FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Average Rating of "Reduce" from Analysts

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has received an average recommendation of "Reduce" from the six research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $10.23.

FCEL has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on shares of FuelCell Energy from $15.00 to $8.40 and set a "hold" rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company dropped their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating on the stock in a research report on Wednesday, November 13th. TD Cowen increased their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Canaccord Genuity Group reissued a "hold" rating and issued a $12.00 price objective on shares of FuelCell Energy in a research report on Friday, December 20th. Finally, UBS Group lowered their target price on shares of FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating for the company in a report on Tuesday, December 3rd.

FuelCell Energy Stock Down 3.0 %

FCEL traded down $0.22 during trading hours on Friday, hitting $7.03. 628,095 shares of the company's stock were exchanged, compared to its average volume of 1,112,153. FuelCell Energy has a 12-month low of $5.45 and a 12-month high of $45.60. The firm has a 50 day moving average of $9.73 and a 200 day moving average of $10.88. The firm has a market cap of $143.76 million, a P/E ratio of -0.89 and a beta of 3.36. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20.

Institutional Trading of FuelCell Energy

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in FuelCell Energy by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock worth $4,567,000 after purchasing an additional 1,466,442 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of FuelCell Energy by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company's stock valued at $1,512,000 after acquiring an additional 216,539 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of FuelCell Energy by 139.6% in the third quarter. Penserra Capital Management LLC now owns 3,716,131 shares of the energy company's stock valued at $1,412,000 after acquiring an additional 2,165,316 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of FuelCell Energy by 4.2% in the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company's stock valued at $208,000 after acquiring an additional 22,153 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 143,786 shares in the last quarter. Institutional investors and hedge funds 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.