Fuelcell Energy Inc (NASDAQ: FCEL) Dropped -55.77% In 6 Months – Here’s What Might Happen Next

Fuelcell Energy Inc (NASDAQ:FCEL)’s traded shares stood at 5.58 million during the latest session, with the company’s beta value hitting 3.84. At the last check today, the stock’s price was $0.46, to imply an increase of 1.71% or $0.01 in intraday trading. The FCEL share’s 52-week high remains $1.84, putting it -300.0% down since that peak but still an impressive 19.57% since price per share fell to its 52-week low of $0.37. The company has a valuation of $253.29M, with an average of 21.66 million shares in intraday trading volume over the past 10 days and average of 43.23 million shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for Fuelcell Energy Inc (FCEL), translating to a mean rating of 3.22. Of 8 analyst(s) looking at the stock, 1 analyst(s) give FCEL a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 0 recommend it as a Buy.

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Fuelcell Energy Inc (NASDAQ:FCEL) trade information

After registering a 1.71% upside in the latest session, Fuelcell Energy Inc (FCEL) has traded red over the past five days. The 5-day price performance for the stock is 8.80%, and -0.16% over 30 days. With these gigs, the year-to-date price performance is -71.53%. Short interest in Fuelcell Energy Inc (NASDAQ:FCEL) saw shorts transact 126.81 million shares and set a 2.41 days time to cover.

The extremes give us $1.25 and $5.75 for target low and target high price respectively. As such, FCEL has been trading -1150.0% off suggested target high and -171.74% from its likely low.

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 outperformed competitors. Fuelcell Energy Inc (FCEL) shares are -55.77% down over the last 6 months, with its year-to-date growth rate higher than industry average at 3.85% against -1.20%.

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 1.95% 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 on 2024-Dec-17. 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 (NASDAQ:FCEL)’s Major holders

Fuelcell Energy Inc insiders hold 0.26% of total outstanding shares, with institutional holders owning 38.58% of the shares at 38.68% float percentage. In total, 38.58% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 34.36 million shares (or 7.5859% of shares), all amounting to roughly $21.95 million.

The next major institution holding the largest number of shares is VANGUARD GROUP INC with 33.26 million shares, or about 7.3421% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $21.25 million.