Group set a $7.20 target price on FuelCell Energy and gave the company a "hold" rating in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company reduced their target price on FuelCell Energy from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Tuesday, March 10th. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $8.24.

FuelCell Energy Stock Down 6.7%

The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $601.59 million, a price-to-earnings ratio of -1.65 and a beta of 1.41. The stock has a 50 day moving average of $7.48 and a 200 day moving average of $7.88.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.16. The firm had revenue of $30.53 million for the quarter, compared to analysts' expectations of $42.22 million. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%. As a group, analysts expect that FuelCell Energy, Inc. will post -1.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FuelCell Energy

A number of hedge funds have recently added to or reduced their stakes in FCEL. Kestra Advisory Services LLC acquired a new position in shares of FuelCell Energy in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its stake in FuelCell Energy by 1,316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company's stock valued at $59,000 after acquiring an additional 7,080 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of FuelCell Energy during the 4th quarter worth approximately $78,000. Independent Advisor Alliance bought a new stake in shares of FuelCell Energy in the 3rd quarter worth approximately $80,000. Finally, Franklin Resources Inc. acquired a new position in FuelCell Energy during the 4th quarter valued at approximately $84,000. Institutional investors and hedge funds own 42.78% of the company's stock.

About FuelCell Energy

FuelCell Energy, Inc NASDAQ: FCEL is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.

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