FuelCell Energy (NASDAQ:FCEL) Sees Strong Trading Volume – Still a Buy?

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) saw unusually-strong trading volume on Tuesday . Approximately 3,174,941 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 1,832,400 shares.The stock last traded at $9.7110 and had previously closed at $8.65.

Analyst Ratings Changes

Several brokerages have recently weighed in on FCEL. Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, December 29th. Wells Fargo & Company reduced their price target on FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Tuesday, March 10th. Zacks Research downgraded FuelCell Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Jefferies Financial Group set a $7.20 price target on FuelCell Energy and gave the company a “hold” rating in a report on Tuesday, March 10th. Finally, Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, FuelCell Energy currently has an average rating of “Reduce” and a consensus price target of $8.24.

FuelCell Energy Price Performance

The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $7.25 and a two-hundred day moving average price of $7.82. The stock has a market capitalization of $513.75 million, a P/E ratio of -1.44 and a beta of 1.41.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, topping 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 company had revenue of $30.53 million during the quarter, compared to the consensus estimate of $42.22 million. On average, analysts expect that FuelCell Energy, Inc. will post -1.98 EPS for the current year.

Institutional Investors Weigh In On FuelCell Energy

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new stake in FuelCell Energy in the 3rd quarter worth about $944,000. Independent Advisor Alliance bought a new stake in FuelCell Energy in the 3rd quarter worth about $80,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in FuelCell Energy in the 4th quarter worth about $78,000. Caitong International Asset Management Co. Ltd increased its holdings in FuelCell Energy by 1,316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after buying an additional 7,080 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in FuelCell Energy in the 4th quarter worth about $29,000. 42.78% of the stock is currently owned by institutional investors.

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.