FuelCell Energy (NASDAQ:FCEL) Stock Price Down 12.2% – Should You Sell?

FuelCell Energy, Inc. (NASDAQ:FCEL)’s share price traded down 12.2% on Monday . The company traded as low as $18.45 and last traded at $18.7640. 3,523,850 shares changed hands during trading, a decline of 8% from the average session volume of 3,824,102 shares. The stock had previously closed at $21.36.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the stock a “hold” rating in a report on Tuesday, March 10th. Wall Street Zen lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Finally, Weiss Ratings lowered shares of FuelCell Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, FuelCell Energy has an average rating of “Reduce” and an average target price of $8.24.

FuelCell Energy Stock Down 19.5%

The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $9.38 and its 200 day simple moving average is $8.40. The firm has a market capitalization of $910.80 million, a PE ratio of -2.47 and a beta of 2.22.

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

Institutional Trading of FuelCell Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in FuelCell Energy in the fourth quarter worth about $21,149,000. Invesco Ltd. lifted its holdings in FuelCell Energy by 75.4% in the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock worth $11,005,000 after buying an additional 647,151 shares during the period. CenterBook Partners LP purchased a new stake in FuelCell Energy in the fourth quarter worth about $9,348,000. Renaissance Technologies LLC lifted its holdings in FuelCell Energy by 14.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company’s stock worth $8,915,000 after buying an additional 150,600 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in FuelCell Energy by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after buying an additional 23,981 shares during the period. 42.78% of the stock is currently owned by hedge funds and other 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.