Research Recommendations For FuelCell Energy Inc. (FCEL): Here is What You Should Know


FuelCell Energy Inc. (NASDAQ:FCEL) saw an upside of 9.79% to close Monday at $3.70 after adding $0.33 on the day. The 5-day average trading volume is 12,336,960 shares of the company’s common stock. It has gained $3.72 in the past week and touched a new high 3 times within the past 5 days. An average of 11,387,045 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,055,392.

FCEL’s 1-month performance is 39.62% or $1.03 on its low of $2.49 reached on 12/28/22. The company’s shares have touched a 52-week low of $2.47 and high of $7.33, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, FCEL has achieved 33.09% or $0.92 and has reached a new high 7 times. However, the current price is down -49.51% from the 52-week high price.

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Valuation Metrics

FCEL stock has a beta of 3.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.68 while the price-to-book (PB) in the most recent quarter is 2.19.

FuelCell Energy Inc.’s quick ratio for the period ended October 30 was 5.70, with the current ratio over the same period at 6.80. As well, the company’s long term debt to equity for the quarter ending October 30 was 0.10, while the total debt to equity was 0.12. In terms of profitability, the gross margin trailing 12 months is -22.70%. The firm’s gross profit as reported stood at -$29.57 million against revenue of $130.48 million.

Earnings Surprise

For the quarterly period ending October 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 42.27% to -$43.27 million, while revenue of -$30.21 million was 30.18% off the previous quarter. Analysts expected FCEL to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.11, representing a -57.10% surprise. EBITDA for the quarter stood at more than -$37.76 million. FCEL stock balance sheet for the quarter ending October 30 shows that total liabilities totaled 248.22 million, with total debt at $104.29 million. Shareholders hold equity totaling $405.72 million.

Let’s look briefly at FuelCell Energy Inc. (FCEL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 69.60% to suggest the stock is trending Neutral, with historical volatility in this time period at 76.72%.

The stock’s 5-day moving average is $3.41, reflecting a +14.20% or $0.46 change from its current price. FCEL is currently trading +37.04% above its 20-day SMA, -13.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.72% and SMA200 by-38.13%.

Stochastic %K and %D was 72.97% and 70.01% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 63.87%, while the 14-day stochastic is at 98.21% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at 0.11 and 0.30 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for FuelCell Energy Inc. (NASDAQ: FCEL), UBS launched coverage with a Neutral rating. Analysts offering their rating for FCEL stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate FCEL as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is FCEL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.00 and a high of $4.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for FuelCell Energy Inc. (FCEL) stock is $3.23.


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