The stock of FuelCell Energy Inc (NASDAQ:FCEL) hit a new 52-week low and has $2.29 target or 3.00% below today’s $2.36 share price. The 9 months bearish chart indicates high risk for the $74.90 million company. The 1-year low was reported on Nov, 29 by Barchart.com. If the $2.29 price target is reached, the company will be worth $2.25 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 1.06M shares traded hands or 46.70% up from the average. 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. FuelCell Energy has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Zacks upgraded FuelCell Energy Inc (NASDAQ:FCEL) on Tuesday, August 11 to “Sell” rating. On Wednesday, October 26 the stock rating was downgraded by FBR Capital to “Mkt Perform”. The stock of FuelCell Energy Inc (NASDAQ:FCEL) has “Outperform” rating given on Friday, March 11 by Cowen & Co. The company was initiated on Monday, April 11 by Roth Capital. The rating was downgraded by Roth Capital on Tuesday, October 25 to “Neutral”. The company was initiated on Friday, December 18 by FBR Capital. The stock has “Buy” rating given by Craig Hallum on Monday, May 2. The rating was maintained by FBR Capital with “Outperform” on Tuesday, March 15.
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.
Moreover, Focused Wealth has 0% invested in FuelCell Energy Inc (NASDAQ:FCEL) for 81 shares. The New York-based Douglass Winthrop Advsrs Limited Liability has invested 0% in FuelCell Energy Inc (NASDAQ:FCEL).
More 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 published the news titled: “The 1 Reason I’m Not Ready to Invest in Plug Power Inc or FuelCell Energy Inc” on September 15, 2016. Streetinsider.com‘s news article titled: “FuelCell Energy (FCEL) Says Beacon Falls Energy Park Project Not Selected for …” with publication date: October 25, 2016 was also an interesting one.
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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