Fuelcell Energy Inc (FCEL) Stock Could Soon Reward Patient Investors

Fuelcell Energy Inc (NASDAQ: FCEL) is -14.38% lower on its value in year-to-date trading and has touched a low of $0.98 and a high of $4.02 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 $1.25 in the last trading session, with the day’s gains setting it 0.12%.

Currently trading at $1.37, the stock is 12.62% and 1.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.5 million and changing 9.60% at the moment leaves the stock -16.92% off its SMA200. FCEL registered -63.07% loss for a year compared to 6-month loss of -27.89%. The firm has a 50-day simple moving average (SMA 50) of $3.78 and a 200-day simple moving average (SMA200) of -$6.23.

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The stock witnessed a 3.79% gain in the last 1 month and extending the period to 3 months gives it a 20.18%, and is 7.87% up 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 7.40% over the week and 7.51% over the month.

Profit margin for the company is -89.77%. Distance from 52-week low is 39.65% and -65.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.87%).

Fuelcell Energy Inc quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $25.96M over the same period.The EPS is expected to shrink by -12.67% this year, but quarterly earnings will post 5.80% year-over-year.

Fuelcell Energy Inc (FCEL) Top Institutional Holders

322 institutions hold shares in Fuelcell Energy Inc (FCEL), with institutional investors hold 45.54% of the company’s shares. The shares outstanding are 451.80M, and float is at 450.40M with Short Float at 19.25%. Institutions hold 45.44% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 42.42 million shares valued at $91.63 million. The investor’s holdings represent 10.43% of the FCEL Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 38.1 million shares valued at $82.3 million to account for 9.37% of the shares outstanding. The other top investors are Legal & General Group PLC which holds 13.75 million shares representing 3.38% and valued at over $29.7 million, while State Street Corporation holds 3.08% of the shares totaling 12.52 million with a market value of $27.05 million.

Fuelcell Energy Inc (FCEL) Insider Activity

A total of 24 insider transactions have happened at Fuelcell Energy Inc (FCEL) in the last six months, with sales accounting for 12 and purchases happening 12 times.