FuelCell Energy, Inc. (NASDAQ:FCEL) Given Consensus Recommendation of "Reduce" by Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have received a consensus recommendation of "Reduce" from the six brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.23.

FCEL has been the subject of several recent research reports. StockNews.com initiated coverage on shares of FuelCell Energy in a research report on Tuesday, November 12th. They issued a "sell" rating for the company. Wells Fargo & Company decreased their price target on shares of FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating for the company in a research report on Wednesday, November 13th. UBS Group decreased their price target on shares of FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating for the company in a research report on Tuesday, December 3rd. Jefferies Financial Group decreased their price objective 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. Finally, Canaccord Genuity Group reiterated a "hold" rating and set a $12.00 price objective on shares of FuelCell Energy in a research report on Friday, December 20th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of FuelCell Energy by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after buying an additional 143,786 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of FuelCell Energy by 13.9% in the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock valued at $4,567,000 after buying an additional 1,466,442 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of FuelCell Energy in the third quarter valued at $90,000. Integrated Wealth Concepts LLC lifted its stake in shares of FuelCell Energy by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock valued at $28,000 after buying an additional 5,150 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of FuelCell Energy by 4.2% during the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company's stock valued at $208,000 after purchasing an additional 22,153 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Price Performance

FCEL stock traded down $0.09 during trading on Tuesday, reaching $9.59. 929,555 shares of the company were exchanged, compared to its average volume of 1,252,807. The company has a 50-day moving average of $9.97 and a two-hundred day moving average of $12.26. The company has a market capitalization of $196.12 million, a price-to-earnings ratio of -1.21 and a beta of 3.41. FuelCell Energy has a twelve month low of $5.45 and a twelve month high of $45.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48.

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.