In today’s recent session, 1.37 million shares of the Fuelcell Energy Inc (NASDAQ:FCEL) have been traded, and its beta is 3.36. Most recently the company’s share price was $11.73, and it changed around $1.26 or 12.03% from the last close, which brings the market valuation of the company to $233.01M. FCEL at last check was trading at a discount to its 52-week high of $55.20, offering almost -370.59% off that amount. The share price’s 52-week low was $5.45, which indicates that the recent value has risen by an impressive 53.54% since then. We note from Fuelcell Energy Inc’s average daily trading volume that its 10-day average is 1.72 million shares, with the 3-month average coming to 1.38 million.
Fuelcell Energy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.22. If we narrow it down even further, the data shows that 1 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended FCEL as a Hold, whereas 0 deemed it a Buy, and 1 rated it as Underweight. Fuelcell Energy Inc is expected to report earnings per share of -1.59 for the current quarter.
Fuelcell Energy Inc (NASDAQ:FCEL) trade information
Instantly FCEL has been showing a green trend so far today with a performance of 12.03% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 12.50 on recent trading dayincreased the stock’s daily price by 6.16%. The company’s shares are currently down -75.56% year-to-date, but still up 3.35% over the last five days. On the other hand, Fuelcell Energy Inc (NASDAQ:FCEL) is 32.72% up in the 30-day period. We can see from the shorts that 4.34 million shares have been sold at a short interest cover period of 2.39 day(s).
The consensus price target as assigned by Wall Street analysts is $41.1, which translates to bulls needing to increase their stock price by 71.46% from its current value. Analyst projections state that FCEL is forecast to be at a low of $37.2 and a high of $45.
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 -60.07 percent over the past six months and at a 7.81% annual growth rate that is well above the industry average of -9.50%. The year-over-year growth rate is expected to be -16.97%, down from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 39.66M in revenue for the current quarter. 5 analysts expect Fuelcell Energy Inc to make 41.46M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 22.46M and 16.69M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 76.58%. Forecasts for the next quarter put sales growth at 148.39%.
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 4.14% 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 January.
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 31.43% of them are in the hands of institutional investors. The stock currently has a share float of 31.51%. Fuelcell Energy Inc stock is held by 249.0 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.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 422.09 shares worth $5.18 million, making up 0.08% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 453.87 shares worth around $5.57 million, which represents about 0.08% of the total shares outstanding.
