Brokerages Set FuelCell Energy, Inc. (NASDAQ:FCEL) PT at $10.23

FuelCell Energy, Inc. (NASDAQ:FCEL) has been given an average rating of “Reduce” by the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.23.

Several research analysts have commented on FCEL shares. 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 report on Friday, December 20th. Canaccord Genuity Group restated a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. Jefferies Financial Group reduced their price target on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company lowered their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 13th. Finally, UBS Group reduced their target price on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a report on Tuesday, December 3rd.

Institutional Trading of FuelCell Energy

A number of institutional investors and hedge funds have recently bought and sold shares of FCEL. JPMorgan Chase & Co. lifted its position in FuelCell Energy by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock worth $207,000 after acquiring an additional 143,786 shares in the last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. Point72 DIFC Ltd acquired a new position in shares of FuelCell Energy during the third quarter worth $90,000. Integrated Wealth Concepts LLC boosted its stake in shares of FuelCell Energy by 7.5% in the third 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 period. Finally, Rockefeller Capital Management L.P. grew its holdings in FuelCell Energy by 4.2% during 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 in the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

FuelCell Energy Trading Down 1.1 %

NASDAQ FCEL opened at $9.68 on Tuesday. The firm’s fifty day moving average price is $9.95 and its 200 day moving average price is $12.28. FuelCell Energy has a 12 month low of $5.45 and a 12 month high of $45.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. The company has a market capitalization of $197.96 million, a price-to-earnings ratio of -1.22 and a beta of 3.41.

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.