173 institutions hold shares in FuelCell Energy Inc. (FCEL), with 12.33M shares held by insiders accounting for 3.82% while institutional investors hold 33.47% of the company’s shares. The shares outstanding are 322.41M, and float is at 310.23M with Short Float at 8.74%. Institutions hold 32.19% of the Float.
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The top institutional shareholder in the company is Blackrock Inc. with over 21.19 million shares valued at $236.73 million. The investor’s holdings represent 6.57% of the FCEL Shares outstanding. As of Sep 29, 2020, the second largest holder is CVI Holdings, LLC with 19.0 million shares valued at $40.66 million to account for 5.89% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 11.71 million shares representing 3.63% and valued at over $25.07 million, while Invesco Ltd. holds 2.29% of the shares totaling 7.39 million with a market value of $15.82 million.
FuelCell Energy Inc. (NASDAQ: FCEL) is 81.02% higher on its value in year-to-date trading and has touched a low of $1.00 and a high of $29.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FCEL stock was last observed hovering at around $18.46 in the last trading session, with the day’s gains setting it 1.76% off its average median price target of $15.00 for the next 12 months. It is also -9.3% off the consensus price target high of $18.50 offered by 7 analysts, but current levels are -405.5% lower than the price target low of $4.00 for the same period.
Currently trading at $20.22, the stock is -10.24% and 24.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 39.0 million and changing 9.53% at the moment leaves the stock 224.58% off its SMA200. FCEL registered 674.71% gain for a year compared to 6-month gain of 537.85%. The firm has a 50-day simple moving average (SMA 50) of $19.92 and a 200-day simple moving average (SMA200) of $8.16.
The stock witnessed a 20.64% loss in the last 1 month and extending the period to 3 months gives it a 390.78%, and is -21.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.08% over the week and 13.03% over the month.
FuelCell Energy Inc. (FCEL) has around 316 employees, a market worth around $5.95B and $70.90M in sales. Distance from 52-week low is 1922.00% and -31.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.70%).
FuelCell Energy Inc. (FCEL) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for FuelCell Energy Inc. (FCEL) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 3.10, where 4 rate it as a Hold and 1 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
FuelCell Energy Inc. is expected to release its quarterly report on 06/11/2021 and quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $22.11M over the same period.The EPS is expected to grow by 77.10% this year, but quarterly earnings will post 26.60% year-over-year. Quarterly sales are estimated to grow 48.30% in year-over-year returns.
FuelCell Energy Inc. (FCEL) Insider Activity
A total of 5 insider transactions have happened at FuelCell Energy Inc. (FCEL) in the last six months, with sales accounting for 1 and purchases happening 4 times. The most recent transaction is an insider purchase by Few Jason, the company’s CEO. SEC filings show that Few Jason bought 11,000 shares of the company’s common stock on Jan 25 at a price of $17.99 per share for a total of $0.2 million. Following the purchase, the insider now owns 22134.0 shares.