FuelCell Energy’s (FCEL) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of FuelCell Energy (NASDAQ:FCEL) in a research note released on Thursday morning,Benzinga reports. Canaccord Genuity Group currently has a $30.00 price objective on the energy company’s stock.

Several other research firms also recently weighed in on FCEL. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research report on Tuesday, June 9th. Wall Street Zen cut FuelCell Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of FuelCell Energy in a research note on Thursday. UBS Group upgraded shares of FuelCell Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $22.00 to $27.00 in a report on Tuesday, July 14th. Finally, Wells Fargo & Company raised their target price on shares of FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 16th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.83.

FuelCell Energy Trading Up 1.9%

NASDAQ:FCEL opened at $14.95 on Thursday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -4.36 and a beta of 2.35. FuelCell Energy has a 1 year low of $3.81 and a 1 year high of $37.88. The stock has a fifty day moving average price of $21.39 and a two-hundred day moving average price of $15.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 7.20 and a current ratio of 8.67.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Wednesday, September 2nd. The energy company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.23). The company had revenue of $33.00 million during the quarter, compared to analysts’ expectations of $38.79 million. FuelCell Energy had a negative net margin of 113.60% and a negative return on equity of 16.85%. As a group, sell-side analysts anticipate that FuelCell Energy will post -1.73 earnings per share for the current fiscal year.

Insider Buying and Selling at FuelCell Energy

In other news, EVP Shankar Achanta sold 2,500 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the sale, the executive vice president owned 2,618 shares in the company, valued at approximately $75,162.78. This trade represents a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.46% of the stock is owned by insiders.

Hedge Funds Weigh In On FuelCell Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new stake in shares of FuelCell Energy during the second quarter worth approximately $90,000. Kestra Advisory Services LLC bought a new position in shares of FuelCell Energy during the fourth quarter valued at approximately $29,000. Bank of America Corp DE raised its position in shares of FuelCell Energy by 31.9% during the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock worth $103,000 after purchasing an additional 4,435 shares during the period. Rhumbline Advisers lifted its holdings in shares of FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after purchasing an additional 5,585 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of FuelCell Energy by 1,316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after purchasing an additional 7,080 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

Key FuelCell Energy News

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: Management is targeting data-center power-conversion projects, a 100-megawatt production rate by October 2026, and positive adjusted EBITDA in fiscal fourth-quarter 2027. The company also highlighted new data-center agreements and a cash balance of approximately $737.3 million, supporting its ability to fund expansion. FuelCell Energy Q3 Earnings Call Focuses on Data Center Conversion
• Positive Sentiment: Canaccord Genuity reaffirmed its “buy” rating and maintained a $30 price target, implying substantial upside from recent trading levels. Fuel-cell stocks also benefited from broader risk appetite toward high-beta clean-energy companies.
• Neutral Sentiment: FuelCell Energy reported fiscal third-quarter revenue of $33 million and a net loss of approximately $44.5 million. The results were weak, but investors are weighing the near-term earnings shortfall against the company’s longer-term data-center growth strategy and strong liquidity. Why FuelCell Energy Is Getting Attention After Its Latest Update
• Negative Sentiment: Quarterly earnings missed expectations: adjusted loss was $0.64 per share versus a $0.41 consensus loss, while revenue fell below the roughly $38.8 million estimate. The disappointing release triggered sharp selling and renewed concerns about execution, profitability, and the company’s ability to convert its backlog into revenue.
• Negative Sentiment: Several law firms, including Glancy Prongay Wolke & Rotter, Kaplan Fox, Frank R. Cruz, Kirby McInerney, and Johnson Fistel, announced investigations into possible securities-law violations. The inquiries reportedly relate to a recent stock offering and disclosures concerning significant costs and losses tied to a commercial agreement. The allegations have not been proven, but the legal overhang could pressure the stock and increase reputational and financial risk. Securities Fraud Investigation Announced

About FuelCell Energy

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.