FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $18.75 Average Price Target from Brokerages

FuelCell Energy, Inc. (NASDAQ:FCELGet Free Report) has been assigned a consensus rating of “Reduce” from the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.23.

A number of equities research analysts have weighed in on FCEL shares. Jefferies Financial Group lowered their price target on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday. TD Cowen boosted their target price on FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday. StockNews.com started coverage on FuelCell Energy in a research note on Tuesday, November 12th. They issued a “sell” rating for the company. Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research note on Friday. Finally, 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 research note on Tuesday, December 3rd.

Read Our Latest Analysis on FuelCell Energy

Institutional Trading of FuelCell Energy

Several large investors have recently bought and sold shares of FCEL. Integrated Wealth Concepts LLC boosted its holdings 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 valued at $28,000 after buying an additional 5,150 shares in the last quarter. Algert Global LLC purchased a new stake in FuelCell Energy in the second quarter worth about $29,000. AQR Capital Management LLC increased its stake in shares of FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after purchasing an additional 26,223 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of FuelCell Energy by 21,285.7% during the third quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock valued at $43,000 after purchasing an additional 111,750 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings 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 valued at $46,000 after purchasing an additional 36,120 shares during the last quarter. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Stock Performance

NASDAQ:FCEL opened at $10.42 on Friday. The stock has a market cap of $192.93 million, a P/E ratio of -1.33 and a beta of 3.64. 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 business’s 50-day moving average price is $9.79 and its two-hundred day moving average price is $13.94. FuelCell Energy has a twelve month low of $5.45 and a twelve month high of $55.20.

FuelCell Energy Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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