FuelCell Energy (NASDAQ:FCEL) Stock Falls 15.6% – Time to Sell?

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) were down 15.6% during trading on Thursday. The stock traded as low as $9.22 and last traded at $8.8970. Approximately 1,023,807 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 6,996,867 shares. The stock had previously closed at $10.54.

FuelCell Energy News Summary

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

• Positive Sentiment: Fuel-cell shares are recovering some post-election losses, with FuelCell Energy among the sector’s stronger performers. The rebound appears industry-wide rather than driven by a new company-specific announcement. FuelCell Energy and other fuel-cell stocks rebound
• Neutral Sentiment: Several law firms are publicizing the November 10 deadline for investors to seek lead-plaintiff status in the securities class action. These notices are largely procedural reminders and do not represent a court finding of wrongdoing. Class-action lead plaintiff deadline notice
• Negative Sentiment: The stock remains under pressure after a sharp recent slide amid a post-election selloff in fuel-cell stocks and concerns following FuelCell Energy’s quarterly results, which missed earnings and revenue expectations. The lawsuit alleges the company disclosed that output was below the level required under its Fit Energy agreement; the allegations are unproven. Fuel-cell sector selloff and company concerns

Wall Street Analyst Weigh In

FCEL has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $20.00 price objective (down from $24.00) on shares of FuelCell Energy in a report on Thursday, September 3rd. Citigroup initiated coverage on shares of FuelCell Energy in a research report on Tuesday, September 15th. They set a “neutral” rating and a $19.00 target price on the stock. Oppenheimer began coverage on shares of FuelCell Energy in a report on Tuesday, September 29th. They set an “outperform” rating and a $24.00 target price on the stock. Barclays began coverage on shares of FuelCell Energy in a research report on Thursday, September 24th. They issued an “equal weight” rating and a $20.00 price target for the company. Finally, Craig Hallum began coverage on FuelCell Energy in a research note on Wednesday, September 9th. They issued a “buy” rating and a $22.00 price target for the company. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, FuelCell Energy has a consensus rating of “Hold” and an average target price of $21.80.

FuelCell Energy Trading Up 11.4%

The firm’s fifty day simple moving average is $15.03 and its 200 day simple moving average is $14.94. The stock has a market capitalization of $795.50 million, a P/E ratio of -2.90 and a beta of 2.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.77 and a current ratio of 8.67.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Wednesday, September 2nd. The energy company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.23). FuelCell Energy had a negative return on equity of 16.85% and a negative net margin of 113.60%. The firm had revenue of $33.00 million for the quarter, compared to analyst estimates of $38.79 million. As a group, equities research analysts forecast that FuelCell Energy, Inc. will post -2.09 EPS for the current fiscal year.

Insider Buying and Selling at FuelCell Energy

In other FuelCell Energy news, Director Homer Livingston, III bought 16,404 shares of FuelCell Energy stock in a transaction on Monday, September 14th. The shares were purchased at an average price of $15.05 per share, with a total value of $246,880.20. Following the acquisition, the director owned 42,747 shares in the company, valued at $643,342.35. This trade represents a 62.27% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shankar Achanta sold 2,500 shares of FuelCell Energy stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $18.50, for a total value of $46,250.00. Following the completion of the transaction, the executive vice president owned 118 shares in the company, valued at approximately $2,183. The trade was a 95.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vontobel Holding Ltd. bought a new position in shares of FuelCell Energy in the third quarter worth about $4,910,000. Bank of America Corp DE boosted its stake in shares of FuelCell Energy by 1,298.3% in the 1st quarter. Bank of America Corp DE now owns 190,724 shares of the energy company’s stock valued at $1,245,000 after purchasing an additional 177,084 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of FuelCell Energy during the 2nd quarter valued at approximately $6,094,000. Dimensional Fund Advisors LP grew its holdings in shares of FuelCell Energy by 459.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 312,536 shares of the energy company’s stock valued at $2,040,000 after purchasing an additional 256,640 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in FuelCell Energy during the 2nd quarter worth approximately $31,193,000. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Company Profile

Error: Response status code does not indicate success: 500 (Internal Server Error).