FuelCell Energy (NASDAQ:FCEL) Trading Down 6.3% - Here's Why

Key Points

• Shares fell 6.3% to about $12.47 on Monday (intraday low $12.35), with trading volume roughly 40% below the average and a prior close of $13.31.
• Analysts have pared expectations—MarketBeat shows a consensus rating of Reduce and an average price target of $8.24 after multiple firms cut ratings and targets.
• Recent results were mixed: FCEL reported EPS of -$0.52 (beating the -$0.68 estimate) but revenue of $30.53M missed the $42.22M forecast, and the company remains unprofitable with a net margin of -107.51%.

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report)'s share price fell 6.3% on Monday . The stock traded as low as $12.35 and last traded at $12.4680. 1,713,028 shares were traded during mid-day trading, a decline of 40% from the average session volume of 2,851,415 shares. The stock had previously closed at $13.31.

Analysts Set New Price Targets

Several research firms have recently weighed in on FCEL. Weiss Ratings upgraded shares of FuelCell Energy from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, April 22nd. Wells Fargo & Company reduced their price target on shares of FuelCell Energy from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Tuesday, March 10th. Wall Street Zen cut shares of FuelCell Energy from a "hold" rating to a "sell" rating in a report on Friday, January 23rd. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the stock a "hold" rating in a report on Tuesday, March 10th. Finally, Zacks Research cut shares of FuelCell Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $8.24.

FuelCell Energy Price Performance

The company's fifty day moving average is $7.92 and its 200 day moving average is $7.89. The firm has a market cap of $712.42 million, a price-to-earnings ratio of -1.94 and a beta of 2.22. The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its earnings results on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.16. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. The business had revenue of $30.53 million during the quarter, compared to analysts' expectations of $42.22 million. On average, equities research analysts predict that FuelCell Energy, Inc. will post -2.18 EPS for the current year.

Institutional Trading of FuelCell Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in FuelCell Energy during the fourth quarter worth $21,149,000. Invesco Ltd. raised its position in FuelCell Energy by 75.4% during the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company's stock worth $11,005,000 after acquiring an additional 647,151 shares in the last quarter. CenterBook Partners LP bought a new stake in FuelCell Energy during the fourth quarter worth $9,348,000. Renaissance Technologies LLC raised its position in FuelCell Energy by 14.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company's stock worth $8,915,000 after acquiring an additional 150,600 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in FuelCell Energy by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company's stock worth $8,374,000 after acquiring an additional 23,981 shares in the last quarter. 42.78% of the stock is owned by 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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