In the last trading session, 22.94 million shares of the Fuelcell Energy Inc (NASDAQ:FCEL) were traded, and its beta was 3.88. Most recently the company’s share price was $0.35, and it changed around -$0.01 or -2.35% from the last close, which brings the market valuation of the company to $196.33M. FCEL currently trades at a discount to its 52-week high of $1.84, offering almost -425.71% off that amount. The share price’s 52-week low was $0.34, which indicates that the current value has risen by an impressive 2.86% since then. We note from Fuelcell Energy Inc’s average daily trading volume that its 10-day average is 25.79 million shares, with the 3-month average coming to 37.63 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.
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Fuelcell Energy Inc (NASDAQ:FCEL) trade information
Instantly FCEL has showed a red trend with a performance of -2.35% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.4058 on recent trading dayincreased the stock’s daily price by 13.75%. The company’s shares are currently down -77.93% year-to-date, but still down -11.64% over the last five days. On the other hand, Fuelcell Energy Inc (NASDAQ:FCEL) is -15.67% down in the 30-day period. We can see from the shorts that 120.74 million shares have been sold at a short interest cover period of 5.02 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 88.33% 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 -68.75 percent over the past six months and at a 3.85% annual growth rate that is well above the industry average of -4.50%.
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 1.97% 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 November.
Fuelcell Energy Inc (NASDAQ:FCEL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.28% of Fuelcell Energy Inc shares, and 38.76% of them are in the hands of institutional investors. The stock currently has a share float of 38.87%. Fuelcell Energy Inc stock is held by 287.0 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.
