FuelCell Energy (FCEL) Sets New 12-Month Low at $0.60

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Shares of FuelCell Energy Inc (NASDAQ:FCEL) reached a new 52-week low on Thursday . The stock traded as low as $0.60 and last traded at $0.63, with a volume of 1123678 shares changing hands. The stock had previously closed at $0.64.

Several research firms have weighed in on FCEL. Zacks Investment Research raised FuelCell Energy from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research report on Tuesday, November 27th. Roth Capital cut FuelCell Energy from a “buy” rating to a “hold” rating and set a $1.00 price objective on the stock. in a research report on Friday, November 23rd. ValuEngine raised FuelCell Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, B. Riley set a $4.00 price objective on FuelCell Energy and gave the company a “buy” rating in a research report on Friday, September 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. FuelCell Energy presently has a consensus rating of “Buy” and a consensus target price of $2.19.

The stock has a market cap of $59.92 million, a price-to-earnings ratio of -0.57 and a beta of 1.72. The company has a quick ratio of 1.23, a current ratio of 1.94 and a debt-to-equity ratio of 0.81.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, September 6th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.01). FuelCell Energy had a negative net margin of 36.18% and a negative return on equity of 45.52%. The business had revenue of $12.11 million for the quarter, compared to analysts’ expectations of $11.57 million. During the same quarter in the previous year, the business posted ($0.31) earnings per share. Equities analysts predict that FuelCell Energy Inc will post -0.75 EPS for the current year.

In other FuelCell Energy news, Director John A. Rolls bought 100,000 shares of the stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average cost of $0.75 per share, for a total transaction of $75,000.00. Following the completion of the acquisition, the director now owns 417,274 shares of the company’s stock, valued at $312,955.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.11% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in FCEL. BlackRock Inc. lifted its holdings in shares of FuelCell Energy by 385.2% during the second quarter. BlackRock Inc. now owns 4,820,953 shares of the energy company’s stock valued at $6,364,000 after purchasing an additional 3,827,437 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of FuelCell Energy by 437.8% during the second quarter. Northern Trust Corp now owns 870,594 shares of the energy company’s stock valued at $1,149,000 after purchasing an additional 708,722 shares during the last quarter. Levin Capital Strategies L.P. lifted its holdings in shares of FuelCell Energy by 12.3% during the second quarter. Levin Capital Strategies L.P. now owns 2,698,703 shares of the energy company’s stock valued at $3,562,000 after purchasing an additional 296,075 shares during the last quarter. Vanguard Group Inc. raised its holdings in FuelCell Energy by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,803,502 shares of the energy company’s stock worth $4,069,000 after acquiring an additional 220,519 shares during the last quarter. Finally, Robecosam AG raised its holdings in FuelCell Energy by 16.7% in the 3rd quarter. Robecosam AG now owns 1,400,000 shares of the energy company’s stock worth $1,540,000 after acquiring an additional 200,000 shares during the last quarter. Hedge funds and other institutional investors own 21.81% of the company’s stock.

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About FuelCell Energy (NASDAQ:FCEL)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.

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