FuelCell Energy Stock to Reverse Split on Monday, November 11th (NASDAQ:FCEL)

FuelCell Energy, Inc. (NASDAQ:FCEL) shares are scheduled to reverse split before the market opens on Monday, November 11th. The 1-30 reverse split was announced on Thursday, November 7th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 8th.

FuelCell Energy Stock Down 15.1 %

Shares of FuelCell Energy stock traded down $0.05 during midday trading on Thursday, hitting $0.29. The company had a trading volume of 66,493,562 shares, compared to its average volume of 31,166,945. FuelCell Energy has a 52-week low of $0.29 and a 52-week high of $1.84. The stock has a market capitalization of $163.80 million, a P/E ratio of -1.33 and a beta of 3.91. The company has a 50 day moving average of $0.38 and a 200 day moving average of $0.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.97 and a current ratio of 6.91.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, September 5th. The energy company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $23.70 million for the quarter, compared to the consensus estimate of $23.22 million. FuelCell Energy had a negative net margin of 135.76% and a negative return on equity of 17.02%. During the same period in the prior year, the firm posted ($0.06) EPS. On average, equities analysts predict that FuelCell Energy will post -0.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FCEL. Canaccord Genuity Group lowered their price objective on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating on the stock in a research report on Friday, September 6th. UBS Group lowered their target price on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th.

Institutional Trading of FuelCell Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of FCEL. AQR Capital Management LLC raised its holdings in FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after acquiring an additional 26,223 shares during the period. Fermata Advisors LLC lifted its holdings in FuelCell Energy by 54.5% in the 2nd quarter. Fermata Advisors LLC now owns 82,500 shares of the energy company’s stock worth $53,000 after purchasing an additional 29,113 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in FuelCell Energy by 3.6% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 875,952 shares of the energy company’s stock worth $1,042,000 after purchasing an additional 30,158 shares during the period. SageView Advisory Group LLC purchased a new stake in FuelCell Energy during the 1st quarter valued at approximately $41,000. Finally, Algert Global LLC purchased a new stake in FuelCell Energy during the 2nd quarter valued at approximately $29,000. Hedge funds and other 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.