FuelCell Energy (FCEL) Sees Unusually-High Trading Volume
Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) saw an uptick in trading volume on Thursday . 6,197,972 shares changed hands during mid-day trading, an increase of 364% from the previous session’s volume of 1,337,115 shares.The stock last traded at $1.71 and had previously closed at $1.63.
A number of brokerages recently commented on FCEL. B. Riley restated a “neutral” rating on shares of FuelCell Energy in a research report on Wednesday, November 1st. Cowen set a $2.00 price target on FuelCell Energy and gave the stock a “buy” rating in a research report on Friday, August 11th. Raymond James Financial began coverage on FuelCell Energy in a research report on Tuesday, August 15th. They issued a “market perform” rating on the stock. Zacks Investment Research cut FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Oppenheimer assumed coverage on FuelCell Energy in a research report on Wednesday, October 4th. They issued an “outperform” rating and a $4.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. FuelCell Energy currently has a consensus rating of “Hold” and a consensus target price of $2.90.
The company has a debt-to-equity ratio of 0.70, a current ratio of 2.71 and a quick ratio of 1.36.
FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.08). The business had revenue of $10.36 million during the quarter, compared to the consensus estimate of $16.78 million. FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The business’s revenue was down 52.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.38) EPS. research analysts predict that FuelCell Energy, Inc. will post -1.19 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in FCEL. LMR Partners LLP bought a new stake in shares of FuelCell Energy during the second quarter worth about $142,000. Bank of New York Mellon Corp grew its holdings in shares of FuelCell Energy by 13.3% during the first quarter. Bank of New York Mellon Corp now owns 123,805 shares of the energy company’s stock worth $170,000 after purchasing an additional 14,521 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of FuelCell Energy by 90.1% in the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after acquiring an additional 65,392 shares during the period. CNA Financial Corp lifted its stake in shares of FuelCell Energy by 300.0% in the second quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock worth $257,000 after acquiring an additional 155,367 shares during the period. Finally, KBC Group NV lifted its stake in shares of FuelCell Energy by 170.5% in the third quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock worth $409,000 after acquiring an additional 147,155 shares during the period. Institutional investors own 14.58% of the company’s stock.
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About FuelCell Energy
Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.
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