FuelCell Energy (NASDAQ:FCEL) Shares Down 12% – Should You Sell?

FuelCell Energy, Inc. (NASDAQ:FCEL)’s stock price fell 12% on Tuesday . The stock traded as low as $26.70 and last traded at $26.1760. Approximately 3,190,073 shares traded hands during trading, a decline of 49% from the average session volume of 6,253,293 shares. The stock had previously closed at $29.73.

Analyst Upgrades and Downgrades

Several analysts have commented on FCEL shares. UBS Group raised their target price on shares of FuelCell Energy from $7.25 to $22.00 and gave the stock a “neutral” rating in a report on Friday, June 26th. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a report on Tuesday, June 9th. Wall Street Zen cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Canaccord Genuity Group upped their target price on shares of FuelCell Energy from $12.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, B. Riley Financial raised FuelCell Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.00 to $32.00 in a research note on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.00.

FuelCell Energy Stock Down 10.1%

The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.81 billion, a P/E ratio of -4.09 and a beta of 2.31. The firm’s 50 day moving average price is $20.47 and its two-hundred day moving average price is $12.25.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Monday, June 8th. The energy company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.01). The business had revenue of $35.59 million during the quarter, compared to the consensus estimate of $40.47 million. FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.During the same period in the prior year, the firm earned ($1.79) EPS. Equities research analysts forecast that FuelCell Energy, Inc. will post -1.84 EPS for the current year.

Hedge Funds Weigh In On FuelCell Energy

Hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of FuelCell Energy in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its position 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 purchasing an additional 7,080 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in FuelCell Energy in the fourth quarter valued at approximately $78,000. Franklin Resources Inc. bought a new position in FuelCell Energy in the fourth quarter valued at approximately $84,000. Finally, Optiver Holding B.V. acquired a new position in shares of FuelCell Energy during the 1st quarter worth approximately $88,000. Institutional investors own 42.78% of the company’s stock.

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.