FuelCell Energy (NASDAQ:FCEL) Director Sells $73,340.16 in Stock

FuelCell Energy, Inc. (NASDAQ:FCEL) Director Betsy Bingham sold 8,608 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total value of $73,340.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

FuelCell Energy Stock Performance

NASDAQ:FCEL opened at $8.68 on Friday. The business’s fifty day moving average is $7.73 and its 200 day moving average is $6.68. The firm has a market cap of $414.38 million, a price-to-earnings ratio of -1.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63. FuelCell Energy, Inc. has a 52-week low of $3.58 and a 52-week high of $13.98.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, December 18th. The energy company reported ($0.83) EPS for the quarter, topping the consensus estimate of ($0.97) by $0.14. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.The business had revenue of $55.02 million during the quarter, compared to the consensus estimate of $47.23 million. During the same quarter last year, the company earned ($1.99) EPS. Research analysts predict that FuelCell Energy, Inc. will post -6.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FCEL. MinichMacGregor Wealth Management LLC bought a new stake in FuelCell Energy during the second quarter worth about $56,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 during the last quarter. Independent Advisor Alliance purchased a new position in shares of FuelCell Energy during the 3rd quarter valued at about $80,000. Bank of America Corp DE lifted its position in FuelCell Energy by 31.9% in the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock worth $103,000 after buying an additional 4,435 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in FuelCell Energy by 638.2% in the second quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company’s stock worth $107,000 after buying an additional 16,440 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FCEL shares. Zacks Research upgraded shares of FuelCell Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. TD Cowen upped their price target on shares of FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Canaccord Genuity Group reiterated a “hold” rating and issued a $12.00 price objective on shares of FuelCell Energy in a research report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday. Finally, KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $9.06.

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.