At the time of writing, Fuelcell Energy Inc [FCEL] stock is trading at $1.21, up 5.22%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FCEL shares have gain 7.08% over the last week, with a monthly amount glided 7.08%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, Recently Updated and Extended Joint Development Agreement between ExxonMobil Technology and Engineering Company and FuelCell Energy Aimed at Accelerating Access to Carbonate Fuel Cell Technology for Carbon Capture. In a post published today on Yahoo Finance, Carbonate fuel cell technology captures CO2 emissions from industrial sources, while simultaneously generating electricity and hydrogen, valuable co-products that can reduce the cost of carbon capture and storage.
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.
For the past year, the stock price of Fuelcell Energy Inc fluctuated between $0.98 and $2.94. 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 $1.21 at the most recent close of the market. An investor can expect a potential return of 247.11% based on the average FCEL price forecast.
Analyzing the FCEL fundamentals
According to Fuelcell Energy Inc [NASDAQ:FCEL], the company’s sales were 103.01M for trailing twelve months, which represents an -54.98% plunge. Gross Profit Margin for this corporation currently stands at -0.27% with Operating Profit Margin at -1.52%, Pretax Profit Margin comes in at -1.28%, and Net Profit Margin reading is -1.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.15 and Total Capital is -0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.16.
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 1.1633 points at the first support level, and at 1.1167 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2483, and for the 2nd resistance point, it is at 1.2867.
Fuelcell Energy Inc [FCEL] reported earnings per share of -$0.05 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of $0.03 and a surprise factor of 37.50%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were -$0.07 per share as compared to estimates of -$0.08 per share, a difference of $0.01 representing a surprise of 12.50%.
Ratios To Look Out For
It is important to note that Fuelcell Energy Inc [NASDAQ:FCEL] has a current ratio of 8.26. Further, the Quick Ratio stands at 6.35, while the Cash Ratio is 5.63. Considering the valuation of this stock, the price to sales ratio is 5.31, the price to book ratio is 0.82.
