In the last trading session, 9.0 million Fuelcell Energy Inc (NASDAQ:FCEL) shares changed hands as the company’s beta touched 3.86. With the company’s per share price at $0.33 changed hands at $0.01 or 3.91% during last session, the market valuation stood at $184.87M. FCEL’s last price was a discount, traded about -457.58% off its 52-week high of $1.84. The share price had its 52-week low at $0.32, which suggests the last value was 3.03% up since then. When we look at Fuelcell Energy Inc’s average trading volume, we note the 10-day average is 17.59 million shares, with the 3-month average coming to 31.67 million.
Analysts gave the Fuelcell Energy Inc (FCEL) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.22. If we narrow down to specifics, the data shows that 1 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended FCEL as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Fuelcell Energy Inc’s EPS for the current quarter is expected to be -0.06.
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Fuelcell Energy Inc (NASDAQ:FCEL) trade information
Instantly FCEL was in green as seen at the end of in last trading. With action -4.04%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -79.22%, with the 5-day performance at -4.04% in the red. However, in the 30-day time frame, Fuelcell Energy Inc (NASDAQ:FCEL) is -27.40% down. Looking at the short shares, we see there were 126.08 million shares sold at short interest cover period of 5.41 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 89.0% from its current market value. According to analyst projections, FCEL’s forecast low is 1.25 with 5.75 as the target high. To hit the forecast high, the stock’s price needs a -1642.42% plunge from its current level, while the stock would need to soar -278.79% for it to hit the projected low.
Fuelcell Energy Inc (FCEL) estimates and forecasts
Data shows that the Fuelcell Energy Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -62.39% over the past 6 months, a 3.85% in annual growth rate that is considerably higher than the industry average of -5.30%. Year-over-year growth is forecast to reach -16.10% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 40.83M. 3 analysts are of the opinion that Fuelcell Energy Inc’s revenue for the current quarter will be 39.46M. The company’s revenue for the corresponding quarters a year ago was 22.46M and 23.82M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 81.80%. The estimates for the next quarter sales put growth at 65.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 50.65%. The 2024 estimates are for Fuelcell Energy Inc earnings to increase by 1.82%, but the outlook for the next 5-year period is at 15.00% per year.
FCEL Dividends
Fuelcell Energy Inc is expected to release its next quarterly earnings report on 2024-Dec-17.
Fuelcell Energy Inc (NASDAQ:FCEL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.28% of Fuelcell Energy Inc shares while 37.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 37.75%. There are 37.65% institutions holding the Fuelcell Energy Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.5859% of the shares, roughly 34.36 million FCEL shares worth $21.95 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.3421% or 33.26 million shares worth $21.25 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 13.62 shares estimated at $4.53 million under it, the former controlled 2.45% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.28% of the shares, roughly 12.66 shares worth around $4.21 million.
