Home / Market Movers / FuelCell Energy Inc. (FCEL) Drags on Utilities Sector with Loss of 3.23% in Early Trading on April 21

FuelCell Energy Inc. (FCEL) Drags on Utilities Sector with Loss of 3.23% in Early Trading on April 21

FuelCell Energy Inc. (FCEL) started the trading day on a down note, making it one of the worst performing stocks in the utilities sector of NYSE and NASDAQ listed companies shortly after the opening bell on April 21. Shares of FCEL have fallen 3.23% about 30 minutes into the session to $1.5 after closing the day prior at $1.55. It’s early, but the stock has traded as high as $1.55 and as low as $1.5 so far. Today’s quick decline has come with about 54,591 shares changing hands, compared to an average 30-day volume of 931,021 for FuelCell Energy Inc.. The price is currently below the 30-day volume weighted average price of $1.51 for FCEL.

The share depreciation gives the company a market capitalization of $65.84 million based upon 42.48 million shares outstanding. It also means that FCEL has a price-to-book ratio of 0.62:1.

In the past 52 weeks, shares of FCEL have traded as low as $1.25 and as high as $8.88. Technical traders will take note that at $1.5, shares of FCEL are trading below their 200-day MA at $3.27 and below their 50-day MA at $1.51. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is FCEL?

FuelCell Energy Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services ultra-clean, efficient stationary fuel cell power plants for distributed power generation. The company’s 599 employees are led by CEO Arthur Bottone from the corporate headquarters at 3 Great Pasture Road in Danbury, CT.

For more information on FCEL and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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