FuelCell Energy (NASDAQ:FCEL) Sees Strong Trading Volume – What’s Next?

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) saw an uptick in trading volume on Thursday . 5,020,618 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 4,155,198 shares.The stock last traded at $23.2610 and had previously closed at $20.22.

Analyst Ratings Changes

Several research firms have commented on FCEL. Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. 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 dropped 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, Weiss Ratings raised FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FuelCell Energy has an average rating of “Reduce” and a consensus target price of $8.24.

FuelCell Energy Stock Down 5.2%

The company has a 50 day moving average price of $10.77 and a two-hundred day moving average price of $8.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.96 and a quick ratio of 6.51. The stock has a market cap of $1.33 billion, a PE ratio of -3.62 and a beta of 2.22.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new position in shares of FuelCell Energy in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its position in FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after acquiring an additional 7,080 shares during the last quarter. Independent Advisor Alliance purchased a new stake in FuelCell Energy during the third quarter valued at $80,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in FuelCell Energy during the fourth quarter valued at $78,000. Finally, Franklin Resources Inc. purchased a new stake in FuelCell Energy during the fourth quarter valued at $84,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

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.