FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $9.53 Average Target Price from Analysts

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.53.

Several equities analysts have issued reports on FCEL shares. Weiss Ratings restated a “sell (e+)” rating on shares of FuelCell Energy in a research note on Wednesday, October 8th. Canaccord Genuity Group reissued a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a research report on Monday, September 15th. Zacks Research upgraded FuelCell Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, UBS Group boosted their price objective on FuelCell Energy from $4.50 to $7.25 and gave the company a “neutral” rating in a research note on Wednesday, September 17th.

FuelCell Energy Stock Performance

Shares of FuelCell Energy stock opened at $8.37 on Friday. The company has a quick ratio of 3.85, a current ratio of 5.37 and a debt-to-equity ratio of 0.21. FuelCell Energy has a 52 week low of $3.58 and a 52 week high of $13.98. The firm’s 50 day moving average is $8.03 and its two-hundred day moving average is $6.39. The firm has a market capitalization of $270.27 million, a P/E ratio of -0.91 and a beta of 1.17.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Tuesday, September 9th. The energy company reported ($3.78) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($2.19). The company had revenue of $46.74 million for the quarter, compared to analysts’ expectations of $48.30 million. FuelCell Energy had a negative return on equity of 20.53% and a negative net margin of 130.81%.During the same quarter in the prior year, the firm posted ($1.94) EPS. Research analysts forecast that FuelCell Energy will post -6.11 EPS for the current fiscal year.

Institutional Trading of FuelCell Energy

A number of large investors have recently bought and sold shares of the business. MinichMacGregor Wealth Management LLC acquired a new stake in shares of FuelCell Energy during the second quarter worth about $56,000. Nuveen LLC purchased a new stake in FuelCell Energy during the 1st quarter valued at approximately $218,000. Sherbrooke Park Advisers LLC acquired a new stake in FuelCell Energy during the 3rd quarter worth approximately $229,000. Squarepoint Ops LLC lifted its position in FuelCell Energy by 110.1% during the 3rd quarter. Squarepoint Ops LLC now owns 24,570 shares of the energy company’s stock worth $192,000 after acquiring an additional 268,894 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of FuelCell Energy by 638.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company’s stock valued at $107,000 after purchasing an additional 16,440 shares during the last quarter. 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.