FuelCell Energy Inc. (NASDAQ:FCEL) has a beta value of 4.98 and has seen 13.94 million shares traded in the last trading session. The company, currently valued at $2.07B, closed the last trade at $6.12 per share which meant it lost -$0.3 on the day or -4.67% during that session. The FCEL stock price is -381.05% off its 52-week high price of $29.44 and 74.18% above the 52-week low of $1.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.2 million shares traded. The 3-month trading volume is 18.66 million shares.
The consensus among analysts is that FuelCell Energy Inc. (FCEL) is an Underweight stock at the moment, with a recommendation rating of 3.30. 4 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 11 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.05.
FuelCell Energy Inc. (NASDAQ:FCEL) trade information
Sporting -4.67% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the FCEL stock price touched $6.12 or saw a rise of 7.13%. Year-to-date, FuelCell Energy Inc. shares have moved -45.21%, while the 5-day performance has seen it change -2.55%. Over the past 30 days, the shares of FuelCell Energy Inc. (NASDAQ:FCEL) have changed -1.13%. Short interest in the company has seen 44.53 million shares shorted with days to cover at 2.43.
Wall Street analysts have a consensus price target for the stock at $8.13, which means that the shares’ value could jump 24.72% from current levels. The projected low price target is $3.00 while the price target rests at a high of $12.20. In that case, then, we find that the current price level is -99.35% off the targeted high while a plunge would see the stock lose 50.98% from current levels.
FuelCell Energy Inc. (FCEL) estimates and forecasts
Figures show that FuelCell Energy Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -51.51% over the past 6 months, with this year growth rate of 30.95%, compared to 17.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 37.50% and 55.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 2.10%.
7 analysts offering their estimates for the company have set an average revenue estimate of $20.69 million for the current quarter. 7 have an estimated revenue figure of $22.45 million for the next quarter concluding in Oct 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 51.80% over the past 5 years. Earnings growth for 2021 is a modest 77.10% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
FuelCell Energy Inc. is expected to release its next earnings report between September 08 and September 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
FuelCell Energy Inc. (NASDAQ:FCEL)’s Major holders
Insiders own 4.12% of the company shares, while shares held by institutions stand at 37.75% with a share float percentage of 39.37%. Investors are also buoyed by the number of investors in a company, with FuelCell Energy Inc. having a total of 336 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 23.84 million shares worth more than $343.47 million. As of Mar 30, 2021, Blackrock Inc. held 7.39% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 21.89 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $315.42 million and represent 6.79% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Mar 30, 2021, the former fund manager holds about 2.68% shares in the company for having 8.65 million shares of worth $124.7 million while later fund manager owns 7.42 million shares of worth $66.0 million as of Jun 29, 2021, which makes it owner of about 2.30% of company’s outstanding stock.