FuelCell Energy (NASDAQ:FCEL) Trading Up 12.9%

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) were up 12.9% during trading on Thursday . The company traded as high as $0.47 and last traded at $0.46. Approximately 30,819,104 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 32,471,695 shares. The stock had previously closed at $0.41.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FCEL shares. UBS Group lowered their price objective on FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a research report on Tuesday, August 6th. Canaccord Genuity Group decreased their target price on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a research report on Friday. Finally, B. Riley upgraded FuelCell Energy to a “hold” rating in a research report on Tuesday, June 25th.

FuelCell Energy Price Performance

The company has a current ratio of 6.55, a quick ratio of 4.80 and a debt-to-equity ratio of 0.20. The firm has a market cap of $217.31 million, a P/E ratio of -1.75 and a beta of 3.87. The company has a fifty day moving average price of $0.51 and a two-hundred day moving average price of $0.81.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, September 5th. The energy company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $23.22 million. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. During the same quarter in the previous year, the business posted ($0.06) EPS. Equities analysts anticipate that FuelCell Energy, Inc. will post -0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Baader Bank Aktiengesellschaft grew its holdings in FuelCell Energy by 97.9% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 26,454 shares of the energy company’s stock valued at $42,000 after buying an additional 13,084 shares in the last quarter. Aristides Capital LLC acquired a new position in FuelCell Energy in the 4th quarter valued at $48,000. SageView Advisory Group LLC acquired a new position in FuelCell Energy in the 1st quarter valued at $41,000. Algert Global LLC acquired a new position in FuelCell Energy in the 2nd quarter valued at $29,000. Finally, Quadrature Capital Ltd acquired a new position in FuelCell Energy in the 4th quarter valued at $79,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.