FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $18.75 Average Price Target from Analysts

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has earned an average recommendation of "Reduce" from the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $10.23.

A number of research firms recently issued reports on FCEL. TD Cowen upped their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a research report on Friday. Wells Fargo & Company lowered their price target on shares of FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating for the company in a report on Wednesday, November 13th. Jefferies Financial Group cut their price objective on FuelCell Energy from $15.00 to $8.40 and set a "hold" rating on the stock in a report on Friday. UBS Group reduced their price objective on FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating on the stock in a research report on Tuesday, December 3rd. Finally, StockNews.com started coverage on FuelCell Energy in a research report on Tuesday, November 12th. They issued a "sell" rating for the company.

Institutional Investors Weigh In On FuelCell Energy

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its stake in shares of FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock valued at $28,000 after purchasing an additional 5,150 shares during the last quarter. Algert Global LLC bought a new stake in FuelCell Energy during the second quarter valued at $29,000. AQR Capital Management LLC grew its holdings 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 worth $33,000 after acquiring an additional 26,223 shares during the period. Bogart Wealth LLC raised its position in shares of FuelCell Energy by 21,285.7% in the 3rd quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company's stock worth $43,000 after acquiring an additional 111,750 shares in the last quarter. Finally, Banque Cantonale Vaudoise lifted its stake in shares of FuelCell Energy by 42.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company's stock valued at $46,000 after purchasing an additional 36,120 shares during the period. Institutional investors own 42.78% of the company's stock.

FuelCell Energy Price Performance

NASDAQ FCEL traded up $1.09 during trading on Friday, hitting $10.42. 2,378,270 shares of the company's stock were exchanged, compared to its average volume of 1,195,453. The company has a market cap of $192.93 million, a PE ratio of -1.33 and a beta of 3.64. The company has a current ratio of 6.91, a quick ratio of 4.97 and a debt-to-equity ratio of 0.18. FuelCell Energy has a fifty-two week low of $5.45 and a fifty-two week high of $55.20. The stock's 50 day moving average price is $9.78 and its two-hundred day moving average price is $14.18.

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.