Fuelcell Energy Inc (NASDAQ:FCEL)’s traded shares stood at 9.55 million during the last session, with the company’s beta value hitting 3.75. At the close of trading, the stock’s price was $1.16, to imply an increase of 5.45% or $0.06 in intraday trading. The FCEL share’s 52-week high remains $2.99, putting it -157.76% down since that peak but still an impressive 15.52% since price per share fell to its 52-week low of $0.98. The company has a valuation of $524.16M, with an average of 11.24 million shares in intraday trading volume over the past 10 days and average of 12.50 million shares over the past 3 months.
Fuelcell Energy Inc (NASDAQ:FCEL) trade information
After registering a 5.45% upside in the last session, Fuelcell Energy Inc (FCEL) has traded red over the past five days. The stock hit a weekly high of 1.2200, jumping 5.45% in its intraday price action. The 5-day price performance for the stock is 0.87%, and -6.45% over 30 days. With these gigs, the year-to-date price performance is -27.50%. Short interest in Fuelcell Energy Inc (NASDAQ:FCEL) saw shorts transact 92.81 million shares and set a 7.14 days time to cover.
Fuelcell Energy Inc (FCEL) estimates and forecasts
Looking at statistics comparing Fuelcell Energy Inc share performance against respective industry, we note that the company has underperformed competitors. Fuelcell Energy Inc (FCEL) shares are -7.94% down over the last 6 months, with its year-to-date growth rate lower than industry average at -7.69% against 12.10%. Revenue is forecast to grow 11.10% this quarter before falling -33.30% for the next one. The rating firms project that company’s revenue will shrink -14.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 9 analysts is $21.95 million. Meanwhile, for the quarter ending Jul 2024, a total of 9 analyst(s) estimate revenue growth to $29.15 million.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 50.65% for the past 5-year period. While 2024 is set for a -5.92% return in earnings, projections for the next 5 years are at 15.00% annually.
FCEL Dividends
Fuelcell Energy Inc has its next earnings report out between June 06 and June 10. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Fuelcell Energy Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Fuelcell Energy Inc (NASDAQ:FCEL)’s Major holders
Fuelcell Energy Inc insiders hold 0.33% of total outstanding shares, with institutional holders owning 45.38% of the shares at 45.53% float percentage. In total, 45.38% institutions holds shares in the company, led by Blackrock Inc.. As of Jun 29, 2023, the company held over 42.42 million shares (or 10.43% of shares), all amounting to roughly $91.63 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 38.1 million shares, or about 9.37% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $82.3 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Fuelcell Energy Inc (FCEL) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 12.55 million shares. This is just over 3.08% of the total shares, with a market valuation of $27.1 million. Data from the same date shows that the other fund manager holds a little less at 10.48 million, or 2.58% of the shares, all valued at about 22.63 million.
