FuelCell Energy (NASDAQ:FCEL) Stock Price Expected to Rise, TD Cowen Analyst Says

FuelCell Energy (NASDAQ:FCEL) had its target price raised by stock analysts at TD Cowen from $2.00 to $12.00 in a note issued to investors on Friday,Briefing.com Automated Import reports. The firm currently has a “hold” rating on the energy company’s stock. TD Cowen’s price objective indicates a potential upside of 28.62% from the company’s current price.

FCEL has been the subject of a number of other reports. UBS Group cut their price objective on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. StockNews.com started coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating for the company. Canaccord Genuity Group reduced their price objective on FuelCell Energy from $45.00 to $37.50 and set a “hold” rating on the stock in a research note on Friday, September 6th. Finally, Wells Fargo & Company lowered their price objective on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.06.

FuelCell Energy Stock Performance

FCEL opened at $9.33 on Friday. The firm has a market cap of $172.74 million, a P/E ratio of -1.19 and a beta of 3.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97. The company has a 50 day simple moving average of $9.78 and a two-hundred day simple moving average of $14.18. FuelCell Energy has a 1-year low of $5.45 and a 1-year high of $55.20.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Algert Global LLC purchased a new position in FuelCell Energy in the second quarter valued at about $29,000. AQR Capital Management LLC grew its position in shares of FuelCell Energy by 106.0% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after buying an additional 26,223 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of FuelCell Energy by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock worth $28,000 after acquiring an additional 5,150 shares in the last quarter. Bogart Wealth LLC grew its holdings in FuelCell Energy by 21,285.7% in the third quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after purchasing an additional 111,750 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of FuelCell Energy by 42.0% during the third quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock worth $46,000 after purchasing an additional 36,120 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.