FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $10.03 Consensus PT from Analysts

FuelCell Energy, Inc. (NASDAQ:FCEL) has been assigned a consensus rating of “Reduce” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.03.

A number of analysts recently commented on FCEL shares. TD Cowen upped their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Jefferies Financial Group decreased their target price on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research note on Friday, December 20th. B. Riley dropped their price target on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Canaccord Genuity Group reiterated a “hold” rating and set a $12.00 price objective on shares of FuelCell Energy in a report on Friday, December 20th. Finally, UBS Group lowered their target price 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.

FuelCell Energy Stock Performance

FCEL stock opened at $4.59 on Friday. FuelCell Energy has a twelve month low of $4.36 and a twelve month high of $37.20. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The company has a market cap of $97.05 million, a P/E ratio of -0.58 and a beta of 3.71. The business’s fifty day moving average is $6.63 and its 200-day moving average is $9.07.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.10. The firm had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same quarter in the prior year, the firm posted ($1.25) earnings per share. Equities research analysts forecast that FuelCell Energy will post -6.11 EPS for the current year.

Institutional Investors Weigh In On FuelCell Energy

Several large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in 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 acquiring an additional 216,539 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of FuelCell Energy by 4.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock valued at $208,000 after purchasing an additional 22,153 shares during the period. Integrated Wealth Concepts LLC lifted its stake in FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after purchasing an additional 5,150 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in FuelCell Energy in the 3rd quarter valued at about $90,000. Finally, Geode Capital Management LLC grew its holdings in 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 period. 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.