FuelCell Energy (NASDAQ:FCEL) Trading Down 11.2% – What’s Next?

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) fell 11.2% during trading on Friday . The stock traded as low as $11.32 and last traded at $10.8130. 906,304 shares were traded during mid-day trading, a decline of 61% from the average session volume of 2,350,342 shares. The stock had previously closed at $12.17.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FCEL. Wall Street Zen lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Zacks Research downgraded shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wells Fargo & Company cut their price target on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 10th. Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Finally, Jefferies Financial Group set a $7.20 price target on shares of FuelCell Energy and gave the stock a “hold” rating in a research note on Tuesday, March 10th. Seven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, FuelCell Energy presently has an average rating of “Reduce” and a consensus price target of $8.24.

FuelCell Energy Price Performance

The stock has a market cap of $592.32 million, a PE ratio of -1.62 and a beta of 1.41. 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 company’s 50 day moving average is $7.56 and its 200-day moving average is $7.87.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.16. The firm had revenue of $30.53 million for the quarter, compared to the consensus estimate of $42.22 million. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. As a group, sell-side analysts predict that FuelCell Energy, Inc. will post -1.98 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in FuelCell Energy during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its stake in FuelCell Energy by 1,316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after purchasing an additional 7,080 shares during the period. Independent Advisor Alliance acquired a new position in FuelCell Energy during the 3rd quarter valued at about $80,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in FuelCell Energy during the 4th quarter valued at about $78,000. Finally, Franklin Resources Inc. acquired a new position in FuelCell Energy during the 4th quarter valued at about $84,000. 42.78% of the stock is owned by institutional investors and hedge funds.

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.