Why FuelCell Energy Inc. (FCEL) Is Down Today

NEW YORK (TheStreet) -- FuelCell Energy  (FCEL) fell 5% to $1.75 a share in morning trading on Wednesday on the heels of the company's filing operations results with the Securities and Exchange Commission for the fiscal year that ended on Oct. 21, 2013. As of 11:27 a.m. on Wednesday, the stock traded at a volume of 12.54 million compared to its average volume of 4.2 million shares.

The Danbury, Ct.-based company revealed its total revenue for the fiscal year ended that on Oct. 31 2013 increased by 56%, or $67.1 million to $187.7 million from $120.6 million during the same period in the last fiscal year. The total cost of revenue for the fiscal year that ended Oct. 31, 2013 increased by 56%, or $60.4 million, to $180.5 million from $120.2 million during the same period in the last fiscal year.

The fuel cell sector rose Tuesday as FuelCell and its competitors, Plug Power Inc. (PLUG) and Ballard Power Systems Inc. (BLDP), also rose. Plug Power and Ballard continued to rise in morning trading Wednesday while FuelCell dipped.

TheStreet Ratings team rates Fuel Cell Energy as a "sell" with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:

"We rate FUELCELL ENERGY INC (FCEL) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and generally high debt management risk."

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