FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $8.24 Consensus Target Price from Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have earned an average rating of “Reduce” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.2417.

Several analysts have weighed in on FCEL shares. Zacks Research lowered shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wells Fargo & Company reduced their price target on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 10th. Jefferies Financial Group set a $7.20 price objective on shares of FuelCell Energy and gave the company a “hold” rating in a research report on Tuesday, March 10th. Wall Street Zen lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings cut shares of FuelCell Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday.

Institutional Trading of FuelCell Energy

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new position in FuelCell Energy during the 4th quarter valued at approximately $21,149,000. CenterBook Partners LP bought a new stake in FuelCell Energy in the fourth quarter valued at $9,348,000. Two Sigma Investments LP bought a new stake in FuelCell Energy in the third quarter valued at $5,348,000. Invesco Ltd. boosted its holdings in shares of FuelCell Energy by 75.4% during the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after acquiring an additional 647,151 shares during the period. Finally, Trexquant Investment LP boosted its holdings in shares of FuelCell Energy by 162.3% during the fourth quarter. Trexquant Investment LP now owns 894,800 shares of the energy company’s stock valued at $6,541,000 after acquiring an additional 553,660 shares during the period. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Trading Up 11.6%

NASDAQ:FCEL opened at $13.70 on Monday. The company has a market cap of $725.83 million, a PE ratio of -1.98 and a beta of 2.22. The business’s 50 day moving average is $8.20 and its two-hundred day moving average is $7.97. The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. FuelCell Energy has a 52 week low of $3.78 and a 52 week high of $14.30.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.16. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%.The business had revenue of $30.53 million during the quarter, compared to the consensus estimate of $42.22 million. On average, analysts predict that FuelCell Energy will post -2.18 EPS for the current year.

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.