A share price of Fuelcell Energy Inc [FCEL] is currently trading at $1.24, up 4.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The FCEL shares have gain 8.77% over the last week, with a monthly amount glided 3.33%, and seem to be holding up well over a long-time horizon.
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On 1, March 2024, FuelCell Energy Announces First Quarter of Fiscal 2024 Results Conference Call on March 7, 2024 at 10 A.M. Eastern Time. In a post published today on Yahoo Finance, FuelCell Energy, Inc. (Nasdaq: FCEL) — a global leader in manufacturing stationary fuel cell energy platforms for decarbonizing power and producing hydrogen through its proprietary, state-of-the-art fuel cell technology to enable a world empowered by clean energy— today announced the upcoming release of its first quarter of fiscal 2024 results prior to the Stock Market Open on Thursday, March 7, 2024. FuelCell Energy management will subsequently host a conference call with investors beginning at 10:00 a.m. Eastern Time on Thursday, March 7, 2024, to discuss the results and provide a business update.
From an analyst’s perspective:
Previously, UBS started tracking the stock with Neutral rating on December 14, 2022, and set its price target to $3.85. On October 19, 2022, Jefferies initiated with a Hold rating and assigned a price target of $3 on the stock. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. Craig Hallum upgraded its rating to Hold for this stock on December 29, 2021, but kept the price target unchanged to $5. In a note dated April 20, 2021, Wells Fargo initiated an Underweight rating and provided a target price of $9 on this stock.
Fuelcell Energy Inc experienced fluctuations in its stock price throughout the past year between $0.98 and $4.02. Currently, Wall Street analysts expect the stock to reach $4.2 within the next 12 months. Fuelcell Energy Inc [NASDAQ: FCEL] shares were valued at $1.24 at the most recent close of the market. An investor can expect a potential return of 238.71% based on the average FCEL price forecast.
Analyzing the FCEL fundamentals
Trailing Twelve Months sales for Fuelcell Energy Inc [NASDAQ:FCEL] were 123.39M which represents -42.70% decline. Gross Profit Margin for this corporation currently stands at -0.09% with Operating Profit Margin at -1.1%, Pretax Profit Margin comes in at -0.87%, and Net Profit Margin reading is -0.89%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.15 and Total Capital is -0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.1733 points at the first support level, and at 1.1067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2933, and for the 2nd resistance point, it is at 1.3467.
Fuelcell Energy Inc [FCEL] reported earnings per share of -$0.07 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of $0.01 and a surprise factor of 12.50%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were -$0.06 per share as compared to estimates of -$0.08 per share, a difference of $0.02 representing a surprise of 25.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fuelcell Energy Inc [NASDAQ:FCEL] is 7.23. On the other hand, the Quick Ratio is 5.95, and the Cash Ratio is 3.79. Considering the valuation of this stock, the price to sales ratio is 4.53, the price to book ratio is 0.82.
