Fuelcell Energy Inc (NASDAQ: FCEL) stock jumped 0.41% on Friday to $1.22 against a previous-day closing price of $1.22. With 16.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 11.28 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $1.2700 whereas the lowest price it dropped to was $1.1600. The 52-week range on FCEL shows that it touched its highest point at $4.36 and its lowest point at $0.98 during that stretch. It currently has a 1-year price target of $1.95. Beta for the stock currently stands at 3.61.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FCEL was up-trending over the past week, with a rise of 18.45%, but this was down by -0.41% over a month. Three-month performance dropped to -20.78% while six-month performance fell -42.45%. The stock lost -66.39% in the past year, while it has lost -56.12% so far this year. A look at the trailing 12-month EPS for FCEL yields -0.30 with Next year EPS estimates of -0.29. For the next quarter, that number is -0.08. This implies an EPS growth rate of 26.85% for this year and -5.49% 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 51.14%.
Float and Shares Shorts:
At present, 450.63 million FCEL shares are outstanding with a float of 449.61 million shares on hand for trading. On Oct 30, 2023, short shares totaled 74.94 million, which was 16.63% higher than short shares on Sep 28, 2023. In addition to Mr. Jason B. Few as the firm’s President, CEO & Director, Mr. Michael S. Bishop serves as its Executive VP, CFO, Principal Accounting Officer & Treasurer.
Institutional Ownership:
Through their ownership of 50.45% of FCEL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 27.78% of FCEL, in contrast to 17.93% held by mutual funds. Shares owned by individuals account for 0.25%. As the largest shareholder in FCEL with 8.94% of the stake, The Vanguard Group, Inc. holds 40,299,822 shares worth 40,299,822. A second-largest stockholder of FCEL, BlackRock Fund Advisors, holds 31,146,152 shares, controlling over 6.91% of the firm’s shares. Legal & General Investment Manage is the third largest shareholder in FCEL, holding 13,582,089 shares or 3.01% stake. With a 3.14% stake in FCEL, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 14,142,790 shares are owned by the mutual fund manager. The L&G Hydrogen Economy UCITS ETF, which owns about 2.86% of FCEL stock, is the second-largest Mutual Fund holder. It holds 12,863,213 shares valued at 14.02 million. Vanguard Small Cap Index Fund holds 2.57% of the stake in FCEL, owning 11,567,633 shares worth 12.61 million.
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 $3.20 and a low target of $1.00, the average target price over the next 12 months is $1.95. Based on these targets, FCEL could surge 162.3% to reach the target high and fall by -18.03% to reach the target low. Reaching the average price target will result in a growth of 59.84% from current levels.
Summary of Insider Activity:
Insiders traded FCEL stock several times over the past three months with 12 Buys and 12 Sells. In these transactions, 533,128 shares were bought while 238,912 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 724,889 while 313,051 shares were sold.
