FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $10.03 Average PT from Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have been given a consensus recommendation of "Reduce" by the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.03.

Several analysts have recently weighed in on the stock. Jefferies Financial Group lowered 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 note on Friday, December 20th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. B. Riley reduced their price target on shares of FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Finally, 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 report on Friday, December 20th.

Institutional Investors Weigh In On FuelCell Energy

Several large investors have recently made changes to their positions in FCEL. Connective Capital Management LLC bought a new position in FuelCell Energy during the fourth quarter valued at about $202,000. Squarepoint Ops LLC purchased a new stake in shares of FuelCell Energy during the 4th quarter worth approximately $99,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of FuelCell Energy in the 4th quarter worth approximately $444,000. Canada Pension Plan Investment Board purchased a new position in FuelCell Energy in the fourth quarter valued at approximately $30,000. Finally, Marshall Wace LLP bought a new position in FuelCell Energy during the fourth quarter valued at $860,000. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Trading Down 3.7 %

Shares of NASDAQ FCEL traded down $0.17 during midday trading on Friday, reaching $4.45. The stock had a trading volume of 213,120 shares, compared to its average volume of 1,317,790. The company's 50 day moving average price is $6.55 and its 200 day moving average price is $9.04. 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 has a twelve month low of $4.36 and a twelve month high of $37.20. The firm has a market cap of $94.09 million, a price-to-earnings ratio of -0.56 and a beta of 3.71.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.52) by $0.10. The company had revenue of $19.00 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned ($1.25) EPS. As a group, sell-side analysts expect that FuelCell Energy will post -6.11 EPS for the current year.

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.