FuelCell Energy (NASDAQ:FCEL) Given New $12.00 Price Target at TD Cowen

FuelCell Energy (NASDAQ:FCEL) had its price objective lifted by analysts at TD Cowen from $2.00 to $12.00 in a note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage presently has a “hold” rating on the energy company’s stock. TD Cowen’s target price points to a potential upside of 28.62% from the company’s current price.

A number of other research firms have also recently issued reports on FCEL. Canaccord Genuity Group cut their price objective on FuelCell Energy from $45.00 to $37.50 and set a “hold” rating for the company in a report on Friday, September 6th. 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 research report on Tuesday, December 3rd. Wells Fargo & Company reduced their price target 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, StockNews.com began coverage on shares of FuelCell Energy in a research note on Tuesday, November 12th. They set a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $17.06.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $9.33 on Friday. The stock has a market cap of $172.74 million, a price-to-earnings ratio of -1.19 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 has a 50-day simple moving average of $9.78 and a 200 day simple moving average of $14.18. FuelCell Energy has a 52 week low of $5.45 and a 52 week high of $55.20.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 position in FuelCell Energy during the 2nd quarter valued at about $29,000. AQR Capital Management LLC boosted its stake in FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after acquiring an additional 26,223 shares in the last quarter. Bogart Wealth LLC grew its holdings in FuelCell Energy by 21,285.7% in the third quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after purchasing an additional 111,750 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake 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 in the last quarter. Hedge funds and other 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.