FuelCell Energy (NASDAQ:FCEL) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

FuelCell Energy, Inc. (NASDAQ:FCEL) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.17 and traded as high as $8.29. FuelCell Energy shares last traded at $7.35, with a volume of 2,755,292 shares traded.

Wall Street Analyst Weigh In

FCEL has been the topic of a number of recent research reports. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, December 29th. Wall Street Zen cut FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. TD Cowen raised their price objective on FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a report on Friday, December 19th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $9.06.

FuelCell Energy Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 6.63 and a quick ratio of 5.36. The stock has a fifty day simple moving average of $8.13 and a two-hundred day simple moving average of $7.17. The firm has a market capitalization of $350.87 million, a P/E ratio of -0.94 and a beta of 1.13.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, December 18th. The energy company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($0.97) by $0.14. FuelCell Energy had a negative net margin of 118.80% and a negative return on equity of 18.85%. The company had revenue of $55.02 million during the quarter, compared to the consensus estimate of $47.23 million. During the same quarter last year, the firm posted ($1.99) EPS. On average, research analysts predict that FuelCell Energy, Inc. will post -6.11 EPS for the current year.

Insiders Place Their Bets

In other FuelCell Energy news, Director Betsy B. Bingham sold 8,608 shares of FuelCell Energy stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $8.52, for a total value of $73,340.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.35% of the company’s stock.

Institutional Trading of FuelCell Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised 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 worth $59,000 after buying an additional 7,080 shares during the period. Independent Advisor Alliance bought a new stake in shares of FuelCell Energy during the third quarter valued at approximately $80,000. Bank of America Corp DE raised its position in shares of FuelCell Energy by 31.9% during the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock worth $103,000 after purchasing an additional 4,435 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of FuelCell Energy by 638.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company’s stock worth $107,000 after purchasing an additional 16,440 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in FuelCell Energy in the 3rd quarter valued at $107,000. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Company Profile

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.