FuelCell Energy (NASDAQ:FCEL) Price Target Lowered to $9.00 at B. Riley

FuelCell Energy (NASDAQ:FCEL - Get Free Report) had its price target reduced by research analysts at B. Riley from $12.00 to $9.00 in a report released on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the energy company's stock. B. Riley's price target points to a potential upside of 38.67% from the company's current price. B. Riley also issued estimates for FuelCell Energy's FY2026 earnings at ($5.57) EPS.

FCEL has been the topic of several other research reports. Wells Fargo & Company cut their price target on shares of FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating on the stock in a report on Wednesday, November 13th. Canaccord Genuity Group reiterated a "hold" rating and issued a $12.00 price objective on shares of FuelCell Energy in a research note on Friday, December 20th. Jefferies Financial Group decreased their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a "hold" rating for the company in a research report on Friday, December 20th. TD Cowen upped their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a "hold" rating in a report on Friday, December 20th. Finally, UBS Group reduced their price objective on FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating for the company in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $10.03.

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FuelCell Energy Stock Down 5.3 %

FCEL stock traded down $0.36 on Wednesday, hitting $6.49. 670,762 shares of the company's stock were exchanged, compared to its average volume of 1,300,541. The firm has a 50 day moving average price of $8.15 and a two-hundred day moving average price of $9.83. FuelCell Energy has a 12-month low of $5.12 and a 12-month high of $37.20. The stock has a market cap of $137.22 million, a P/E ratio of -0.82 and a beta of 3.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, topping analysts' consensus estimates of ($1.52) by $0.10. The company had revenue of $19.00 million during the quarter, compared to analysts' expectations of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same quarter in the previous year, the firm posted ($1.25) EPS. As a group, equities research analysts expect that FuelCell Energy will post -6.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC raised its position in FuelCell Energy by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock worth $28,000 after acquiring an additional 5,150 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of FuelCell Energy during the fourth quarter worth about $30,000. Banque Cantonale Vaudoise raised its position in shares of FuelCell Energy by 42.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company's stock worth $46,000 after purchasing an additional 36,120 shares during the last quarter. Point72 DIFC Ltd purchased a new position in FuelCell Energy in the 3rd quarter valued at about $90,000. Finally, Squarepoint Ops LLC acquired a new stake in FuelCell Energy in the 4th quarter worth about $99,000. Hedge funds and other institutional investors 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.