In the last trading session, 39,002,361 shares of the FuelCell Energy, Inc.(NASDAQ:FCEL) were traded, and its beta was 5.17. Most recently the company’s share price was $20.22, and it changed around $1.76 or 0.1% from the last close, which brings the market valuation of the company to $6.52 Billion. FCEL currently trades at a discount to its 52-week high of $29.44, offering almost -45.6% off that amount. The share price’s 52-week low was $1, which indicates that the current value has risen by an impressive 95.05% since then. We note from FuelCell Energy, Inc.’s average daily trading volume that its 10-day average is 30.03 Million shares, with the 3-month average coming to 64.45 Million.
FuelCell Energy, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.1. If we narrow it down even further, the data shows that 2 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended FCEL as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. FuelCell Energy, Inc. is expected to report earnings per share of -$0.04 for the current quarter.
FuelCell Energy, Inc. (NASDAQ:FCEL): Trading Information
Instantly FCEL has showed a green trend with a performance of 9.53% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $26.64 on Tuesday, Feb 16 increased the stock’s daily price by 24.1%. The company’s shares are currently up 0.81% year-to-date, but still down -0.2151 over the last five days. On the other hand, FuelCell Energy, Inc. (NASDAQ:FCEL) is 0.12% up in the 30-day period. We can see from the shorts that 27.13 Million shares have been sold at a short interest cover period of 0.42 day(s).
The consensus price target as assigned by Wall Street analysts is $13, which translates to bears needing to reduce their stock price by -35.71% from its current value. Analyst projections state that FCEL is forecast to be at a low of $4 and a high of $18.5. In order for the stock price to hit the forecast high, the stock would need to surge -8.51% from its current level, while the stock would need to crash -80.22% from its current level to reach the projected low.
FuelCell Energy, Inc. (FCEL) projections and forecasts
FuelCell Energy, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +537.85 percent over the past six months and at a -57.14% annual growth rate that is well below the industry average of 1.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +80% in revenue this quarter, and will report an increase of 42.9% in the next quarter. The year-over-year growth rate is expected to be 26.6%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $22.11 Million in revenue for the current quarter. 5 analysts expect FuelCell Energy, Inc. to make $20.23 Million in revenue for the quarter ending April 01, 2021. The company’s sales for the same quarter a year ago was $14.91 Million. Analysts predict that the company’s current quarter sales will jump, forecast at 48.3%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 51.8%. FuelCell Energy, Inc. earnings are expected to increase by 77.1% in 2021, but the outlook is positive 15% per year for the next five years.
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FuelCell Energy, Inc. (NASDAQ:FCEL)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 3.82% of FuelCell Energy, Inc. shares, and 32.19% of them are in the hands of institutional investors. The stock currently has a share float of 33.47%. FuelCell Energy, Inc. stock is held by 173 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 6.57% of the shares, which is about 21.19 Million shares worth $236.73 Million.
CVI Holdings, LLC, with 5.89% or 19Million shares worth $40.66 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.