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How Is The FuelCell Energy Inc. (NASDAQ: FCEL) Performance Outlook For The Coming Months?

FuelCell Energy Inc. (NASDAQ:FCEL) has a beta value of 3.68 and has seen 14.69 million shares traded in the last trading session. The company, currently valued at $1.39B, closed the last trade at $3.70 per share which meant it gained $0.33 on the day or 9.79% during that session. The FCEL stock price is -98.11% off its 52-week high price of $7.33 and 33.24% above the 52-week low of $2.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.25 million shares traded. The 3-month trading volume is 10.57 million shares.

The consensus among analysts is that FuelCell Energy Inc. (FCEL) is a Hold stock at the moment, with a recommendation rating of 3.20. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 8 out of 10 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 -$0.07.

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FuelCell Energy Inc. (NASDAQ:FCEL) trade information

Sporting 9.79% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the FCEL stock price touched $3.70 or saw a rise of 0.54%. Year-to-date, FuelCell Energy Inc. shares have moved 33.09%, while the 5-day performance has seen it change 14.20%. Over the past 30 days, the shares of FuelCell Energy Inc. (NASDAQ:FCEL) have changed 39.62%. Short interest in the company has seen 61.21 million shares shorted with days to cover at 4.9.

Wall Street analysts have a consensus price target for the stock at $3.23, which means that the shares’ value could drop -14.55% from current levels. The projected low price target is $2.00 while the price target rests at a high of $4.00. In that case, then, we find that the current price level is -8.11% off the targeted high while a plunge would see the stock lose 45.95% from current levels.

FuelCell Energy Inc. (FCEL) estimates and forecasts

Figures show that FuelCell Energy Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 11.11% over the past 6 months, with this year growth rate of 0.00%, compared to 7.30% for the industry. Revenue growth from the last financial year stood is estimated to be -1.90%.

8 analysts offering their estimates for the company have set an average revenue estimate of $24.98 million for the current quarter. 8 have an estimated revenue figure of $28.11 million for the next quarter concluding in Apr 2023. Year-ago sales stood $31.8 million and $16.38 million respectively for this quarter and the next, and analysts expect sales will shrink by -21.40% for the current quarter and 71.60% for the next.

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 51.20% over the past 5 years. Earnings growth for 2023 is a modest -22.30% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.

FCEL Dividends

FuelCell Energy Inc. is expected to release its next earnings report between March 08 and March 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 0.06% of the company shares, while shares held by institutions stand at 45.67% with a share float percentage of 45.70%. Investors are also buoyed by the number of investors in a company, with FuelCell Energy Inc. having a total of 356 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 38.23 million shares worth more than $141.46 million. As of Sep 29, 2022, Blackrock Inc. held 9.42% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 34.24 million shares as of Sep 29, 2022. The firm’s total holdings are worth over $126.7 million and represent 8.44% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Sep 29, 2022, the former fund manager holds about 2.74% shares in the company for having 11.1 million shares of worth $41.07 million while later fund manager owns 9.33 million shares of worth $34.51 million as of Sep 29, 2022, which makes it owner of about 2.30% of company’s outstanding stock.

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