During the last session, FuelCell Energy Inc. (NASDAQ:FCEL)’s traded shares were 18.64 million, with the beta value of the company hitting 4.02. At the end of the trading day, the stock’s price was $3.93, reflecting an intraday gain of 4.52% or $0.17. The 52-week high for the FCEL share is $11.63, that puts it down -195.93 from that peak though still a striking 26.97% gain since the share price plummeted to a 52-week low of $2.87. The company’s market capitalization is $1.43B, and the average intraday trading volume over the past 10 days was 18.44 million shares, and the average trade volume was 15.54 million shares over the past three months.
FuelCell Energy Inc. (FCEL) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.20. FCEL has a Sell rating from 2 analyst(s) out of 10 analysts who have looked at this stock. 8 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.06.
FuelCell Energy Inc. (NASDAQ:FCEL) trade information
FuelCell Energy Inc. (FCEL) registered a 4.52% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.52% in intraday trading to $3.93 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 10.08%, and it has moved by -1.26% in 30 days. Based on these gigs, the overall price performance for the year is -34.28%. The short interest in FuelCell Energy Inc. (NASDAQ:FCEL) is 57.67 million shares and it means that shorts have 4.69 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.29, which implies an increase of 8.39% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $5.00 respectively. As a result, FCEL is trading at a discount of -27.23% off the target high and 23.66% off the low.
FuelCell Energy Inc. (FCEL) estimates and forecasts
Statistics show that FuelCell Energy Inc. has underperformed its competitors in share price, compared to the industry in which it operates. FuelCell Energy Inc. (FCEL) shares have gone down -6.21% during the last six months, with a year-to-date growth rate less than the industry average at 6.45% against 15.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -50.00% this quarter and then jump 14.30% in the quarter after that. In the rating firms’ projections, revenue will increase 86.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $35.81 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $42.92 million by the end of Oct 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 57.30%. While earnings are projected to return 25.20% in 2022, the next five years will return 15.00% per annum.
FuelCell Energy Inc. is due to release its next quarterly earnings between March 14 and March 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
FuelCell Energy Inc. (NASDAQ:FCEL)’s Major holders
FuelCell Energy Inc. insiders own 3.43% of total outstanding shares while institutional holders control 43.59%, with the float percentage being 45.13%. Blackrock Inc. is the largest shareholder of the company, while 359 institutions own stock in it. As of Mar 30, 2022, the company held over 34.35 million shares (or 8.88% of all shares), a total value of $197.84 million in shares.
The next largest institutional holding, with 32.28 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.35% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $185.92 million.
Also, the Mutual Funds coming in first place with the largest holdings of FuelCell Energy Inc. (FCEL) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 10.0 million shares. This amounts to just over 2.59 percent of the company’s overall shares, with a $57.58 million market value. The same data shows that the other fund manager holds slightly less at 8.72 million, or about 2.26% of the stock, which is worth about $50.22 million.