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© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. FuelCell Energy’s stock is owned by many different retail and institutional investors.

FuelCell Energy, Inc., together with its subsidiaries, manufactures and sells stationary fuel cell energy platforms that decarbonize power and produce hydrogen. Its SureSource power plants generate electricity, heat, hydrogen, and water. In addition, the company provides turn-key solutions, including development, engineering, procurement, construction, interconnection, and operation services. The company primarily operates in the United States, South Korea, England, Germany, and Switzerland. FuelCell Energy, Inc. was founded in 1969 and is headquartered in Danbury, Connecticut.

Company Profile FCEL

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An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split. Hydrogen is widely viewed as necessary to decarbonize the planet, and the race is on to dominate the market. Given my expectations for further, material dilution going forward, I would abstain from chasing the common shares even with the stock price near multi-year lows. In combination, FuelCell Energy’s service and generation backlog had a weighted average term of approximately 17 years at quarter end. Common shareholder dilution has continued into the current quarter with an additional 2 million shares having been sold into the open market for net proceeds of approximately $4.2 million. For the fiscal year, analysts expect a loss per share of $0.296, compared to $-0.380 in the same period last year.

Business Summary

To date in fiscal year 2023, cash payments for capital expenditures have totaled approximately $28.0 million. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023.

The carbonate platforms can also capture CO2 from an external source, utilizing the flue stream of a power plant or an industrial boiler as a replacement for traditional air intake. The company was founded by Bernard Baker and Martin Klein in 1969 and is headquartered in Danbury, CT. The Company continues to advance its solid oxide platform research, including increasing production of solid oxide fuel cell modules and expanding manufacturing capacity. The Company continues to work with INL on a demonstration high-efficiency electrolysis platform.

FuelCell reports a second-quarter loss of 9 cents a share on revenue of $38.3 million. It’s been a tough year for those in the business of shorting stocks, as a feared recession hasn’t arrived, which has allowed the beaten-down of Corporate America to survive, if perhaps not thrive. FuelCell Energy said on Monday it would extend a carbon capture joint development agreement with a unit of Exxon Mobil to March 31 next year. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

FuelCell Energy’s (FCEL) Q3 Loss Narrows: Buy, Sell, or Hold?

The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. The scores are based on the trading styles of Value, Growth, and Momentum.

According to 4 analysts, the average rating for FCEL stock is “Hold.” The 12-month stock price forecast is $2.71, which is an increase of 118.55% from the latest price. FuelCell Energy’s stock reverse split before market open on Thursday, May 9th 2019. The 1-12 reverse split was announced on Wednesday, May 8th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, May 8th 2019.

FuelCell Energy Q2 per-share loss 9 cents vs. loss 8 cents a year ago; FactSet loss consensus was 8 cents

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, classic chart patterns from our research and data to our policies on content and your personal data. The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 19th 2023.

There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should “reduce” FCEL shares. 5 equities research analysts have issued 12-month price objectives for FuelCell Energy’s stock. On https://1investing.in/ average, they predict the company’s share price to reach $2.48 in the next twelve months. This suggests a possible upside of 99.6% from the stock’s current price. View analysts price targets for FCEL or view top-rated stocks among Wall Street analysts.

• The race is on to dominate the green hydrogen movement and these companies are in the best position to win the race to decarbonize industry.
• Consequently, near-term revenue growth will require new product sales and/or more large-scale service agreements for legacy fuel cell projects in Korea.
• Top institutional shareholders include BlackRock Inc. (10.43%), State Street Corp (3.08%), Geode Capital Management LLC (2.14%), Dimensional Fund Advisors LP (1.00%), Northern Trust Corp (0.96%) and Great West Life Assurance Co.
• The company was founded in 1969 and is headquartered in Danbury, CT.

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.

Sales estimates average $131.8 million, after the previous year saw $ 130.5 million. Penny stocks are commonly defined as stocks that trade for less than $5 per share. Because of their low outstanding share value, penny stocks almost always carry small market capitalizations. As of August 31st, there was short interest totaling 80,120,000 shares, an increase of 16.2% from the August 15th total of 68,950,000 shares.

More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Unfortunately, neither carbon capture nor the solid oxide platforms won’t contribute meaningfully to the company’s financial performance anytime soon which leaves FuelCell Energy mostly dependent on the core molten carbonate fuel cell business for the time being. FCEL charged up 2.7% in premarket trading Monday, after the maker of fuel cell technology platforms said it received an order from Exxon Mobil Corp. For the three months ended July 31, 2023, we operated at an annualized production rate of approximately 28.9 megawatts (“MW”) in our Torrington, CT manufacturing facility, compared to the annualized production rate of 36.5 MW for the three months ended July 31, 2022. The lower annualized production rate for the three months ended July 31, 2023 is primarily a result of reduced staffing in certain production areas during the three months ended July 31, 2023 compared to the three months ended July 31, 2022. The Company continuously evaluates its production rate and staffing levels and has determined that the current levels are sufficient to satisfy the current demand for carbonate fuel cell modules.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. We’d like to share more about how we work and what drives our day-to-day business. FCEL’s beta can be found in Trading Information at the top of this page.

For example, a price above its moving average is generally considered an upward trend or a buy. FuelCell designs manufactures, sells, installs, operates, and services fuel cell products, which efficiently convert chemical energy in fuels into electricity through a series of chemical reactions. It serves various industries such as Industrial, Wastewater treatment, Commercial and Hospitality, Data centers and Communications, Education and Healthcare, and others. Geographically, the company generates a majority of its revenue from South Korea followed by the United States.

The balance of approximately 3.4 million shares was settled subsequent to July 31, 2023, resulting in (…) net proceeds of approximately $7.3 million (…). This story was written by Markets Insider’s RoboEddy, which automatically writes these stories based on data provided by our partners. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company.

In terms of assets, Uranium Energy currently has 4.1 million pounds in physical uranium portfolio. Further, resources at Wyoming are estimated at 42 million pounds. With BHP, investors are dealing with a known entity with a generally predictable business.

• Nuclear energy certainly appears to be the near future, with more countries turning to nuclear as a source of fuel.
• In Lost Creek alone the company possesses 1,800 unpatented mining claims with 3 mineral leases in Wyoming.
• The trust purchased more than 24 million pounds U3O8 in 2021, or about 25% of all spot purchases.
• According to a Pew Research Center report, a growing share of Americans favor more nuclear power.
• Its main operation is the Lost Creek uranium facility in Wyoming.

Analysts at Haywood Securities recently listed three they have on their radar right now. Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modelling. As an overview, Denison Mines is involved in uranium exploration and development in Canada. Uranium is primarily used as fuel to power the nuclear fission plants that produce about 10% of the world’s electricity. It represents an emissions-free alternative to fossil fuels while also being more reliable than renewable energy sources such as wind and solar.

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The company’s headquarters are in Toronto, but the majority of its assets are in Saskatchewan. With the uranium sector bouncing back, expanding its operations into this new sphere could really benefit the company. The company is one of the leading uranium producers in the U.S., running the only conventional uranium mill in Utah. During the global pandemic, the government launched a program to support U.S. uranium companies.

The uranium industry is receiving a boost from the growing push to decarbonize the global economy, and because of this, investors may be wondering which uranium stocks to watch. From November 2021 highs of $2.14, the penny stock has corrected to current levels of $1.20. A report from World Nuclear Association indicates a 2.6% growth in nuclear fuel demand. As the demand for nuclear power increases, Cameco is likely to benefit. Uranium is a non-renewable resource that is mined in many countries. Kazakhstan, Canada and Australia are the major producers of uranium, while the United States is the biggest user of it.

With several exploration and production projects on the cards, higher uranium price will boost cash flow for companies. So far this year, Uranium Energy hasn’t produced uranium but is instead buying yellowcake from the spot market in a bid to sell it later to make some money off rising uranium prices. Now that’s a move based purely on speculation about spot uranium prices, and not the kind of business strategy I’d put my money on. Uranium is a chemical element with symbol U and atomic number 92.

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It was established in 1997 and was formerly known as the Uranium Corporation until it changed its name in 2006. Their most well-known uranium mines are in Blind River and Elliot Lake but they have recently expanded to other areas as well. For investors who want exposure to the uranium market, but crave the diversity of a basket of equities instead of single stocks, exchange-traded funds (ETFs) are generally the way to go. The selection of uranium-focused ETFs isn’t very wide, but luckily for investors the options are growing.

• Prices for uranium fell sharply after the 2011 accident at Japan’s Fukushima nuclear power facility.
• Mention nuclear energy as a viable investment category and chances are, you’ll eventually encounter some hesitation from your audience.
• On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.
• Unfortunately, no other power source features the energy density of nuclear facilities.

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 https://1investing.in/ with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

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No one knows when these stocks will start climbing again, so adding them to your portfolio in the near future can maximize your chance of lucrative returns. Even when the price of uranium drops, this demand should help uranium companies stay afloat. As we work towards climate-friendly energy solutions, many people have touted nuclear power plants as a good way to reduce our carbon emissions.

There’s been a lot of negative press, and that’s likely led to fewer people investing in uranium stocks. The World Nuclear Association, in its first market report since 2021, said Thursday that there are 391 gigawatts of nuclear power capacity globally, meeting a tenth of the world’s power demand. It forecasts that capacity will rise will rise to 686 gigawatts, and perhaps as high as 931 gigawatts, by 2040. Uranium Energy believes that uranium demand will grow at a compound annual growth rate (CAGR) of 3.1% through 2040. As an example, China is planning 150 new nuclear reactors in the next 15 years.

There is a level of experience that comes with more than 120 years of existence that other companies can hardly replicate. The shutdown of a major energy pipeline to deter Russia… limited production capacity by OPEC… and Biden’s determination to rely on alternative energy in 2022 are adding up to one thing. And the pie itself is growing as energy consumption increases globally. Nuclear energy makes up about 70% of total energy production in France. In recent years in the U.S., it’s made up as much as 20% of the total energy produced. It acquired this asset in 2013 and has gone through a wide range of applications and assessments.

Its density is about 70% higher than that of lead, and slightly lower than that of gold or tungsten. The half-life of uranium-238 is about 4.47 billion years and that of uranium-235 is 704 million years, making them useful in dating the age of the Earth. Many contemporary uses of uranium exploit its unique nuclear properties. Uranium-235 is the only naturally occurring fissile isotope, which makes it widely used in nuclear power plants and nuclear weapons. However, because of the tiny amounts found in nature, uranium needs to undergo enrichment so that enough uranium-235 is present.

Assuming UPC tracks the price of uranium closely, UPC will at least double as the price of uranium appreciates from USD 25 to 50. Based on supply and demand relations, this should happen within three years. Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups.

With the promise of a regular paying dividend that increases from time to time, investors have treated the stocks of this company as great options for dividend growth investment. There are currently 12 hedge funds investing in the company with Citadel Investment Group as the largest shareholder among them with $2 million. Recently though, developing nations are looking for power sources that can keep up with the rapid expansion of their industries.

Energy Fuels Inc. (NYSE:UUUU)

As of mid-2022, uranium prices were up 20.05 percent since the start of the year, firmly above the US$50 mark, and many experts are calling for an even brighter future. With interest in several strategic difference between horizontal and vertical line assets, the company has exploration potential over an area of 280,000 hectares. The company believes that it’s positioned to be among the lowest cost producers of uranium in the region.

As well, its free cash flow “growth” during the same period also sits in negative territory. Unfortunately, Denison’s trailing-year profit margins failed to find an exemption from the red ink. Uranium is a naturally occurring element with an average concentration of 2.8 parts per million in the Earth’s crust.

The opinions expressed are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Your involvement doesn’t end once you have the stock in your portfolio. The monitoring process is arguably the most important step, as it gives you insight into whether to hold, sell, or buy more of the stock. Choose the stock that best meets your needs and buy it through your brokerage account. Remember, you can always change your mind later and sell it if necessary – but research thoroughly before making any decisions.

Investors feel bullish about the uranium market following a slip in the spring of this year. The uranium company generates $450 tons of uranium per year and has weathered some recent lows better than other providers. There are a few great options for beginners and experienced traders alike to shop for stocks. Although based out of Spain, operations extend to nearly every corner of the Earth.

Uranium stocks are just waiting to trend upward again, so now is an excellent time to add them to your portfolio. After several months of sustained growth, the uranium sector is finding itself in a bit of a lull. This pure-play company invests in mines that need capital to begin mining or expand an existing setup. Share prices staying quiet despite an increase in revenue from the second quarter of this year.

Uranium Stocks to Buy: Denison Mines (DNN)

Robert Oppenheimer starting in 1934 led to its use as a fuel in the nuclear power industry and in Little Boy, the first nuclear weapon used in war. An ensuing arms race during the Cold War between the United States and the Soviet Union produced tens of thousands of nuclear weapons that used uranium metal and uranium-derived plutonium-239. The security of those weapons and their fissile material following the breakup of the Soviet Union in 1991 is an ongoing concern for public health and safety. Since it’s currently hovering in the low double digits at around $52 at the time of writing, I think CCJ stock has the considerable upside to appreciate rapidly. This is especially true as 30 countries worldwide embrace the energy source and restart or begin to build reactors. The company is heavily invested in uranium exploration, both through its operations and investments in various projects across Australia and Canada.

It is a silvery-grey metal in the actinide series of the periodic table. A uranium atom has 92 protons and 92 electrons, of which 6 are valence electrons. Uranium is weakly radioactive because all isotopes of uranium are unstable, with half-lives varying between 159,200 years and 4.5 billion years. The most common isotopes in natural uranium are uranium-238 (which has 146 neutrons and accounts for over 99%) and uranium-235 (which has 143 neutrons). Uranium has the highest atomic weight of the primordially occurring elements.