FuelCell Energy (NASDAQ:FCEL) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

FuelCell Energy, Inc. (NASDAQ:FCEL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.14 and traded as high as $7.10. FuelCell Energy shares last traded at $6.58, with a volume of 2,213,898 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FCEL. Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price objective on shares of FuelCell Energy in a report on Monday, September 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of FuelCell Energy in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of FuelCell Energy from $4.50 to $7.25 and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Finally, Zacks Research raised shares of FuelCell Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.53.

FuelCell Energy Stock Performance

The stock’s 50 day simple moving average is $8.29 and its two-hundred day simple moving average is $6.16. The company has a market capitalization of $210.56 million, a P/E ratio of -0.71 and a beta of 4.28. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.37 and a quick ratio of 3.85.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Tuesday, September 9th. The energy company reported ($3.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.59) by ($2.19). FuelCell Energy had a negative net margin of 130.81% and a negative return on equity of 20.53%. The company had revenue of $46.74 million during the quarter, compared to analyst estimates of $48.30 million. During the same period in the prior year, the business earned ($1.94) EPS. As a group, research analysts expect that FuelCell Energy, Inc. will post -6.11 earnings per share for the current year.

Hedge Funds Weigh In On FuelCell Energy

Several hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its holdings in FuelCell Energy by 254.0% in the first quarter. Federated Hermes Inc. now owns 531,615 shares of the energy company’s stock valued at $2,440,000 after buying an additional 381,450 shares during the period. Bank of New York Mellon Corp grew its holdings in FuelCell Energy by 18.6% during the 1st quarter. Bank of New York Mellon Corp now owns 51,764 shares of the energy company’s stock worth $238,000 after acquiring an additional 8,121 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in shares of FuelCell Energy during the 2nd quarter valued at $56,000. Banque Cantonale Vaudoise bought a new stake in shares of FuelCell Energy during the 1st quarter valued at $26,000. Finally, Nuveen LLC acquired a new position in shares of FuelCell Energy in the 1st quarter valued at $218,000. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.