The stock of FuelCell Energy Inc (NASDAQ:FCEL) reached all time low today, Nov, 29 and still has $2.36 target or 8.00% below today’s $2.56 share price. This indicates more downside for the $81.42M company. This technical setup was reported by Barchart.com. If the $2.36 PT is reached, the company will be worth $6.51 million 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 231,427 shares traded hands. FuelCell Energy Inc (NASDAQ:FCEL) has declined 58.58% since April 26, 2016 and is downtrending. It has underperformed by 63.84% the S&P500.
Analysts await FuelCell Energy Inc (NASDAQ:FCEL) to report earnings on December, 12. They expect $-0.28 earnings per share, up 26.32% or $0.10 from last year’s $-0.38 per share. After $-0.38 actual earnings per share reported by FuelCell Energy Inc for the previous quarter, Wall Street now forecasts -26.32% EPS growth.
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. $18 is the highest target while $4 is the lowest. The $9.17 average target is 258.20% above today’s ($2.56) stock price. FuelCell Energy has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Craig Hallum initiated FuelCell Energy Inc (NASDAQ:FCEL) on Monday, May 2 with “Buy” rating. The company was maintained on Tuesday, March 15 by FBR Capital. The rating was maintained by Cowen & Co with “Outperform” on Friday, March 11. The rating was upgraded by Zacks on Tuesday, August 11 to “Sell”. The firm earned “Neutral” rating on Tuesday, October 25 by Roth Capital. The rating was initiated by FBR Capital on Friday, December 18 with “Outperform”. The rating was initiated by Roth Capital on Monday, April 11 with “Buy”. The rating was downgraded by FBR Capital to “Mkt Perform” on Wednesday, October 26.
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 decreased to 0 in 2016 Q2. Its down Infinity, from Infinity in 2016Q1. The ratio turned negative, 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.
Focused Wealth Mngmt has 0% invested in the company for 81 shares. Douglass Winthrop Advsrs Llc, a New York-based fund reported 11,000 shares.
More notable recent FuelCell Energy Inc (NASDAQ:FCEL) news were published by: Forbes.com which released: “FuelCell Energy Continues To Position Itself For Future Growth” on March 11, 2016, also Fool.com with their article: “The 3 Biggest Challenges Facing FuelCell Energy Inc. Stock” published on April 18, 2016, Fool.com published: “The 1 Reason I’m Not Ready to Invest in Plug Power Inc or FuelCell Energy Inc” on September 15, 2016. More interesting news about FuelCell Energy Inc (NASDAQ:FCEL) were released by: Streetinsider.com and their article: “FuelCell Energy (FCEL) Says Beacon Falls Energy Park Project Not Selected for …” published on October 25, 2016 as well as Fool.com‘s news article titled: “FuelCell Energy’s Hope for a Bright Future Just Became Much Dimmer” with publication date: October 31, 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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