FuelCell Energy (NASDAQ:FCEL) Stock Price Down 7.4% – What’s Next?

FuelCell Energy, Inc. (NASDAQ:FCEL) fell 7.4% during trading on Friday . The company traded as low as $22.10 and last traded at $22.5860. 1,441,507 shares changed hands during trading, a decline of 68% from the average session volume of 4,532,511 shares. The stock had previously closed at $24.39.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FCEL. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the company a “hold” rating in a research report on Tuesday, March 10th. Wells Fargo & Company lowered their price target 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. Finally, Weiss Ratings upgraded shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. 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, FuelCell Energy currently has an average rating of “Reduce” and a consensus target price of $8.24.

FuelCell Energy Stock Down 11.8%

The firm has a market capitalization of $1.14 billion, a P/E ratio of -3.11 and a beta of 2.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 6.51 and a current ratio of 7.96. The business’s fifty day moving average price is $12.17 and its two-hundred day moving average price is $9.33.

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. Equities analysts expect that FuelCell Energy, Inc. will post -2.18 earnings per share for the current fiscal year.

Institutional Trading of FuelCell Energy

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in FuelCell Energy by 1,298.3% in the 1st quarter. Bank of America Corp DE now owns 190,724 shares of the energy company’s stock worth $1,245,000 after purchasing an additional 177,084 shares in the last quarter. Amundi boosted its stake in FuelCell Energy by 118.4% in the 1st quarter. Amundi now owns 50,947 shares of the energy company’s stock worth $333,000 after purchasing an additional 27,621 shares in the last quarter. Entropy Technologies LP boosted its stake in FuelCell Energy by 28.6% in the 1st quarter. Entropy Technologies LP now owns 37,519 shares of the energy company’s stock worth $245,000 after purchasing an additional 8,336 shares in the last quarter. First Trust Advisors LP acquired a new stake in FuelCell Energy in the 1st quarter worth approximately $758,000. Finally, Dimensional Fund Advisors LP boosted its stake in FuelCell Energy by 459.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 312,536 shares of the energy company’s stock worth $2,040,000 after purchasing an additional 256,640 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors and hedge funds.

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.