UBS Group Issues Pessimistic Forecast for FuelCell Energy (NASDAQ:FCEL) Stock Price

FuelCell Energy (NASDAQ:FCEL) had its price objective dropped by stock analysts at UBS Group from $15.00 to $13.75 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the energy company’s stock. UBS Group’s target price points to a potential upside of 29.59% from the stock’s current price.

A number of other equities analysts also recently issued reports on FCEL. Canaccord Genuity Group cut their target price on FuelCell Energy from $45.00 to $37.50 and set a “hold” rating for the company in a research note on Friday, September 6th. Wells Fargo & Company lowered their price target on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a report on Wednesday, November 13th. Finally, StockNews.com assumed coverage on FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.75.

FuelCell Energy Stock Up 0.6 %

FCEL opened at $10.61 on Tuesday. The business has a 50 day moving average price of $9.81 and a two-hundred day moving average price of $15.28. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18. The company has a market cap of $196.39 million, a PE ratio of -1.35 and a beta of 3.64. FuelCell Energy has a 52 week low of $5.45 and a 52 week high of $55.20.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Thursday, September 5th. The energy company reported ($2.10) EPS for the quarter, meeting the consensus estimate of ($2.10). The firm had revenue of $23.70 million during the quarter, compared to the consensus estimate of $23.22 million. FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. During the same period in the prior year, the business earned ($1.80) EPS. As a group, research analysts anticipate that FuelCell Energy will post -7.2 EPS for the current year.

Institutional Investors Weigh In On FuelCell Energy

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in shares of FuelCell Energy by 13.9% during the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company’s stock worth $4,567,000 after purchasing an additional 1,466,442 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of FuelCell Energy by 156.6% during the third quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company’s stock worth $1,789,000 after purchasing an additional 2,873,171 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FuelCell Energy by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock worth $1,512,000 after purchasing an additional 216,539 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of FuelCell Energy by 139.6% during the third quarter. Penserra Capital Management LLC now owns 3,716,131 shares of the energy company’s stock worth $1,412,000 after purchasing an additional 2,165,316 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of FuelCell Energy by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 1,677,126 shares of the energy company’s stock worth $1,071,000 after purchasing an additional 114,267 shares during the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

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.