KeyBanc Capital Markets lifts FuelCell Energy Inc. [FCEL] price estimate. Who else is bullish?

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FuelCell Energy Inc. [NASDAQ: FCEL] loss -9.26% on the last trading session, reaching $3.92 price per share at the time. The company report on May 5, 2022 that FuelCell Energy Extends Term of Agreement with ExxonMobil for Development and Deployment of Carbon Capture Technology.

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FuelCell Energy, Inc. (Nasdaq: FCEL) — a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power, and producing hydrogen to enable a world empowered by clean energy – today announced that it has extended the term of its joint development agreement with ExxonMobil Technology and Engineering Company through December 31, 2022. The agreement will enable the companies to continue working to advance fuel cell carbon capture and storage technology closer to commercialization and to explore market applications with a focus on three areas:.

1) Continue technology development to enhance understanding of fuel cell operating envelope for various carbon capture applications.

FuelCell Energy Inc. represents 366.74 million in outstanding shares, while the company has a total market value of $1.58 billion with the latest information. FCEL stock price has been found in the range of $3.8502 to $4.31.

If compared to the average trading volume of 19.67M shares, FCEL reached a trading volume of 16028490 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $5.58 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.

KeyBanc Capital Markets have made an estimate for FuelCell Energy Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on January 05, 2022. The new note on the price target was released on December 29, 2021, representing the official price target for FuelCell Energy Inc. stock. Previously, the target price had yet another raise to $9, while Wells Fargo analysts kept a Underweight rating on FCEL stock.

The Average True Range (ATR) for FuelCell Energy Inc. is set at 0.39, with the Price to Sales ratio for FCEL stock in the period of the last 12 months amounting to 18.31. The Price to Book ratio for the last quarter was 2.39, with the Price to Cash per share for the same quarter was set at 0.93.

Trading performance analysis for FCEL stock

FuelCell Energy Inc. [FCEL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.92. With this latest performance, FCEL shares dropped by -30.74% in over the last four-week period, additionally sinking by -57.76% over the last 6 months – not to mention a drop of -52.08% 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 34.35, with the RSI for the last a single of trading hit 32.22, and the three-weeks RSI is set at 37.09 for FuelCell Energy Inc. [FCEL]. The present Moving Average for the last 50 days of trading for this stock 5.56, while it was recorded at 4.33 for the last single week of trading, and 6.32 for the last 200 days.

FuelCell Energy Inc. [FCEL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and FuelCell Energy Inc. [FCEL] shares currently have an operating margin of -86.05 and a Gross Margin at -15.25. FuelCell Energy Inc.’s Net Margin is presently recorded at -145.23.

Return on Equity for this stock declined to -21.13, with Return on Assets sitting at -14.45.

FuelCell Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.90 and a Current Ratio set at 6.80.

FuelCell Energy Inc. [FCEL]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at FuelCell Energy Inc. [FCEL]

There are presently around $582 million, or 45.60% of FCEL stock, in the hands of institutional investors. The top three institutional holders of FCEL stocks are: BLACKROCK INC. with ownership of 32,625,987, which is approximately 4.92% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 32,316,818 shares of the stock with an approximate value of $126.68 million in FCEL stocks shares; and STATE STREET CORP, currently with $34.62 million in FCEL stock with ownership of nearly 19.187% of the company’s market capitalization.

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 144 institutional holders increased their position in FuelCell Energy Inc. [NASDAQ:FCEL] by around 27,045,658 shares. Additionally, 108 investors decreased positions by around 17,152,397 shares, while 62 investors held positions by with 104,308,883 shares. The mentioned changes placed institutional holdings at 148,506,938 shares, according to the latest SEC report filing. FCEL stock had 47 new institutional investments in for a total of 4,532,431 shares, while 39 institutional investors sold positions of 5,498,274 shares during the same period.