In the last trading session, 15.16 million shares of the Fuelcell Energy Inc (NASDAQ:FCEL) were traded, and its beta was 3.84. Most recently the company’s share price was $0.47, and it changed around -$0.01 or -2.10% from the last close, which brings the market valuation of the company to $261.77M. FCEL currently trades at a discount to its 52-week high of $1.84, offering almost -291.49% off that amount. The share price’s 52-week low was $0.37, which indicates that the current value has risen by an impressive 21.28% since then. We note from Fuelcell Energy Inc’s average daily trading volume that its 10-day average is 21.87 million shares, with the 3-month average coming to 42.10 million.
Fuelcell Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.22. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended FCEL as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Fuelcell Energy Inc is expected to report earnings per share of -0.06 for the current quarter.
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Fuelcell Energy Inc (NASDAQ:FCEL) trade information
Instantly FCEL has showed a red trend with a performance of -2.10% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.4949 on recent trading dayincreased the stock’s daily price by 5.03%. The company’s shares are currently down -70.57% year-to-date, but still up 10.26% over the last five days. On the other hand, Fuelcell Energy Inc (NASDAQ:FCEL) is 1.01% up in the 30-day period. We can see from the shorts that 129.76 million shares have been sold at a short interest cover period of 4.33 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 84.33% from its current value. Analyst projections state that FCEL is forecast to be at a low of $1.25 and a high of $5.75.
Fuelcell Energy Inc (FCEL) estimates and forecasts
Fuelcell Energy Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -57.20 percent over the past six months and at a 3.85% annual growth rate that is well above the industry average of 1.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 14.30% in revenue this quarter, and will report a decrease of -20.00% in the next quarter. The year-over-year growth rate is expected to be -15.90%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 41.06M in revenue for the current quarter. 2 analysts expect Fuelcell Energy Inc to make 38.59M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 22.46M and 23.82M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 82.80%. Forecasts for the next quarter put sales growth at 62.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 50.65%. Fuelcell Energy Inc earnings are expected to increase by 1.49% in 2024, but the outlook is positive 15.00% per year for the next five years.
FCEL Dividends
Fuelcell Energy Inc’s next quarterly earnings report is expected to be released in October.
Fuelcell Energy Inc (NASDAQ:FCEL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.26% of Fuelcell Energy Inc shares, and 38.58% of them are in the hands of institutional investors. The stock currently has a share float of 38.68%. Fuelcell Energy Inc stock is held by 289.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.5859% of the shares, which is about 34.36 million shares worth $21.95 million.
VANGUARD GROUP INC, with 7.3421% or 33.26 million shares worth $21.25 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
