FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Consensus Rating of “Reduce” from Brokerages

FuelCell Energy, Inc. (NASDAQ:FCEL) has received a consensus rating of “Reduce” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.03.

FCEL has been the topic of a number of analyst reports. Jefferies Financial Group decreased their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday, December 20th. Canaccord Genuity Group reiterated a “hold” rating and issued a $12.00 price objective on shares of FuelCell Energy in a report on Friday, December 20th. B. Riley dropped their target price on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. TD Cowen lifted their price target on FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Finally, UBS Group dropped their price objective on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd.

Institutional Investors Weigh In On FuelCell Energy

Large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC raised its holdings in shares of FuelCell Energy by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after acquiring an additional 5,150 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in FuelCell Energy in the 4th quarter worth $30,000. Point72 DIFC Ltd purchased a new stake in shares of FuelCell Energy in the 3rd quarter worth about $90,000. Squarepoint Ops LLC bought a new stake in shares of FuelCell Energy during the 4th quarter valued at about $99,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of FuelCell Energy during the fourth quarter valued at about $112,000. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Price Performance

Shares of FuelCell Energy stock opened at $4.70 on Friday. The firm has a market capitalization of $99.38 million, a PE ratio of -0.59 and a beta of 3.71. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. FuelCell Energy has a 12 month low of $4.65 and a 12 month high of $37.20. The business’s 50-day moving average price is $6.82 and its 200-day moving average price is $9.23.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.10. The business had revenue of $19.00 million for the quarter, compared to analysts’ expectations of $35.37 million. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. During the same period last year, the business earned ($1.25) earnings per share. Sell-side analysts forecast that FuelCell Energy will post -6.11 EPS for the current fiscal year.

About FuelCell Energy

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.