FuelCell Energy Inc. [FCEL] Earnings Report Preview Oct 2020

FCEL Earnings Estimates For The Current Year

For the financial year, FuelCell Energy Inc. [NASDAQ:FCEL] is expected to bring in revenue of $71.14M. The returns are nearly $10.39 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.38, higher than that of FY19 by $1.07. Estimates put this year’s earnings growth at 73.80%, 57.90% for the next, and at an annual 15.00% over the next 5-year period. As for sales, forecasts are for an increase of 17.10% in the current fiscal year and a further 23.40% over the following year.

FCEL Price Performance

On Wall Street, FuelCell Energy Inc. [NASDAQ:FCEL] finished Tuesday’s session up 14.43% at $18.13. The stock went up to $18.32 at the same session while its lowest single day price was $16.30. In the last five days, it saw a rise of about 15.08%, FuelCell Energy Inc. shares gained by almost 62.26% since the beginning of the year. However, the share price has dropped to as low as -13.44% below its one year high. On 01/13/21, the company shares recorded $20.94, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $10.13. The company’s shares have inclined by 655.21% in the past year. The 50-day SMA achieved is $9.25 while the 200-day SMA is $4.08. Volume dropped to 54.04 million from 59.78 million in the previous session.

FCEL Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 18.13 level, and in case of violation of this particular level, it will cause more drop to 16.84 level. On the upper level, 20.88 is still the key resistance. The stock may increase to the subsequent resistance at 19.60. The Relative Strength Index (RSI) pinned on the 14-day chart is 68.11, implying a neutral technical stance while the MACD stands at 2.64, meaning price will increase in the next trading period. Percent R indicator moved to 26.04%, implying bullish price movement. Stochastic %K at 59.87% suggest holding the stock.

Is FuelCell Energy Inc. [NASDAQ:FCEL] a Good Buy Right Now?

It should be noted that FCEL technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from FuelCell Energy Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 73.47 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 79.36 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 48.86 million shares.

What is the short interest in FuelCell Energy Inc.?

Short interest in the FuelCell Energy Inc. stock has plunged, decreasing by -8.48 million shares to total 43.14 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 34.66 million, data from Yahoo Finance shows. The increase of 19.66% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 13.38% of the overall float for the stock.

FuelCell Energy Inc.’s Biggest Shareholders: Who Owns FuelCell Energy Inc. [FCEL]?

Filings by Heights Capital Management, Inc. showed that the firm now holds a total of 19,000,000 shares or roughly 5.94% of the outstanding FCEL shares. During the last quarter, The Vanguard Group, Inc. raised 1,771,852 of its shares in FuelCell Energy Inc. while Invesco Capital Management LLC bought 3,437,748 shares. The SSgA Funds Management, Inc.’s holdings currently number 4,860,819 shares at $88126648.47. According to the firm’s last 13F report, Hudson Bay Capital Management LP shares in the company at filing stood at 3,531,100 shares, roughly $39,442,387.

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What are analyst thoughts on FuelCell Energy Inc.?

Looking forward to the FuelCell Energy Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for FuelCell Energy Inc. stock at $10.00 within the next 12 months, which represents almost -81.3 per cent growth from its previous closing price of $18.13. The highest analysts’ target for FuelCell Energy Inc. stock projections is $18.50 and the lowest one is $6.50. Still, 5 analysts sharing their consensus rating for FCEL stock in 2021 agree that it is a Hold.