Somewhat Favorable Media Coverage Somewhat Unlikely to Impact FuelCell Energy (FCEL) Share Price

News coverage about FuelCell Energy (NASDAQ:FCEL) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FuelCell Energy earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 46.8826404924284 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

FCEL traded down $0.07 on Monday, hitting $1.08. 1,611,300 shares of the company were exchanged, compared to its average volume of 1,139,010. The company has a current ratio of 2.33, a quick ratio of 1.62 and a debt-to-equity ratio of 0.81. FuelCell Energy has a fifty-two week low of $1.00 and a fifty-two week high of $2.49. The firm has a market capitalization of $106.12 million, a P/E ratio of -0.97 and a beta of 1.66.

FuelCell Energy (NASDAQ:FCEL) last issued its 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). FuelCell Energy had a negative return on equity of 46.14% and a negative net margin of 37.67%. The company had revenue of $20.83 million for the quarter, compared to analyst estimates of $20.43 million. During the same quarter in the previous year, the company posted ($0.33) earnings per share. analysts predict that FuelCell Energy will post -0.71 EPS for the current year.

FCEL has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, June 12th. ValuEngine upgraded shares of FuelCell Energy from a “strong sell” rating to a “sell” rating in a research 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 research report on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $3.50.

In related news, Chairman John A. Rolls bought 152,000 shares of the stock in a transaction on Wednesday, June 27th. The shares were bought at an average cost of $1.31 per share, for a total transaction of $199,120.00. Following the completion of the transaction, the chairman now owns 317,274 shares of the company’s stock, valued at approximately $415,628.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.11% of the company’s stock.

FuelCell Energy Company Profile

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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