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FuelCell Energy Inc. (FCEL) Vs. Red Rock Resorts Inc. (RRR): Updated Outlook

FuelCell Energy Inc. (NASDAQ: FCEL) shares are 14.74% up in the year-to-date (YTD) period and have moved 3.78% or $0.1 higher in the latest trading session. However, stock’s trailing 12-month performance remains nearly +188.00% lower. Comparatively, the stock is -17.71% down YTD and 32.72% over the trailing 3-month period. If we look at the shorter duration, its week performance is -5.88% and 17.07% over the month.

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Analyst Recommendations

On March 16, 2020, Craig Hallum recommended the FCEL stock is a Hold, while earlier, Craig Hallum had Downgrade the stock as a Sell on June 12, 2020. 4 analysts offering the recommendations for the stock have a consensus rating of 3.20 to suggest that the FCEL stock is a “Hold. 1 of the 4 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 0 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $2.88 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $2.42. The forecasts give the FuelCell Energy Inc. stock a price target range of $3.00 on the higher side while at least one analyst think the stock could plunge to a low of $1.50. The two limits represent an upside potential of 4.0% or -92.0%.

Earnings Forecast

Analysts estimate the earnings to decrease 0.00% in the current quarter to -$0.06, up from the -$0.18 reported in the same quarter a year ago. For the current year, earnings should grow to an average of -$0.4, up 13.10% from -$1.45 reported last year. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between -$0.07 and -$0.05. Wall Street estimates earnings per share to be at an average of -$0.26 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 21 over the last 12 months, while SEC filings reveal that there have been 14 insider sales over the same period. Insiders have purchases 202,562 shares while those sold by company executives and officers stand at 17,481. The last 3 months have seen insiders trade a total of 22,619 and 0 in purchases and sales respectively.

Red Rock Resorts Inc. (NASDAQ:RRR), on the other hand, is trading around $16.91 with a market cap of $2.03B and analyst research firms have a positive stance on its shares. Analysts predict that the stock will reach $14.88 and spell out a less modest performance – a -13.64% return. Some analysts are even forecasting -$2.41 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Red Rock Resorts Inc. (RRR) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

RRR’s operating margin was negative on the trailing 12 months basis, remaining steady at -2.60%, while the operating expenses over the recent quarter were at $139.13 million. This represented a -28.27% of the company’s total revenues which amounted $108.47 million. With this in place, we can see that the company’s diluted EPS declined -$1.01 on the year-over-year period, shrinking to -$0.06 as given in the last earnings report.

In terms of the balance sheet & cash flow as of (Sep 2020), the total assets figure advanced to $4.03 billion from $4.9 billion over the previous quarter. The cash flow from operating activities totaled -$56.41 million, significantly lower than the $143.15 million reported in the year-ago quarter. The company’s free cash flow for the quarter was -$97.69 million.

Insider activity

Insiders have transacted a total of 37 times at Red Rock Resorts Inc. over the last 6 months, with insider purchases undertaken 36 times and accounting for 2,735,400 shares. Insider sales totaled 675,000 shares over the same period, with these deals completed in 1 transactions. Looking at these numbers, we realize that net purchases over that period are 35.0 shares. Insiders now hold a total of 2.8M shares after the latest sales, with -194.80% net shares purchased.

Major holders

Insiders own 3.96% of the company shares, while shares held by institutions stand at 87.30% with a share float percentage of 65.43M. Investors are also buoyed by the number of investors in a company, with Red Rock Resorts Inc. having a total of 196 institutions that hold shares in the company. The top two institutional holders are BAMCO Inc. with over 6.82 million shares worth more than $74.42 million. As of Jun 29, 2020, BAMCO Inc. held 9.58% of shares outstanding.

The other major institutional holder is Diamond Hill Capital Management Inc, with the investment firm holding over 6.71 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $73.21 million and represent 9.42% of shares outstanding.

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