FuelCell Energy Stock Scheduled to Reverse Split on Monday, November 11th (NASDAQ:FCEL)

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) are going to reverse split on Monday, November 11th. The 1-30 reverse split was announced on Thursday, November 7th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, November 8th.

FuelCell Energy Stock Down 15.1 %

FCEL traded down $0.05 during trading hours on Thursday, hitting $0.29. 66,493,562 shares of the company’s stock were exchanged, compared to its average volume of 31,166,945. The stock’s 50-day moving average is $0.38 and its two-hundred day moving average is $0.58. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18. FuelCell Energy has a 1-year low of $0.29 and a 1-year high of $1.84. The stock has a market cap of $163.80 million, a price-to-earnings ratio of -1.33 and a beta of 3.91.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Thursday, September 5th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $23.70 million for the quarter, compared to analysts’ expectations of $23.22 million. FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. During the same quarter in the prior year, the business posted ($0.06) EPS. Sell-side analysts predict that FuelCell Energy will post -0.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on FCEL. Canaccord Genuity Group reduced their target price on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating for the company in a research note on Friday, September 6th. UBS Group dropped their price objective on shares of FuelCell Energy from $1.35 to $0.50 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th.

Institutional Trading of FuelCell Energy

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC lifted its position in FuelCell Energy by 156.6% during the third quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company’s stock worth $1,789,000 after purchasing an additional 2,873,171 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of FuelCell Energy by 66.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,443,666 shares of the energy company’s stock worth $1,718,000 after acquiring an additional 574,042 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in FuelCell Energy by 43.8% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,268,856 shares of the energy company’s stock valued at $811,000 after acquiring an additional 386,751 shares during the last quarter. Inspire Investing LLC acquired a new position in FuelCell Energy during the first quarter valued at approximately $353,000. Finally, Virtu Financial LLC bought a new stake in FuelCell Energy during the first quarter worth $285,000. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.