Sunday, June 26, 2022

Checking in on FuelCell Energy Inc. (FCEL) after recent insiders movement

In a filing, FuelCell Energy Inc. revealed its EVP, CFO & Treasurer Bishop Michael S. unloaded Company’s shares for reported $55440.0 on Nov 24. In the deal valued at $9.24 per share,6,000 shares were sold. As a result of this transaction, Bishop Michael S. now holds 22,761 shares worth roughly $ 83760.48000000001.

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A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early January with a ‘”a Sector weight”‘ rating. Craig Hallum also remained covering FCEL and has increased its forecast on December 29, 2021 with a “Hold” recommendation from previously “Sell” rating. Wells Fargo started covering the stock on April 20, 2021. It rated FCEL as “an Underweight”.

Price Performance Review of FCEL

On Tuesday, FuelCell Energy Inc. [NASDAQ:FCEL] saw its stock jump 6.36% to $3.68. On the same session, the stock had its day’s lowest price of $3.52, but rose to a high of $3.78. Over the last five days, the stock has gained 11.52%. FuelCell Energy Inc. shares have fallen nearly -29.23% since the year began. Nevertheless, the stocks have fallen -58.32% over the past one year. While a 52-week high of $11.63 was reached on 03/11/22, a 52-week low of $2.87 was recorded on 05/12/22. SMA at 50 days reached $4.10, while 200 days put it at $5.93. A total of 10.51 million shares were traded, compared to the trading of 12.51 million shares in the previous session.

Levels Of Support And Resistance For FCEL Stock

The 24-hour chart illustrates a support level at 3.54, which if violated will result in even more drops to 3.40. On the upside, there is a resistance level at 3.80. A further resistance level may holdings at 3.92. The Relative Strength Index (RSI) on the 14-day chart is 47.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.59%. Stochastics %K at 27.78% indicates the stock is a holding.

How much short interest is there in FuelCell Energy Inc.?

A steep rise in short interest was recorded in FuelCell Energy Inc. stocks on Apr 28, 2022, growing by 2.7 million shares to a total of 58.0 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 55.3 million shares. There was a rise of 4.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.93.

FuelCell Energy Inc. [FCEL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 31,384,321 shares, or roughly 8.56% of the outstanding FCEL shares. In other words, the investor’s shares have fallen by -20,368 from its previous 13-F filing of 31404689.0. Additionally, BlackRock Fund Advisors increased 1.95% of its stake after which the total value it holdings stand at $107,536,465, while SSgA Funds Management, Inc. added 3.31% of its stake to hold $37.41 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 156,514 shares of FuelCell Energy Inc., while BlackRock Advisors bought 1,125,396 shares. At present, GO ETF Solutions LLP is holding 5,524,535 shares valued at $22.65 million. D. E. Shaw & Co. LP owned 4,082,006 shares of the company at the time of its most recent 13F filing, worth $16.74 million.

According to FactSet, FuelCell Energy Inc.’s share price will average $4.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 44.51 percent from its previous closing price of $3.46. Analysts expect FuelCell Energy Inc. stock to reach the higher price of $5.00, while the lowest price estimate is $3.00. The most recent change occurred on April 16, 2021 when B. Riley Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $11 price target.

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