FuelCell Energy (NASDAQ:FCEL) Now Covered by StockNews.com

StockNews.com began coverage on shares of FuelCell Energy (NASDAQ:FCEL) in a research report released on Tuesday morning. The brokerage issued a sell rating on the energy company’s stock.

Several other equities research analysts have also weighed in on the company. UBS Group cut their target price on FuelCell Energy from $40.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Canaccord Genuity Group cut their price objective on shares of FuelCell Energy from $45.00 to $37.50 and set a “hold” rating on the stock in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.17.

FuelCell Energy Stock Up 4.6 %

NASDAQ FCEL traded up $0.32 on Tuesday, hitting $7.33. 8,161,974 shares of the stock were exchanged, compared to its average volume of 1,096,629. FuelCell Energy has a fifty-two week low of $5.45 and a fifty-two week high of $55.20. The company has a 50-day moving average price of $10.86 and a 200-day moving average price of $16.81. The company has a market cap of $135.71 million, a PE ratio of -1.08 and a beta of 3.91. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, September 5th. The energy company reported ($2.10) EPS for the quarter, meeting the consensus estimate of ($2.10). FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. The firm had revenue of $23.70 million for the quarter, compared to analyst estimates of $23.22 million. During the same quarter in the prior year, the company posted ($1.80) earnings per share. Sell-side analysts anticipate that FuelCell Energy will post -7.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position 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 worth $208,000 after purchasing an additional 22,153 shares during the last quarter. AQR Capital Management LLC boosted its position 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 purchasing an additional 26,223 shares in the last quarter. Fermata Advisors LLC grew its stake in FuelCell Energy by 54.5% in the 2nd quarter. Fermata Advisors LLC now owns 82,500 shares of the energy company’s stock valued at $53,000 after acquiring an additional 29,113 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of FuelCell Energy by 3.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 875,952 shares of the energy company’s stock valued at $1,042,000 after purchasing an additional 30,158 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new position in FuelCell Energy during the first quarter worth $41,000. 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.