Insider Selling: FuelCell Energy (NASDAQ:FCEL) EVP Sells $20,000.00 in Stock

FuelCell Energy, Inc. (NASDAQ:FCEL) EVP Shankar Achanta sold 2,500 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $8.00, for a total value of $20,000.00. Following the completion of the sale, the executive vice president owned 3,590 shares in the company, valued at $28,720. The trade was a 41.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

FuelCell Energy Stock Performance

FCEL stock opened at $12.17 on Friday. FuelCell Energy, Inc. has a 1 year low of $3.58 and a 1 year high of $12.43. The stock’s fifty day moving average is $7.48 and its two-hundred day moving average is $7.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 6.51 and a current ratio of 7.96. The stock has a market capitalization of $644.77 million, a price-to-earnings ratio of -1.76 and a beta of 1.41.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.16. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. The business had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $42.22 million. On average, research analysts predict that FuelCell Energy, Inc. will post -1.98 EPS for the current year.

Hedge Funds Weigh In On FuelCell Energy

A number of institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in FuelCell Energy during the fourth quarter valued at about $29,000. Bank of America Corp DE boosted its holdings in shares of FuelCell Energy by 31.9% in the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock worth $103,000 after buying an additional 4,435 shares during the period. Rhumbline Advisers boosted its holdings in shares of FuelCell Energy by 21.1% in the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after buying an additional 5,585 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of FuelCell Energy by 1,316.0% in the third 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 during the period. Finally, Independent Advisor Alliance acquired a new position in shares of FuelCell Energy in the third quarter worth about $80,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.