Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $936,000 Stock Holdings in FuelCell Energy, Inc. (NASDAQ:FCEL)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in FuelCell Energy, Inc. (NASDAQ:FCEL – Get Rating) by 48.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,527 shares of the energy company’s stock after buying an additional 53,391 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in FuelCell Energy were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in FCEL. Psagot Value Holdings Ltd. Israel increased its position in FuelCell Energy by 75.8% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 5,800 shares of the energy company’s stock valued at $176,000 after acquiring an additional 2,500 shares during the period. Sigma Planning Corp grew its stake in shares of FuelCell Energy by 7.4% in the fourth quarter. Sigma Planning Corp now owns 37,494 shares of the energy company’s stock worth $195,000 after purchasing an additional 2,585 shares during the last quarter. Hilltop Holdings Inc. increased its holdings in FuelCell Energy by 2.4% in the fourth quarter. Hilltop Holdings Inc. now owns 151,575 shares of the energy company’s stock valued at $788,000 after purchasing an additional 3,525 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in FuelCell Energy by 2.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 151,840 shares of the energy company’s stock worth $790,000 after purchasing an additional 4,246 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in FuelCell Energy by 40.6% during the 4th quarter. HighTower Advisors LLC now owns 15,109 shares of the energy company’s stock worth $80,000 after buying an additional 4,365 shares during the period. Institutional investors own 42.07% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a research note on Thursday, June 2nd. Craig Hallum dropped their price target on shares of FuelCell Energy from $6.00 to $3.00 and set a “hold” rating on the stock in a research report on Friday, June 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.00.
FuelCell Energy Stock Performance NASDAQ FCEL opened at $5.11 on Monday. The company has a market cap of $1.98 billion, a P/E ratio of -17.03 and a beta of 3.96. The company has a current ratio of 7.41, a quick ratio of 6.38 and a debt-to-equity ratio of 0.11. FuelCell Energy, Inc. has a 12-month low of $2.87 and a 12-month high of $11.63. The company has a fifty day simple moving average of $3.81 and a 200 day simple moving average of $4.57.
FuelCell Energy (NASDAQ:FCEL – Get Rating) last posted its earnings results on Thursday, June 9th. The energy company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The company had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $32.32 million. FuelCell Energy had a negative net margin of 120.33% and a negative return on equity of 12.76%. During the same period in the previous year, the firm earned ($0.06) EPS. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. Sell-side analysts predict that FuelCell Energy, Inc. will post -0.29 earnings per share for the current fiscal year.
FuelCell Energy Company Profile
FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.
Further Reading
Why is FuelCell Energy Inc. (FCEL) down -23.62% from the day 1 this year?
For the readers interested in the stock health of FuelCell Energy Inc. (FCEL). It is currently valued at $5.11. When the transactions were called off in the previous session, Stock hit the highs of $5.16, after setting-off with the price of $4.90. Company’s stock value dipped to $4.6704 during the trading on the day. When the trading was stopped its value was $4.78.Recently in News on August 9, 2022, FuelCell Energy CEO Jason Few to Present at the Canaccord Genuity 42nd Annual Growth Conference. 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 company President and CEO, Jason Few, will present at the Canaccord Genuity 42nd Annual Growth Conference on Thursday, Aug, 11, 2022 at approximately 12:30 p.m. ET. You can read further details here
FuelCell Energy Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $7.33 on 03/11/22, with the lowest value was $2.87 for the same time period, recorded on 05/12/22.
FuelCell Energy Inc. (FCEL) full year performance was -23.62%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, FuelCell Energy Inc. shares are logging -56.06% during the 52-week period from high price, and 78.05% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.87 and $11.63.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 14917043 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the FuelCell Energy Inc. (FCEL) recorded performance in the market was -1.73%, having the revenues showcasing 61.71% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.85B, as it employees total of 382 workers.
Market experts do have their say about FuelCell Energy Inc. (FCEL)
During the last month, 0 analysts gave the FuelCell Energy Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 8 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 4.27, with a change in the price was noted -1.43. In a similar fashion, FuelCell Energy Inc. posted a movement of -21.87% for the period of last 100 days, recording 15,808,379 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FCEL is recording 0.12 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.11.
Technical breakdown of FuelCell Energy Inc. (FCEL)
Raw Stochastic average of FuelCell Energy Inc. in the period of last 50 days is set at 95.15%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 95.07%. In the last 20 days, the company’s Stochastic %K was 91.10% and its Stochastic %D was recorded 88.41%.
Bearing in mind the latest performance of FuelCell Energy Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -1.73%. Additionally, trading for the stock in the period of the last six months notably improved by 6.02%, alongside a downfall of -23.62% for the period of the last 12 months. The shares 23.13% in the 7-day charts and went down by 35.19% in the period of the last 30 days. Common stock shares were driven by 61.71% during last recorded quarter.
