FuelCell Energy (NASDAQ:FCEL) Trading 9.6% Higher – What’s Next?

FuelCell Energy, Inc. (NASDAQ:FCEL)’s stock price traded up 9.6% during trading on Wednesday . The company traded as high as $19.07 and last traded at $19.0260. 4,169,143 shares traded hands during trading, an increase of 4% from the average session volume of 4,011,220 shares. The stock had previously closed at $17.36.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings downgraded FuelCell Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Jefferies Financial Group set a $7.20 target price on FuelCell Energy and gave the stock a “hold” rating in a report on Tuesday, March 10th. Wells Fargo & Company reduced their target price on FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, March 10th. Finally, Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Seven research 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 price target of $8.24.

FuelCell Energy Trading Up 15.3%

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 stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -2.90 and a beta of 2.22. The firm has a 50-day moving average of $9.77 and a 200 day moving average of $8.53.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.16. The firm had revenue of $30.53 million during the quarter, compared to analyst estimates of $42.22 million. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%. As a group, equities analysts predict that FuelCell Energy, Inc. will post -2.18 EPS for the current fiscal year.

Institutional Investors Weigh In On FuelCell Energy

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

About FuelCell Energy

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.