Key Points
- Director Betsy Bingham sold 8,608 FuelCell Energy shares on December 22 at an average price of $8.52, for total proceeds of $73,340.16.
- FuelCell reported a quarterly loss of ($0.83) per share—better than estimates of ($0.97)—and revenue of $55.02 million versus $47.23 million expected, but remains unprofitable with a negative net margin of 118.8%.
- Analysts hold a consensus rating of Hold with a $9.06 average price target, and the company’s market cap is roughly $283.8 million.
FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) Director Betsy Bingham sold 8,608 shares of the business's stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total value of $73,340.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
FuelCell Energy Price Performance
NASDAQ:FCEL opened at $8.79 on Wednesday. FuelCell Energy, Inc. has a one year low of $3.58 and a one year high of $13.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63. The stock has a market cap of $283.83 million, a PE ratio of -1.12 and a beta of 1.17. The stock has a 50 day moving average price of $7.79 and a 200 day moving average price of $6.66.
FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Thursday, December 18th. The energy company reported ($0.83) earnings per share for the quarter, topping analysts' consensus estimates of ($0.97) by $0.14. The company had revenue of $55.02 million for the quarter, compared to analyst estimates of $47.23 million. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.During the same quarter in the previous year, the company posted ($1.99) earnings per share. Equities research analysts expect that FuelCell Energy, Inc. will post -6.11 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. KeyCorp reissued a "sector weight" rating on shares of FuelCell Energy in a report on Friday. Weiss Ratings reissued a "sell (d-)" rating on shares of FuelCell Energy in a research note on Monday. TD Cowen lifted their price target on shares of FuelCell Energy from $7.00 to $9.00 and gave the company a "hold" rating in a research report on Friday, December 19th. Wall Street Zen upgraded FuelCell Energy from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $12.00 price objective on shares of FuelCell Energy in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9.06.
View Our Latest Stock Report on FCEL
Institutional Investors Weigh In On FuelCell Energy
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new stake in FuelCell Energy in the 3rd quarter valued at approximately $5,348,000. Invesco Ltd. boosted its position in shares of FuelCell Energy by 194.5% during the third quarter. Invesco Ltd. now owns 858,279 shares of the energy company's stock worth $6,695,000 after buying an additional 566,852 shares during the period. BNP Paribas Financial Markets boosted its position in shares of FuelCell Energy by 36,034.4% during the third quarter. BNP Paribas Financial Markets now owns 304,613 shares of the energy company's stock worth $2,376,000 after buying an additional 303,770 shares during the period. Squarepoint Ops LLC grew its stake in shares of FuelCell Energy by 110.1% in the third quarter. Squarepoint Ops LLC now owns 24,570 shares of the energy company's stock valued at $192,000 after buying an additional 268,894 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of FuelCell Energy by 1,296.3% in the 3rd quarter. Bank of America Corp DE now owns 256,241 shares of the energy company's stock valued at $1,999,000 after buying an additional 237,890 shares during the period. 42.78% of the stock is owned by hedge funds and other institutional investors.
FuelCell Energy Company Profile
(
Get Free Report)
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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