FuelCell Energy’s (FCEL) Hold Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of FuelCell Energy (NASDAQ:FCEL) in a research report report published on Friday,Benzinga reports. They currently have a $12.00 price target on the energy company’s stock.

A number of other equities analysts have also recently commented on the stock. TD Cowen lifted their target price on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday. StockNews.com initiated coverage on FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating on the stock. UBS Group dropped their target price on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company decreased their price target on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, FuelCell Energy presently has an average rating of “Hold” and a consensus target price of $10.23.

FuelCell Energy Trading Up 11.7 %

FCEL stock opened at $10.42 on Friday. The company has a market capitalization of $192.93 million, a PE ratio of -1.33 and a beta of 3.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.97 and a current ratio of 6.91. FuelCell Energy has a one year low of $5.45 and a one year high of $55.20. The company’s 50 day moving average price is $9.79 and its two-hundred day moving average price is $13.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FCEL. Integrated Wealth Concepts LLC grew its position in shares of FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock worth $28,000 after buying an additional 5,150 shares during the last quarter. Algert Global LLC purchased a new stake in FuelCell Energy in the second quarter worth $29,000. AQR Capital Management LLC boosted its holdings in FuelCell Energy by 106.0% in the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after acquiring an additional 26,223 shares in the last quarter. Bogart Wealth LLC increased its position in FuelCell Energy by 21,285.7% during the 3rd 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 period. Finally, Banque Cantonale Vaudoise raised its holdings in FuelCell Energy by 42.0% in the 3rd 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. Institutional investors own 42.78% of the company’s stock.

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.