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

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have earned a consensus recommendation of "Reduce" from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $10.23.

FCEL has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of FuelCell Energy in a research report on Tuesday, November 12th. They issued a "sell" rating on the stock. UBS Group decreased their price objective on shares of FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating on the stock in a research report on Tuesday, December 3rd. Jefferies Financial Group reduced their price target 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. Canaccord Genuity Group reiterated a "hold" rating and set a $12.00 price target on shares of FuelCell Energy in a research report on Friday, December 20th. Finally, TD Cowen increased their price target 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.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings 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 worth $28,000 after purchasing an additional 5,150 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of FuelCell Energy in the fourth quarter worth approximately $30,000. Banque Cantonale Vaudoise grew its holdings in shares of FuelCell Energy by 42.0% in the third quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company's stock worth $46,000 after purchasing an additional 36,120 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of FuelCell Energy in the third quarter worth approximately $90,000. Finally, Squarepoint Ops LLC bought a new position in shares of FuelCell Energy in the fourth quarter worth approximately $99,000. Institutional investors own 42.78% of the company's stock.

FuelCell Energy Price Performance

Shares of FCEL stock traded up $0.43 during trading on Wednesday, hitting $6.59. The company had a trading volume of 777,656 shares, compared to its average volume of 1,293,496. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The stock's 50-day moving average is $8.37 and its two-hundred day moving average is $10.05. The stock has a market capitalization of $139.34 million, a price-to-earnings ratio of -0.83 and a beta of 3.71. FuelCell Energy has a 52 week low of $5.12 and a 52 week high of $37.20.

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.