FuelCell Energy (NASDAQ:FCEL) Trading Down 11.2% – Time to Sell?

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

Wall Street Analyst Weigh In

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

FuelCell Energy Stock Performance

The stock has a market cap of $601.59 million, a price-to-earnings ratio of -1.65 and a beta of 1.41. The company’s 50 day simple moving average is $7.48 and its 200 day simple moving average is $7.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 6.51 and a current ratio of 7.96.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.16. The company had revenue of $30.53 million during the quarter, compared to analyst estimates of $42.22 million. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. On average, equities research analysts anticipate that FuelCell Energy, Inc. will post -1.98 earnings per share for the current year.

Hedge Funds Weigh In On FuelCell Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of FuelCell Energy in the 3rd quarter worth $944,000. Oxford Asset Management LLP acquired a new position in FuelCell Energy during the fourth quarter worth about $139,000. PharVision Advisers LLC bought a new stake in FuelCell Energy in the third quarter worth about $107,000. Bank of America Corp DE lifted its holdings in FuelCell Energy by 31.9% in the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock valued at $103,000 after acquiring an additional 4,435 shares during the last quarter. Finally, Jain Global LLC acquired a new stake in FuelCell Energy in the 4th quarter valued at about $96,000. 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.