FuelCell Energy (NASDAQ:FCEL) Shares Set to Reverse Split on Monday, November 11th

FuelCell Energy, Inc. (NASDAQ:FCEL) shares are scheduled to reverse split before the market opens on Monday, November 11th. The 1-30 reverse split was announced on Thursday, November 7th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 8th.

FuelCell Energy Trading Down 15.1 %

Shares of FCEL stock opened at $0.25 on Friday. The stock has a 50 day simple moving average of $0.38 and a 200 day simple moving average of $0.58. FuelCell Energy has a 1 year low of $0.25 and a 1 year high of $1.84. The company has a current ratio of 6.91, a quick ratio of 4.97 and a debt-to-equity ratio of 0.18. The stock has a market cap of $139.06 million, a P/E ratio of -0.96 and a beta of 3.91.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, September 5th. The energy company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $23.22 million. FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. During the same period in the previous year, the firm earned ($0.06) EPS. On average, research analysts predict that FuelCell Energy will post -0.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Canaccord Genuity Group decreased their target price on shares of FuelCell Energy from $1.50 to $1.25 and set a “hold” rating on the stock in a report on Friday, September 6th. UBS Group reduced their price target on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SageView Advisory Group LLC acquired a new stake in shares of FuelCell Energy in the 1st quarter valued at approximately $41,000. Algert Global LLC acquired a new stake in FuelCell Energy in the second quarter valued at approximately $29,000. AQR Capital Management LLC boosted its position in FuelCell Energy by 106.0% in the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after buying an additional 26,223 shares in the last quarter. Fermata Advisors LLC grew its stake in shares of FuelCell Energy by 54.5% during the second quarter. Fermata Advisors LLC now owns 82,500 shares of the energy company’s stock worth $53,000 after buying an additional 29,113 shares during the last quarter. Finally, Bogart Wealth LLC increased its holdings in shares of FuelCell Energy by 21,285.7% during the third quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after buying an additional 111,750 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

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.