FuelCell Energy (NASDAQ:FCEL) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

FuelCell Energy, Inc. (NASDAQ:FCEL)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.84 and traded as high as $7.65. FuelCell Energy shares last traded at $7.49, with a volume of 1,143,032 shares trading hands.

Wall Street Analysts Forecast Growth

FCEL has been the topic of a number of recent research reports. UBS Group raised their price target on shares of FuelCell Energy from $4.50 to $7.25 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a report on Friday, December 19th. Canaccord Genuity Group reiterated a “hold” rating and issued a $12.00 price target on shares of FuelCell Energy in a research note on Friday, December 19th. TD Cowen raised their price objective on FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Finally, Wall Street Zen raised FuelCell Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.06.

FuelCell Energy Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63. The company has a market cap of $357.57 million, a P/E ratio of -0.96 and a beta of 1.13. The stock’s fifty day moving average price is $7.65 and its two-hundred day moving average price is $6.84.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, December 18th. The energy company reported ($0.83) EPS for the quarter, beating the consensus estimate of ($0.97) by $0.14. FuelCell Energy had a negative net margin of 118.80% and a negative return on equity of 18.85%. The business had revenue of $55.02 million during the quarter, compared to the consensus estimate of $47.23 million. During the same period in the previous year, the business earned ($1.99) earnings per share. As a group, equities analysts predict that FuelCell Energy, Inc. will post -6.11 earnings per share for the current year.

Insider Buying and Selling at FuelCell Energy

In related news, Director Betsy B. Bingham sold 8,608 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total transaction of $73,340.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in shares of FuelCell Energy by 31.9% in the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock worth $103,000 after acquiring an additional 4,435 shares during the last quarter. Rhumbline Advisers increased its position in FuelCell Energy by 21.1% during the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after purchasing an additional 5,585 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in FuelCell Energy by 1,316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after purchasing an additional 7,080 shares during the last quarter. MinichMacGregor Wealth Management LLC acquired a new stake in FuelCell Energy in the second quarter valued at approximately $56,000. Finally, Independent Advisor Alliance bought a new stake in shares of FuelCell Energy during the third quarter worth $80,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.