Market Analysts see FuelCell Energy Inc. [FCEL] gaining to $9. Time to buy?

FuelCell Energy Inc. [NASDAQ: FCEL] traded at a low on 07/15/21, posting a -1.84 loss after which it closed the day’ session at $6.94. The company report on July 14, 2021 that FuelCell Energy Applauds the Signing of House Bill 6524 in Connecticut.

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FuelCell Energy, Inc. (Nasdaq: FCEL) — a global leader in fuel cell technology with a purpose of utilizing its proprietary, state-of-the-art fuel cell platforms to enable a world empowered by clean energy — applauds Governor Ned Lamont on the signing of Connecticut House Bill 6524, An Act Concerning the Solicitation of New Fuel Cell Electricity Generation Projects. The bill requires the Connecticut utilities to solicit proposals to acquire new fuel cell electricity generation projects that begin on or after July 1, 2021. Projects submitted under this mandate will be approved by January 1, 2022. The evaluation used in the proposal selection process will be based on both enhancing distribution energy system reliability and security, as well as support of microgrids to ensure critical resources continue to operate during power disruptions. House Bill 6524 provides preference for projects that are sited on brownfields as Connecticut demonstrates its commitment to energy equity and for fuel cells that are manufactured in Connecticut. The energy transition, and the forecasted importance of distributed hydrogen, positions Connecticut to continue as a global leader in clean technology essential in achieving global sustainability objectives through fuel cell deployment.

“We believe this bi-partisan bill is a smart investment for Connecticut’s electrical grid, environment, and economy, providing Connecticut the opportunity to play a leading role in the energy transition,” said Jason Few, President and Chief Executive Officer, FuelCell Energy, Inc. “Again, we thank Governor Lamont and the Connecticut House of Representatives for this important energy transition legislation.”.

The results of the trading session contributed to over 20569620 shares changing hands. Over the past one week, the price volatility of FuelCell Energy Inc. stands at 6.73% while the volatility over the past one month is 6.21%.

The market cap for FCEL stock reached $2.24 billion, with 322.50 million shares outstanding and 309.23 million shares in the current float. Compared to the average trading volume of 23.04M shares, FCEL reached a trading volume of 20569620 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about FuelCell Energy Inc. [FCEL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FCEL shares is $9.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FCEL stock is a recommendation set at 3.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for FuelCell Energy Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on April 20, 2021. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Neutral. The new note on the price target was released on April 16, 2021, representing the official price target for FuelCell Energy Inc. stock.

The Average True Range (ATR) for FuelCell Energy Inc. is set at 0.64, with the Price to Sales ratio for FCEL stock in the period of the last 12 months amounting to 34.60. The Price to Book ratio for the last quarter was 7.23, with the Price to Cash per share for the same quarter was set at 0.43.

How has FCEL stock performed recently?

FuelCell Energy Inc. [FCEL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.68. With this latest performance, FCEL shares dropped by -24.65% in over the last four-week period, additionally sinking by -63.74% over the last 6 months – not to mention a rise of 131.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FCEL stock in for the last two-week period is set at 28.26, with the RSI for the last a single of trading hit 18.10, and the three-weeks RSI is set at 34.33 for FuelCell Energy Inc. [FCEL]. The present Moving Average for the last 50 days of trading for this stock 8.89, while it was recorded at 7.53 for the last single week of trading, and 10.68 for the last 200 days.

FuelCell Energy Inc. [FCEL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and FuelCell Energy Inc. [FCEL] shares currently have an operating margin of -55.80 and a Gross Margin at -7.49. FuelCell Energy Inc.’s Net Margin is presently recorded at -125.73.

Return on Total Capital for FCEL is now -11.16, given the latest momentum, and Return on Invested Capital for the company is -26.89. Return on Equity for this stock declined to -45.70, with Return on Assets sitting at -20.80. When it comes to the capital structure of this company, FuelCell Energy Inc. [FCEL] has a Total Debt to Total Equity ratio set at 76.77. Additionally, FCEL Total Debt to Total Capital is recorded at 43.43, with Total Debt to Total Assets ending up at 37.31. Long-Term Debt to Equity for the company is recorded at 88.45, with the Long-Term Debt to Total Capital now at 38.26.

Reflecting on the efficiency of the workforce at the company, FuelCell Energy Inc. [FCEL] managed to generate an average of -$281,984 per employee. Receivables Turnover for the company is 4.96 with a Total Asset Turnover recorded at a value of 0.17.FuelCell Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 4.40.

Earnings analysis for FuelCell Energy Inc. [FCEL]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FCEL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for FuelCell Energy Inc. go to 15.00%.

Insider trade positions for FuelCell Energy Inc. [FCEL]

There are presently around $761 million, or 37.40% of FCEL stock, in the hands of institutional investors. The top three institutional holders of FCEL stocks are: BLACKROCK INC. with ownership of 23,835,497, which is approximately 12.468% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 21,888,968 shares of the stock with an approximate value of $151.91 million in FCEL stocks shares; and STATE STREET CORP, currently with $55.63 million in FCEL stock with ownership of nearly 16.649% of the company’s market capitalization.

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Positions in FuelCell Energy Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 167 institutional holders increased their position in FuelCell Energy Inc. [NASDAQ:FCEL] by around 26,935,572 shares. Additionally, 99 investors decreased positions by around 15,150,490 shares, while 26 investors held positions by with 67,609,120 shares. The mentioned changes placed institutional holdings at 109,695,182 shares, according to the latest SEC report filing. FCEL stock had 90 new institutional investments in for a total of 5,205,598 shares, while 41 institutional investors sold positions of 1,852,952 shares during the same period.

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