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

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have received an average rating of "Reduce" from the six brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.03.

A number of research firms have commented on FCEL. TD Cowen lifted their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a "hold" rating in a research note on Friday, December 20th. B. Riley reduced their price objective on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Jefferies Financial Group decreased their price objective on 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 reissued a "hold" rating and issued a $12.00 target price on shares of FuelCell Energy in a report on Friday, December 20th.

FuelCell Energy Stock Performance

NASDAQ:FCEL traded down $0.36 during mid-day trading on Friday, reaching $4.46. 895,452 shares of the stock were exchanged, compared to its average volume of 1,329,649. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy has a 1 year low of $4.15 and a 1 year high of $37.20. The company has a 50 day simple moving average of $6.39 and a 200-day simple moving average of $8.86. The stock has a market capitalization of $94.30 million, a P/E ratio of -0.56 and a beta of 3.95.

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FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, beating analysts' consensus estimates of ($1.52) by $0.10. The business had revenue of $19.00 million for the quarter, compared to analysts' expectations of $35.37 million. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. During the same period in the previous year, the company posted ($1.25) EPS. Analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

Institutional Trading of FuelCell Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Connective Capital Management LLC purchased a new stake in shares of FuelCell Energy during the fourth quarter worth about $202,000. Susquehanna Fundamental Investments LLC purchased a new stake in FuelCell Energy in the 4th quarter worth approximately $444,000. Marshall Wace LLP acquired a new position in FuelCell Energy in the 4th quarter valued at $860,000. Canada Pension Plan Investment Board purchased a new position in shares of FuelCell Energy during the 4th quarter worth $30,000. Finally, Federated Hermes Inc. acquired a new stake in shares of FuelCell Energy during the fourth quarter worth $1,357,000. Hedge funds and other institutional investors own 42.78% of the company's stock.

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.