Key Points
- FuelCell Energy EVP Shankar Achanta sold 2,500 shares on July 6 at an average price of $28.71, totaling $71,775. After the sale, he still held 2,618 shares, and the transaction cut his ownership by 48.85%.
- The company recently launched and upsized a public stock offering to 10.7 million shares at $21 each, raising about $225 million in gross proceeds. FuelCell said the money will help expand manufacturing capacity, fund working capital, and support general corporate purposes.
- FCEL remains volatile amid mixed fundamentals and analyst views, with the stock trading well above its 200-day average but the company still posting a quarterly loss and missing revenue expectations. Analysts currently have a consensus Hold rating with a $22.00 price target.
FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) EVP Shankar Achanta sold 2,500 shares of the business's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $28.71, for a total value of $71,775.00. Following the transaction, the executive vice president owned 2,618 shares of the company's stock, valued at approximately $75,162.78. The trade was a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shankar Achanta also recently made the following trade(s):
- On Monday, April 20th, Shankar Achanta sold 2,500 shares of FuelCell Energy stock. The shares were sold at an average price of $8.00, for a total value of $20,000.00.
FuelCell Energy Stock Performance
Shares of FCEL opened at $22.54 on Thursday. FuelCell Energy, Inc. has a 12-month low of $3.78 and a 12-month high of $37.88. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.52 billion, a PE ratio of -3.43 and a beta of 2.31. The stock has a 50-day moving average price of $21.00 and a 200-day moving average price of $12.47.
FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings data on Monday, June 8th. The energy company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($0.01). The company had revenue of $35.59 million during the quarter, compared to the consensus estimate of $40.47 million. FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.During the same quarter last year, the company posted ($1.79) earnings per share. As a group, equities analysts forecast that FuelCell Energy, Inc. will post -1.84 earnings per share for the current fiscal year.
Institutional Investors Weigh In On FuelCell Energy
A number of hedge funds have recently made changes to their positions in FCEL. Kestra Advisory Services LLC purchased a new stake in shares of FuelCell Energy in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its stake in FuelCell Energy by 1,316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company's stock worth $59,000 after purchasing an additional 7,080 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in FuelCell Energy during the fourth quarter valued at about $78,000. Franklin Resources Inc. bought a new position in shares of FuelCell Energy during the fourth quarter valued at about $84,000. Finally, Optiver Holding B.V. purchased a new position in shares of FuelCell Energy in the first quarter worth about $88,000. 42.78% of the stock is currently owned by institutional investors.
FuelCell Energy News Summary
Here are the key news stories impacting FuelCell Energy this week:
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of FuelCell Energy from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, May 20th. Wells Fargo & Company upped their target price on shares of FuelCell Energy from $6.00 to $8.00 and gave the stock an "underweight" rating in a research report on Tuesday, June 16th. UBS Group increased their target price on FuelCell Energy from $7.25 to $22.00 and gave the company a "neutral" rating in a research note on Friday, June 26th. Canaccord Genuity Group lifted their price target on FuelCell Energy from $12.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Finally, Jefferies Financial Group upgraded FuelCell Energy from a "hold" rating to a "buy" rating and upped their price objective for the stock from $16.00 to $24.00 in a report on Friday, June 26th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $22.00.
Get Our Latest Analysis on FCEL
FuelCell Energy Company Profile
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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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