Somewhat Positive News Coverage Somewhat Unlikely to Affect FuelCell Energy (FCEL) Stock Price

Media stories about FuelCell Energy (NASDAQ:FCEL) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. FuelCell Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 45.6174364194161 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of FCEL stock traded down $0.02 on Friday, reaching $1.18. The company had a trading volume of 496,323 shares, compared to its average volume of 1,189,178. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.33 and a quick ratio of 1.62. The stock has a market cap of $103.16 million, a PE ratio of -1.06 and a beta of 1.66. FuelCell Energy has a 12 month low of $1.07 and a 12 month high of $2.49.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, June 7th. The energy company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.06). The business had revenue of $20.83 million for the quarter, compared to the consensus estimate of $20.43 million. FuelCell Energy had a negative return on equity of 46.14% and a negative net margin of 37.67%. During the same period in the prior year, the business earned ($0.33) earnings per share. research analysts anticipate that FuelCell Energy will post -0.71 earnings per share for the current year.

Several equities research analysts have issued reports on FCEL shares. Zacks Investment Research lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. ValuEngine raised shares of FuelCell Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, June 2nd. Finally, B. Riley set a $4.00 target price on shares of FuelCell Energy and gave the stock a “buy” rating in a report on Friday, June 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $3.50.

In other FuelCell Energy news, Chairman John A. Rolls purchased 152,000 shares of the firm’s stock in a transaction dated Wednesday, June 27th. The stock was bought at an average cost of $1.31 per share, with a total value of $199,120.00. Following the purchase, the chairman now directly owns 317,274 shares of the company’s stock, valued at $415,628.94. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.11% of the stock is owned by company insiders.

About FuelCell Energy

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed power generation. The company offers SureSource power plants, a tri-generation distributed hydrogen configuration that generates electricity, heat, and hydrogen for commercial, industrial, government, and utility customers; and fuel cell carbon capture solution for coal or gas-fired power plants.

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