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

FuelCell Energy, Inc. (NASDAQ:FCEL) shares 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 %

FuelCell Energy stock traded down $0.05 during trading on Thursday, hitting $0.29. 66,493,562 shares of the company were exchanged, compared to its average volume of 31,166,945. The business’s 50 day moving average is $0.38 and its 200 day moving average is $0.58. FuelCell Energy has a 52 week low of $0.29 and a 52 week high of $1.84. The company has a market capitalization of $163.80 million, a P/E ratio of -1.33 and a beta of 3.91. The company has a current ratio of 6.91, a quick ratio of 4.97 and a debt-to-equity ratio of 0.18.

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

Analyst Ratings Changes

FCEL has been the topic of several research analyst reports. Canaccord Genuity Group cut their price objective on FuelCell Energy from $1.50 to $1.25 and set a “hold” rating on the stock in a research report on Friday, September 6th. UBS Group cut their price objective on 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 Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FCEL. SG Americas Securities LLC lifted its position in shares of FuelCell Energy by 156.6% during the 3rd quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company’s stock valued at $1,789,000 after buying an additional 2,873,171 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted 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 valued at $1,718,000 after buying an additional 574,042 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of FuelCell Energy by 43.8% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,268,856 shares of the energy company’s stock valued at $811,000 after buying an additional 386,751 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of FuelCell Energy during the 1st quarter valued at $353,000. Finally, Virtu Financial LLC purchased a new position in shares of FuelCell Energy during the 1st quarter valued at $285,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

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.