FuelCell Energy (NASDAQ:FCEL) Director Betsy Bingham Sells 8,608 Shares of Stock

FuelCell Energy, Inc. (NASDAQ:FCEL) Director Betsy Bingham sold 8,608 shares of FuelCell Energy stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total transaction of $73,340.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

FuelCell Energy Stock Up 0.3%

Shares of FuelCell Energy stock traded up $0.03 during midday trading on Tuesday, hitting $8.79. The company’s stock had a trading volume of 2,839,091 shares, compared to its average volume of 2,156,959. FuelCell Energy, Inc. has a 1-year low of $3.58 and a 1-year high of $13.98. The company has a quick ratio of 5.36, a current ratio of 6.63 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $283.83 million, a P/E ratio of -1.12 and a beta of 1.17. The stock has a 50-day simple moving average of $7.84 and a 200-day simple moving average of $6.64.

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

Institutional Trading of FuelCell Energy

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its holdings in FuelCell Energy by 1,316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after purchasing an additional 7,080 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in shares of FuelCell Energy in the 2nd quarter valued at $56,000. Independent Advisor Alliance acquired a new stake in FuelCell Energy during the 3rd quarter worth $80,000. PharVision Advisers LLC acquired a new stake in FuelCell Energy during the 3rd quarter worth $107,000. Finally, Bank of America Corp DE lifted its holdings in FuelCell Energy by 31.9% during 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 in the last quarter. 42.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on FCEL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of FuelCell Energy in a research note on Monday. UBS Group upped their target price on shares of FuelCell Energy from $4.50 to $7.25 and gave the company a “neutral” rating in a research note on Wednesday, September 17th. Zacks Research upgraded shares of FuelCell Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Wall Street Zen raised FuelCell Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, TD Cowen increased their target price on shares of FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.06.

About FuelCell Energy

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.