FuelCell Energy (FCEL) Trading Down 10%

FuelCell Energy Inc (NASDAQ:FCEL) dropped 10% during mid-day trading on Tuesday . The company traded as low as $0.24 and last traded at $0.25. Approximately 6,502,320 shares were traded during trading, an increase of 99% from the average daily volume of 3,268,157 shares. The stock had previously closed at $0.28.

FCEL has been the subject of a number of research analyst reports. Cowen set a $3.00 price target on FuelCell Energy and gave the stock a “buy” rating in a research note on Friday, March 8th. Zacks Investment Research lowered FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. B. Riley set a $3.00 target price on FuelCell Energy and gave the company a “buy” rating in a research report on Friday, January 11th. Finally, Craig Hallum lowered FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $1.94.

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.33 and a quick ratio of 0.71. The stock has a market cap of $35.61 million, a price-to-earnings ratio of -0.31 and a beta of 1.35.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, March 7th. The energy company reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.16). The firm had revenue of $17.78 million for the quarter, compared to the consensus estimate of $11.50 million. FuelCell Energy had a negative net margin of 88.47% and a negative return on equity of 53.97%. During the same period last year, the firm earned ($0.12) earnings per share. Equities analysts predict that FuelCell Energy Inc will post -0.7 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Osborn Williams & Donohoe LLC bought a new stake in FuelCell Energy during the 4th quarter valued at $39,000. Brave Asset Management Inc. raised its position in FuelCell Energy by 87.0% during the 4th quarter. Brave Asset Management Inc. now owns 106,600 shares of the energy company’s stock valued at $59,000 after purchasing an additional 49,600 shares in the last quarter. Rhumbline Advisers raised its position in FuelCell Energy by 38.2% during the 4th quarter. Rhumbline Advisers now owns 106,936 shares of the energy company’s stock valued at $59,000 after purchasing an additional 29,580 shares in the last quarter. GSA Capital Partners LLP bought a new stake in FuelCell Energy during the 4th quarter valued at $90,000. Finally, KBC Group NV raised its position in FuelCell Energy by 37.8% during the 4th quarter. KBC Group NV now owns 329,667 shares of the energy company’s stock valued at $181,000 after purchasing an additional 90,391 shares in the last quarter. 15.80% of the stock is owned by institutional investors and hedge funds.

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FuelCell Energy Company Profile (NASDAQ:FCEL)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource product line based on carbonate fuel cell technology in various configurations, including on-site power, utility grid support, distributed hydrogen, and micro-grid, as well as multi-megawatt applications; and SureSource Recovery power plants for natural gas pipeline applications.

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