FuelCell Energy Inc. (NASDAQ: FCEL) is -23.10% lower on its value in year-to-date trading and has touched a low of $1.51 and a high of $29.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FCEL stock was last observed hovering at around $9.21 in the last trading session, with the day’s loss setting it -0.62% off its average median price target of $12.25 for the next 12 months. It is also 50.06% off the consensus price target high of $17.20 offered by 10 analysts, but current levels are -114.75% lower than the price target low of $4.00 for the same period.
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Currently trading at $8.59, the stock is -31.24% and -47.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.88 million and changing -6.73% at the moment leaves the stock -1.70% off its SMA200. FCEL registered 433.54% gain for a year compared to 6-month gain of 268.67%. The firm has a 50-day simple moving average (SMA 50) of $16.08 and a 200-day simple moving average (SMA200) of $10.92.
The stock witnessed a -42.62% loss in the last 1 month and extending the period to 3 months gives it a -52.61%, and is -22.96% 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 11.58% over the week and 9.14% over the month.
FuelCell Energy Inc. (FCEL) has around 316 employees, a market worth around $2.71B and $69.50M in sales. Distance from 52-week low is 468.87% and -70.82% 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 “Underweight”. 10 analysts offering their recommendations for the stock have an average rating of 3.20, where 7 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 3 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 -$0.05 with sales reaching $18.86M over the same period.The EPS is expected to grow by 77.10% this year, but quarterly earnings will post 11.10% year-over-year.
FuelCell Energy Inc. (FCEL) Top Institutional Holders
290 institutions hold shares in FuelCell Energy Inc. (FCEL), with 13.22M shares held by insiders accounting for 4.10% while institutional investors hold 33.55% of the company’s shares. The shares outstanding are 312.11M, and float is at 310.19M with Short Float at 11.79%. Institutions hold 32.17% of the Float.
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 Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 15.41 million shares valued at $172.14 million to account for 4.78% of the shares outstanding. The other top investors are State Street Corporation which holds 6.87 million shares representing 2.13% and valued at over $76.75 million, while Geode Capital Management, LLC holds 1.43% of the shares totaling 4.6 million with a market value of $51.33 million.
FuelCell Energy Inc. (FCEL) Insider Activity
A total of 22 insider transactions have happened at FuelCell Energy Inc. (FCEL) in the last six months, with sales accounting for 11 and purchases happening 11 times. The most recent transaction is an insider sale by Groobey John Christopher, the company’s Director. SEC filings show that Groobey John Christopher sold 16,000 shares of the company’s common stock on Apr 09 at a price of $12.56 per share for a total of $0.2 million. Following the sale, the insider now owns 77972.0 shares.
FuelCell Energy Inc. disclosed in a document filed with the SEC on Apr 06 that Arasimowicz Jennifer D (EVP, Gen. Counsel, CAO, Secy) sold a total of 8,000 shares of the company’s common stock. The trade occurred on Apr 06 and was made at $13.46 per share for $0.11 million. Following the transaction, the insider now directly holds 14244.0 shares of the FCEL stock.
Still, SEC filings show that on Apr 05, Bishop Michael S. (EVP, CFO & Treasurer) disposed off 7,000 shares at an average price of $14.56 for $0.1 million. The insider now directly holds 24,476 shares of FuelCell Energy Inc. (FCEL).