FuelCell Energy (NASDAQ:FCEL) Stock Price Up 7% - Should You Buy?

Key Points

• FuelCell Energy shares rose 7% to $19.65 in mid-day trading, though trading volume was 75% below the average session level.
• Analyst sentiment remains mixed: four analysts rate the stock Buy, three Hold, and two Sell, resulting in a consensus Hold rating and a $22.83 average price target.
• The company reported a quarterly loss of $0.53 per share and $35.59 million in revenue, missing expectations on both measures; analysts expect a full-year loss of $1.73 per share.

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) shares rose 7% during mid-day trading on Friday . The company traded as high as $19.79 and last traded at $19.65. Approximately 1,753,728 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 7,096,241 shares. The stock had previously closed at $18.36.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FCEL shares. Canaccord Genuity Group increased their target price on shares of FuelCell Energy from $12.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. Wells Fargo & Company upped their price target on FuelCell Energy from $6.00 to $8.00 and gave the stock an "underweight" rating in a report on Tuesday, June 16th. UBS Group raised FuelCell Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $22.00 to $27.00 in a report on Tuesday, July 14th. Wall Street Zen downgraded FuelCell Energy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. Finally, Jefferies Financial Group upgraded FuelCell Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $16.00 to $24.00 in a research report on Friday, June 26th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.83.

FuelCell Energy Stock Performance

The company's fifty day moving average price is $22.22 and its two-hundred day moving average price is $15.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.20 and a current ratio of 8.59. The firm has a market capitalization of $1.55 billion, a PE ratio of -2.95 and a beta of 2.37.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($1.05). The company had revenue of $35.59 million for the quarter, compared to analysts' expectations of $40.47 million. FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.During the same period in the prior year, the business earned ($1.79) EPS. As a group, equities analysts expect that FuelCell Energy, Inc. will post -1.73 earnings per share for the current year.

Insider Buying and Selling

In other FuelCell Energy news, EVP Shankar Achanta sold 2,500 shares of FuelCell Energy stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $28.71, for a total transaction of $71,775.00. Following the transaction, the executive vice president directly owned 2,618 shares of the company's stock, valued at $75,162.78. The trade was a 48.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.46% of the company's stock.

Institutional Trading of FuelCell Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new position in shares of FuelCell Energy in the fourth quarter valued at $21,149,000. CenterBook Partners LP acquired a new stake in shares of FuelCell Energy during the fourth quarter valued at about $9,348,000. Two Sigma Investments LP purchased a new stake in shares of FuelCell Energy during the third quarter worth about $5,348,000. Invesco Ltd. boosted its holdings in FuelCell Energy by 75.4% in the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company's stock valued at $11,005,000 after purchasing an additional 647,151 shares during the last quarter. Finally, Trexquant Investment LP grew its stake in FuelCell Energy by 162.3% during the 4th quarter. Trexquant Investment LP now owns 894,800 shares of the energy company's stock valued at $6,541,000 after purchasing an additional 553,660 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Company Profile

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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