In today’s recent session, 0.57 million shares of the Fuelcell Energy Inc (NASDAQ:FCEL) have been traded, and its beta is 3.37. Most recently the company’s share price was $8.68, and it changed around -$0.91 or -9.48% from the last close, which brings the market valuation of the company to $177.52M. FCEL at last check was trading at a discount to its 52-week high of $45.60, offering almost -425.35% off that amount. The share price’s 52-week low was $5.45, which indicates that the recent value has risen by an impressive 37.21% since then. We note from Fuelcell Energy Inc’s average daily trading volume that its 10-day average is 1.25 million shares, with the 3-month average coming to 1.74 million.
Fuelcell Energy Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.44. 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 -1.71 for the current quarter.
Fuelcell Energy Inc (NASDAQ:FCEL) trade information
Instantly FCEL has been showing red trend so far today with a performance of -9.48% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.40 on recent trading dayincreased the stock’s daily price by 16.54%. The company’s shares are currently down -3.97% year-to-date, but still down -13.88% over the last five days. On the other hand, Fuelcell Energy Inc (NASDAQ:FCEL) is -17.64% down in the 30-day period. We can see from the shorts that 5.24 million shares have been sold at a short interest cover period of 2.2 day(s).
The consensus price target as assigned by Wall Street analysts is $37.2, which translates to bulls needing to increase their stock price by 76.67% from its current value. Analyst projections state that FCEL is forecast to be at a low of $37.2 and a high of $37.2.
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 -43.97 percent over the past six months and at a 29.44% annual growth rate that is well above the industry average of -5.60%. The year-over-year growth rate is expected to be 57.42%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 39.99M in revenue for the current quarter. 8 analysts expect Fuelcell Energy Inc to make 42.58M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 16.69M and 22.42M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 139.61%. Forecasts for the next quarter put sales growth at 89.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 32.19%.
FCEL Dividends
Fuelcell Energy Inc’s next quarterly earnings report is expected to be released in February.
Fuelcell Energy Inc (NASDAQ:FCEL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.36% of Fuelcell Energy Inc shares, and 31.39% of them are in the hands of institutional investors. The stock currently has a share float of 31.50%. Fuelcell Energy Inc stock is held by 248.0 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 453.87 shares worth $4.0 million, making up 2.22% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 442.4 shares worth around $3.9 million, which represents about 2.16% of the total shares outstanding.
