FuelCell Energy (NASDAQ:FCEL) Coverage Initiated by Analysts at StockNews.com

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

FCEL has been the topic of several other research reports. UBS Group cut their price target on FuelCell Energy from $40.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Canaccord Genuity Group cut their target price on FuelCell Energy from $45.00 to $37.50 and set a “hold” rating on the stock in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, FuelCell Energy presently has an average rating of “Hold” and an average target price of $19.17.

FuelCell Energy Stock Performance

Shares of FCEL opened at $6.16 on Tuesday. The stock has a market capitalization of $114.05 million, a PE ratio of -0.79 and a beta of 3.91. The business’s fifty day moving average price is $10.72 and its 200 day moving average price is $16.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97. FuelCell Energy has a 12-month low of $5.45 and a 12-month high of $55.20.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly 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 net margin of 135.76% and a negative return on equity of 17.02%. The business had revenue of $23.70 million during the quarter, compared to analyst estimates of $23.22 million. During the same period in the previous year, the business posted ($1.80) EPS. Equities research analysts forecast that FuelCell Energy will post -7.21 EPS for the current year.

Institutional Trading of FuelCell Energy

Large investors have recently added to or reduced their stakes in the business. SageView Advisory Group LLC acquired a new position in shares of FuelCell Energy during the first quarter valued at $41,000. Algert Global LLC bought a new position in FuelCell Energy in the 2nd quarter valued at about $29,000. AQR Capital Management LLC increased its stake in FuelCell Energy by 106.0% during the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after buying an additional 26,223 shares during the period. Integrated Wealth Concepts LLC raised its position 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 worth $28,000 after buying an additional 5,150 shares in the last quarter. Finally, Fermata Advisors LLC lifted its stake in shares of FuelCell Energy by 54.5% in the 2nd quarter. Fermata Advisors LLC now owns 82,500 shares of the energy company’s stock worth $53,000 after acquiring an additional 29,113 shares during the period. 42.78% of the stock is currently owned by institutional investors and hedge funds.

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.