Insider Selling: FuelCell Energy (NASDAQ:FCEL) EVP Sells 2,500 Shares

FuelCell Energy, Inc. (NASDAQ:FCEL) EVP Shankar Achanta sold 2,500 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the sale, the executive vice president owned 2,618 shares in the company, valued at $75,162.78. The trade was a 48.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shankar Achanta also recently made the following trade(s):

• On Monday, April 20th, Shankar Achanta sold 2,500 shares of FuelCell Energy stock. The stock was sold at an average price of $8.00, for a total transaction of $20,000.00.

FuelCell Energy Trading Down 13.2%

FCEL stock traded down $3.42 during mid-day trading on Wednesday, reaching $22.54. 21,438,503 shares of the stock traded hands, compared to its average volume of 6,456,834. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.20 and a current ratio of 8.59. FuelCell Energy, Inc. has a one year low of $3.78 and a one year high of $37.88. The stock has a market capitalization of $1.52 billion, a PE ratio of -3.43 and a beta of 2.31. The business has a 50-day moving average price of $20.76 and a two-hundred day moving average price of $12.38.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.01). FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.The firm had revenue of $35.59 million during the quarter, compared to the consensus estimate of $40.47 million. During the same quarter last year, the business posted ($1.79) EPS. Equities research analysts expect that FuelCell Energy, Inc. will post -1.84 EPS for the current year.

Institutional Trading of FuelCell Energy

Several institutional investors and hedge funds have recently modified their holdings of FCEL. Kestra Advisory Services LLC purchased a new stake in shares of FuelCell Energy in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its position in FuelCell Energy by 1,316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after purchasing an additional 7,080 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in FuelCell Energy during the 4th quarter valued at $78,000. Franklin Resources Inc. purchased a new stake in shares of FuelCell Energy in the 4th quarter worth $84,000. Finally, Optiver Holding B.V. purchased a new stake in shares of FuelCell Energy in the 1st quarter worth $88,000. Institutional investors own 42.78% of the company’s stock.

Trending Headlines about FuelCell Energy

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: The new capital is intended to expand manufacturing capacity, fund working capital, and support general corporate purposes, which could help FuelCell Energy execute on growth initiatives. FuelCell Energy Announces Upsize and Pricing of Offering of Common Stock
• Neutral Sentiment: Some recent commentary noted FCEL had rallied sharply over the past three months on optimism around its AI data-center pipeline, modular fuel-cell systems, and manufacturing expansion. FCEL Quadruples in 3 Months: Why It May Still Be Worth Buying
• Negative Sentiment: The stock is under pressure because the offering increases share count and came at a discount, heightening dilution fears among investors. FuelCell Energy shares fall after company prices upsized $225 million stock offering
• Negative Sentiment: Recent reports also point to broader profit-taking after a huge run-up in FCEL shares, which is amplifying the post-offering selloff. Why FuelCell Energy Stock Is Tumbling on Wednesday

Analysts Set New Price Targets

FCEL has been the topic of a number of analyst reports. Wall Street Zen cut FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Wells Fargo & Company raised their price target on FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 16th. Canaccord Genuity Group upped their price objective on FuelCell Energy from $12.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. TD Cowen reiterated a “hold” rating and issued a $16.00 target price (up from $9.00) on shares of FuelCell Energy in a research note on Tuesday, June 9th. Finally, B. Riley Financial upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $32.00 in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, FuelCell Energy has an average rating of “Hold” and an average target price of $22.00.

About FuelCell Energy

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.