FuelCell Energy (NASDAQ:FCEL) Shares Down 12.2% – Should You Sell?

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) fell 12.2% during trading on Monday . The stock traded as low as $18.45 and last traded at $18.7640. 3,523,850 shares were traded during trading, a decline of 8% from the average session volume of 3,824,102 shares. The stock had previously closed at $21.36.

Wall Street Analyst Weigh In

FCEL has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, March 10th. Wall Street Zen lowered FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Weiss Ratings lowered shares of FuelCell Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group set a $7.20 price target on FuelCell Energy and gave the stock a “hold” rating in a research note on Tuesday, March 10th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $8.24.

FuelCell Energy Price Performance

The firm has a 50-day simple moving average of $9.77 and a 200-day simple moving average of $8.53. The firm has a market cap of $921.59 million, a P/E ratio of -2.52 and a beta of 2.22. The company has a current ratio of 7.96, a quick ratio of 6.51 and a debt-to-equity ratio of 0.19.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $42.22 million. As a group, analysts forecast that FuelCell Energy, Inc. will post -2.18 EPS for the current year.

Institutional Investors Weigh In On FuelCell Energy

A number of large investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in shares of FuelCell Energy during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its position in FuelCell Energy by 1,316.0% during 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 in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of FuelCell Energy in the 4th quarter valued at $78,000. Independent Advisor Alliance acquired a new position in shares of FuelCell Energy in the third quarter worth about $80,000. Finally, Franklin Resources Inc. acquired a new position in FuelCell Energy in the 4th quarter worth about $84,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

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.