FuelCell Energy (NASDAQ:FCEL) Stock Price Down 5.6%

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) traded down 5.6% during trading on Tuesday . The company traded as low as $0.38 and last traded at $0.38. 7,702,064 shares changed hands during trading, a decline of 76% from the average session volume of 32,475,453 shares. The stock had previously closed at $0.40.

Analyst Ratings Changes

Several analysts have issued reports on FCEL shares. UBS Group reduced their price target on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. B. Riley raised shares of FuelCell Energy to a “hold” rating in a report on Tuesday, June 25th.

FuelCell Energy Stock Up 1.9 %

The company has a market cap of $208.11 million, a PE ratio of -1.86 and a beta of 3.90. The company has a quick ratio of 4.80, a current ratio of 6.55 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $0.52 and its 200-day simple moving average is $0.82.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Monday, June 10th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.01. The business had revenue of $22.42 million for the quarter, compared to the consensus estimate of $22.12 million. FuelCell Energy had a negative net margin of 123.30% and a negative return on equity of 15.66%. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. As a group, equities research analysts expect that FuelCell Energy, Inc. will post -0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FuelCell Energy

Several institutional investors and hedge funds have recently modified their holdings of FCEL. Victory Capital Management Inc. increased its position in FuelCell Energy by 22.5% during the fourth quarter. Victory Capital Management Inc. now owns 60,575 shares of the energy company’s stock worth $97,000 after purchasing an additional 11,109 shares during the last quarter. Baader Bank Aktiengesellschaft increased its position in FuelCell Energy by 97.9% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 26,454 shares of the energy company’s stock worth $42,000 after purchasing an additional 13,084 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in FuelCell Energy by 15.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 113,371 shares of the energy company’s stock worth $181,000 after purchasing an additional 15,441 shares during the last quarter. BNP Paribas Financial Markets increased its position in FuelCell Energy by 6.6% during the fourth quarter. BNP Paribas Financial Markets now owns 305,760 shares of the energy company’s stock worth $489,000 after purchasing an additional 18,844 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after purchasing an additional 26,223 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Company Profile

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.