FuelCell Energy (NASDAQ:FCEL) Sets New 52-Week Low - Here's Why

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.72 and last traded at $6.80, with a volume of 306588 shares traded. The stock had previously closed at $7.50.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FCEL shares. Canaccord Genuity Group reduced their price target on FuelCell Energy from $1.50 to $1.25 and set a "hold" rating on the stock in a research report on Friday, September 6th. UBS Group reduced their price target on FuelCell Energy from $1.35 to $0.50 and set a "neutral" rating on the stock in a research report on Tuesday, August 6th.

FuelCell Energy Trading Down 11.0 %

The firm has a market capitalization of $3.71 billion, a P/E ratio of -25.69 and a beta of 3.91. The firm has a 50-day moving average of $0.50 and a 200-day moving average of $0.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.97 and a current ratio of 6.91.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The energy company reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.07). The firm had revenue of $23.70 million for the quarter, compared to analyst estimates of $23.22 million. FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. During the same period last year, the company earned ($0.06) EPS. On average, equities research analysts anticipate that FuelCell Energy, Inc. will post -0.24 EPS for the current fiscal year.

Institutional Investors Weigh In On FuelCell Energy

A number of large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its position in shares of FuelCell Energy by 156.6% during the third quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company's stock valued at $1,789,000 after purchasing an additional 2,873,171 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of FuelCell Energy by 42.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 479,379 shares of the energy company's stock valued at $571,000 after purchasing an additional 141,747 shares in the last quarter. Tidal Investments LLC boosted its position in shares of FuelCell Energy by 36.4% during the first quarter. Tidal Investments LLC now owns 627,893 shares of the energy company's stock valued at $747,000 after purchasing an additional 167,657 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of FuelCell Energy during the first quarter valued at approximately $285,000. Finally, Inspire Investing LLC bought a new stake in shares of FuelCell Energy during the first quarter valued at approximately $353,000. 42.78% of the stock is currently owned by institutional investors.

About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.