FuelCell Energy (NASDAQ:FCEL) Shares Gap Down – Time to Sell?

FuelCell Energy, Inc. (NASDAQ:FCEL) gapped down prior to trading on Thursday . The stock had previously closed at $19.92, but opened at $18.90. FuelCell Energy shares last traded at $19.07, with a volume of 2,620,588 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Jefferies Financial Group set a $7.20 target price on FuelCell Energy and gave the stock a “hold” rating in a research report on Tuesday, March 10th. Zacks Research downgraded FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings downgraded FuelCell Energy from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company decreased their target price on FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, March 10th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $8.24.

FuelCell Energy Price Performance

The stock has a market cap of $1.13 billion, a PE ratio of -3.09 and a beta of 2.22. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.96 and a quick ratio of 6.51. The business has a fifty day moving average of $9.38 and a 200 day moving average of $8.39.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.16. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%.The firm had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $42.22 million. Sell-side analysts anticipate that FuelCell Energy, Inc. will post -2.18 earnings per share for the current year.

Institutional Trading of FuelCell Energy

Several institutional investors and hedge funds have recently bought and sold shares of FCEL. Kestra Advisory Services LLC acquired a new stake in FuelCell Energy during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its stake in FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after buying an additional 7,080 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in FuelCell Energy during the fourth quarter valued at approximately $78,000. Independent Advisor Alliance acquired a new stake in FuelCell Energy during the third quarter valued at approximately $80,000. Finally, Franklin Resources Inc. acquired a new stake in FuelCell Energy during the fourth quarter valued at approximately $84,000. 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.