FuelCell Energy (NASDAQ:FCEL) Shares Up 5.5%

FuelCell Energy, Inc. (NASDAQ:FCEL)’s share price shot up 5.5% during trading on Wednesday . The company traded as high as $1.16 and last traded at $1.16. 3,285,916 shares traded hands during trading, a decline of 73% from the average session volume of 12,185,366 shares. The stock had previously closed at $1.10.

FuelCell Energy Stock Up 2.6 %

The business has a fifty day simple moving average of $1.21 and a 200-day simple moving average of $1.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 8.26 and a quick ratio of 6.35.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. FuelCell Energy had a negative return on equity of 15.89% and a negative net margin of 105.56%. The business had revenue of $16.69 million during the quarter, compared to analyst estimates of $25.74 million. During the same period in the prior year, the company earned ($0.05) earnings per share. FuelCell Energy’s revenue was down 55.0% compared to the same quarter last year. As a group, research analysts forecast that FuelCell Energy, Inc. will post -0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FuelCell Energy

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new stake in FuelCell Energy during the first quarter valued at about $62,000. Sei Investments Co. bought a new stake in shares of FuelCell Energy in the 1st quarter worth approximately $34,000. SkyView Investment Advisors LLC bought a new stake in shares of FuelCell Energy in the 1st quarter worth approximately $37,000. Arete Wealth Advisors LLC bought a new stake in shares of FuelCell Energy in the 1st quarter worth approximately $38,000. Finally, Federated Hermes Inc. purchased a new position in FuelCell Energy in the 1st quarter worth approximately $85,000. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.