Stocks of FuelCell Energy Inc. (FCEL) are poised to climb above their peers

FuelCell Energy Inc. (NASDAQ: FCEL) stock fell -4.68% on Tuesday to $2.24 against a previous-day closing price of $2.35. With 9.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 10.58 million shares. The 52-week range on FCEL shows that it touched its highest point at $5.50 and its lowest point at $1.77 during that stretch. It currently has a 1-year price target of $3.26. Beta for the stock currently stands at 3.65.

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Price Performance and Earnings:

Three-month performance dropped to -33.53% while six-month performance fell -37.25%. The stock lost -39.46% in the past year, while it has lost -19.42% so far this year. A look at the trailing 12-month EPS for FCEL yields -0.32 with Next year EPS estimates of -0.27. For the next quarter, that number is -0.08. This implies an EPS growth rate of -22.30% for this year and 0.00% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 51.20%.

Float and Shares Shorts:

At present, 405.80 million FCEL shares are outstanding with a float of 405.31 million shares on hand for trading. On Apr 27, 2023, short shares totaled 67.47 million, which was 16.63% higher than short shares on Mar 30, 2023. In addition to Mr. Jason B. Few as the firm’s Pres, CEO & Director, Mr. Michael S. Bishop serves as its Exec. VP, CFO & Principal Accounting Officer.

Institutional Ownership:

Through their ownership of 47.77% of FCEL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 31.61% of FCEL, in contrast to 17.53% held by mutual funds. Shares owned by individuals account for 0.20%. As the largest shareholder in FCEL with 9.20% of the stake, The Vanguard Group, Inc. holds 37,306,249 shares worth 37,306,249. A second-largest stockholder of FCEL, BlackRock Fund Advisors, holds 29,736,539 shares, controlling over 7.33% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in FCEL, holding 12,837,169 shares or 3.16% stake. With a 3.09% stake in FCEL, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 12,547,591 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.62% of FCEL stock, is the second-largest Mutual Fund holder. It holds 10,644,135 shares valued at 20.01 million. iShares Russell 2000 ETF holds 2.13% of the stake in FCEL, owning 8,631,507 shares worth 16.23 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jan 30, 2023, FCEL reported revenue of $16.38M and operating income of -$28.22M. The EBITDA in the recently reported quarter was -$28.42M and diluted EPS was -$0.08.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FCEL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FCEL analysts setting a high price target of $4.00 and a low target of $2.00, the average target price over the next 12 months is $3.26. Based on these targets, FCEL could surge 78.57% to reach the target high and fall by -10.71% to reach the target low. Reaching the average price target will result in a growth of 45.54% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded FCEL stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 83,493 shares were bought while 27,010 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 997,510 while 446,291 shares were sold.

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