FuelCell Energy, Inc. (NASDAQ:FCEL) Given Consensus Recommendation of “Reduce” by Analysts

FuelCell Energy, Inc. (NASDAQ:FCEL) has earned a consensus recommendation of “Reduce” from the six research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $10.03.

Several brokerages recently weighed in on FCEL. UBS Group decreased their price objective on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a report on Tuesday, December 3rd. Canaccord Genuity Group reissued a “hold” rating and issued a $12.00 price target on shares of FuelCell Energy in a research report on Friday, December 20th. Jefferies Financial Group cut their price objective on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a report on Friday, December 20th. TD Cowen boosted their target price on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a report on Friday, December 20th. Finally, B. Riley cut their price target on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th.

FuelCell Energy Stock Down 4.5 %

FCEL opened at $4.70 on Friday. FuelCell Energy has a twelve month low of $4.65 and a twelve month high of $37.20. The company’s 50-day moving average price is $6.82 and its two-hundred day moving average price is $9.23. The stock has a market cap of $99.38 million, a price-to-earnings ratio of -0.59 and a beta of 3.71. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FCEL. Connective Capital Management LLC purchased a new stake in shares of FuelCell Energy in the fourth quarter worth $202,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of FuelCell Energy in the 4th quarter valued at about $444,000. Marshall Wace LLP bought a new stake in shares of FuelCell Energy during the 4th quarter valued at about $860,000. Canada Pension Plan Investment Board purchased a new position in shares of FuelCell Energy during the fourth quarter worth about $30,000. Finally, Federated Hermes Inc. bought a new position in shares of FuelCell Energy in the fourth quarter worth approximately $1,357,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

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.