Key Points
- EVP Shankar Achanta sold 2,500 shares on April 20 at an average price of $8.00 for $20,000, reducing his stake by 41.05% to 3,590 shares; the transaction was disclosed on an SEC Form 4.
- FuelCell reported quarterly EPS of ($0.52), beating estimates of ($0.68) but missing revenue expectations ($30.53M vs. $42.22M), and the company remains unprofitable with a negative net margin of 107.51%.
- Analysts have largely downgraded the stock to a consensus rating of "Reduce" with a $8.24 target, while FCEL trades around $9.49 (1‑year range $3.58–$11.99) and institutional ownership is about 42.78%.
FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) EVP Shankar Achanta sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $8.00, for a total transaction of $20,000.00. Following the completion of the sale, the executive vice president owned 3,590 shares in the company, valued at approximately $28,720. The trade was a 41.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
FuelCell Energy Trading Up 9.7%
FCEL opened at $9.49 on Wednesday. The company's 50 day moving average is $7.29 and its 200-day moving average is $7.82. FuelCell Energy, Inc. has a 1-year low of $3.58 and a 1-year high of $11.99. The company has a current ratio of 7.96, a quick ratio of 6.51 and a debt-to-equity ratio of 0.19. The company has a market cap of $502.78 million, a P/E ratio of -1.37 and a beta of 1.41.
FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted 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. The company had revenue of $30.53 million for the quarter, compared to the consensus estimate of $42.22 million. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. Equities research analysts predict that FuelCell Energy, Inc. will post -1.98 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on FCEL shares. Zacks Research lowered shares of FuelCell Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. Jefferies Financial Group set a $7.20 price objective on shares of FuelCell Energy and gave the company a "hold" rating in a report on Tuesday, March 10th. Wells Fargo & Company dropped their price objective 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 lowered shares of FuelCell Energy from a "hold" rating to a "sell" rating in a report on Friday, January 23rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of FuelCell Energy in a report on Monday, December 29th. 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.com, the stock has a consensus rating of "Reduce" and a consensus target price of $8.24.
Read Our Latest Stock Analysis on FCEL
Institutional Trading of FuelCell Energy
Several hedge funds have recently modified their holdings of FCEL. Rhumbline Advisers increased its stake in shares of FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company's stock valued at $147,000 after acquiring an additional 5,585 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of FuelCell Energy in the 2nd quarter valued at $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of FuelCell Energy by 6.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company's stock valued at $1,877,000 after acquiring an additional 19,857 shares in the last quarter. Bank of America Corp DE increased its stake in shares of FuelCell Energy by 31.9% in the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company's stock valued at $103,000 after acquiring an additional 4,435 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in shares of FuelCell Energy in the 2nd quarter valued at $216,000. Institutional investors own 42.78% of the company's stock.
About FuelCell Energy
(
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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