FuelCell Energy (NASDAQ:FCEL) Trading Up 14.3% – Should You Buy?

FuelCell Energy, Inc. (NASDAQ:FCEL) was up 14.3% on Monday . The company traded as high as $14.50 and last traded at $15.6580. Approximately 1,527,922 shares were traded during trading, a decline of 52% from the average daily volume of 3,186,911 shares. The stock had previously closed at $13.70.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of FuelCell Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. 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. Zacks Research cut shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, Wells Fargo & Company dropped their target price on FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, March 10th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, FuelCell Energy has an average rating of “Reduce” and a consensus price target of $8.24.

FuelCell Energy Trading Up 7.2%

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 stock has a market capitalization of $905.43 million, a P/E ratio of -2.47 and a beta of 2.22. The firm’s 50-day simple moving average is $8.62 and its 200 day simple moving average is $8.12.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) earnings per share for the quarter, beating 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 company had revenue of $30.53 million during the quarter, compared to analyst estimates of $42.22 million. Equities research analysts anticipate that FuelCell Energy, Inc. will post -2.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FCEL. Legal & General Group Plc acquired a new position in shares of FuelCell Energy in the 4th quarter worth $21,149,000. Invesco Ltd. lifted its holdings in shares of FuelCell Energy by 75.4% during the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after purchasing an additional 647,151 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of FuelCell Energy during the fourth quarter valued at $9,348,000. Renaissance Technologies LLC boosted its position in shares of FuelCell Energy by 14.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company’s stock valued at $8,915,000 after purchasing an additional 150,600 shares during the period. Finally, Vanguard Group Inc. increased its stake in FuelCell Energy by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after purchasing an additional 23,981 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

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.