The stock of FuelCell Energy Inc (NASDAQ:FCEL) reached all time low today, Oct, 31 and still has $2.96 target or 13.00% below today’s $3.40 share price. This indicates more downside for the $110.91M company. This technical setup was reported by Barchart.com. If the $2.96 PT is reached, the company will be worth $14.42M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 402,368 shares traded hands. FuelCell Energy Inc (NASDAQ:FCEL) has declined 49.21% since March 29, 2016 and is downtrending. It has underperformed by 52.69% the S&P500.
FuelCell Energy Inc (NASDAQ:FCEL) Ratings Coverage
Out of 4 analysts covering FuelCell Energy (NASDAQ:FCEL), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. FuelCell Energy has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital with “Outperform” on Tuesday, March 15. FBR Capital downgraded it to “Mkt Perform” rating and $5.50 target price in Wednesday, October 26 report. The stock of FuelCell Energy Inc (NASDAQ:FCEL) has “Neutral” rating given on Tuesday, October 25 by Roth Capital. The company was initiated on Monday, April 11 by Roth Capital. The firm has “Sell” rating by Zacks given on Tuesday, August 11. The rating was maintained by Cowen & Co with “Outperform” on Friday, March 11. The firm has “Outperform” rating given on Friday, December 18 by FBR Capital. The stock has “Buy” rating given by Craig Hallum on Monday, May 2.
According to Zacks Investment Research, “FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants with virtually no air pollution and reduced greenhouse gas emissions using a variety of fuels including renewable biogas and domestically-available fuels like natural gas.”
Insitutional Activity: The institutional sentiment increased to Infinity in Q2 2016. Its up Infinity, from 0 in 2016Q1. The ratio improved, as 0 funds sold all FuelCell Energy Inc shares owned while 0 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 22,162 shares or 27260.49% more from 81 shares in 2016Q1.
Douglass Winthrop Advisors Llc holds 0% of its portfolio in FuelCell Energy Inc (NASDAQ:FCEL) for 11,000 shares. Focused Wealth accumulated 0% or 81 shares.
More notable recent FuelCell Energy Inc (NASDAQ:FCEL) news were published by: Streetinsider.com which released: “FuelCell Energy (FCEL) Enters 2.8-MW PPA with City of Tulare” on October 31, 2016, also Forbes.com with their article: “FuelCell Energy Continues To Position Itself For Future Growth” published on March 11, 2016, Businesswire.com published: “FuelCell Energy and ExxonMobil Announce Location for Fuel Cell Carbon Capture …” on October 27, 2016. More interesting news about FuelCell Energy Inc (NASDAQ:FCEL) were released by: Fool.com and their article: “The 3 Biggest Challenges Facing FuelCell Energy Inc. Stock” published on April 18, 2016 as well as Fool.com‘s news article titled: “Is FuelCell Energy Inc. Stock a Buy Right Now?” with publication date: March 28, 2016.
FCEL Company Profile
FuelCell Energy, Inc., incorporated on July 12, 1999, is an integrated fuel cell company. The Firm designs, makes, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support. The Company’s plants operate in approximately 50 locations on approximately three continents and generate approximately four billion kilowatt hours (kWh) of electricity.
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