FuelCell Energy Inc (NASDAQ: FCEL) stock significantly lost its trading price in the July 17 trading session. It opened trading at $2.49, dipped to $2.47, hit a high of $2.48, and closed trading at $2.48 with an intraday trading volume of 344.659K.
FCEL stock lost more than 8.78% in the monthly time frame, and the price fell over 33.42% in the yearly time frame. The annual price target of Fuel Cell Energy Inc is $2.63, around 5.42% greater than the current trading price.
In the 52-week time frame, FCEL’s stock lowest trading price was $1.77, and its highest trading price was $5.50. If buyers succeed in pulling the price upwards, the upcoming FCEL stock high is $2.58.
The market capitalization of FuelCell Energy Inc (NASDAQ: FCEL) is $1.013 billion, and its average volume is $19.19 million. According to TradingView, 405.959 million FCEL shares are free-floating, and the remaining 801.726k shares are closely held by the company’s financial backers or the board of directors.
FuelCell Energy Inc’s revenue-to-profit conversion constitutes -21% gross profit, 92% of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), -109% of Earnings before interest and taxes (EBIT), and -109% of net income.
The company majorly generates its income from Advanced Technology Contract, Service Agreement, and License. The company serves users in South Korea, the United States, Germany, and the United Kingdom.
The company’s total assets are $580.28 million in the short-term, and liabilities are $85.80 million. Moreover, the long-term total assets of the company are $359.4 million, and liabilities are $99.53 million.
FuelCell Energy, Inc Earnings & Revenue
In the first quarter of 2023, FuelCell Energy Inc generated 38.42% more revenue than the estimated figures. The company’s estimated revenue was $26.85 million but it reported $37.07 million. Similarly, the company reported 50.42% more revenue in the second quarter compared to the estimated amount.
FuelCell Energy, Inc’s Earnings Per Share (EPS) reflected an impressive hike of 28% in Q1 2023, but EPS showed a negative attitude in Q2. The estimated revenue for Q3 and Q4 2023 is $28.18 million and $29.43 million, respectively.
In the Financial year 2022, the company’s reported revenue was $130.48 million. Its net income was -$142.72 million, and its profit margin was -109.38%.
Over the past year, FCEL’s performance has yet to follow the S&P 500’s patterns. The S&P 500 grew 17.65%, while FCEL saw a decline of 33.43%. FCEL had a loss of $0.32 per share throughout these 12 months.
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Source: https://www.thecoinrepublic.com/2023/07/18/fcel-stock-rose-over-19-weekly-and-is-approaching-2-58/