FuelCell Energy (NASDAQ:FCEL) Shares Down 3.4%

FuelCell Energy, Inc. (NASDAQ:FCEL)’s stock price fell 3.4% during trading on Monday . The company traded as low as $0.40 and last traded at $0.40. 20,373,100 shares traded hands during trading, a decline of 38% from the average session volume of 32,622,914 shares. The stock had previously closed at $0.42.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on FCEL shares. UBS Group cut their price objective on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating for the company in a report on Tuesday, August 6th. B. Riley raised FuelCell Energy to a “hold” rating in a research report on Tuesday, June 25th.

FuelCell Energy Price Performance

The company’s 50-day moving average is $0.53 and its 200-day moving average is $0.83. The firm has a market cap of $191.31 million, a price-to-earnings ratio of -1.54 and a beta of 3.90. The company has a current ratio of 6.55, a quick ratio of 4.80 and a debt-to-equity ratio of 0.20.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results 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. FuelCell Energy had a negative return on equity of 15.66% and a negative net margin of 123.30%. The company had revenue of $22.42 million for the quarter, compared to analyst estimates of $22.12 million. During the same quarter last year, the company posted ($0.09) EPS. Equities research analysts predict that FuelCell Energy, Inc. will post -0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caxton Associates LP increased its position in FuelCell Energy by 212.0% during the 4th quarter. Caxton Associates LP now owns 1,457,980 shares of the energy company’s stock worth $2,333,000 after purchasing an additional 990,648 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of FuelCell Energy by 66.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,443,666 shares of the energy company’s stock worth $1,718,000 after buying an additional 574,042 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of FuelCell Energy by 60.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,488,300 shares of the energy company’s stock valued at $2,381,000 after acquiring an additional 562,800 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FuelCell Energy by 13.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,571,508 shares of the energy company’s stock valued at $5,714,000 after acquiring an additional 430,184 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its position in FuelCell Energy by 65.3% during the 4th quarter. Rafferty Asset Management LLC now owns 1,081,062 shares of the energy company’s stock worth $1,730,000 after acquiring an additional 426,984 shares during the last quarter. 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.