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

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has been assigned an average rating of "Reduce" from the six brokerages that are currently 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 1-year target price among brokerages that have updated their coverage on the stock in the last year is $10.03.

Separately, B. Riley lowered their target price on shares of FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th.

Institutional Investors Weigh In On FuelCell Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its holdings in FuelCell Energy by 13.9% during the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock valued at $4,567,000 after acquiring an additional 1,466,442 shares during the period. Federated Hermes Inc. purchased a new position in FuelCell Energy during the fourth quarter worth $1,357,000. JPMorgan Chase & Co. grew its stake in shares of FuelCell Energy by 35.8% during the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after buying an additional 143,786 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of FuelCell Energy during the fourth quarter valued at approximately $860,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in FuelCell Energy during the 4th quarter worth about $444,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

FuelCell Energy Stock Down 0.8 %

Shares of NASDAQ:FCEL traded down $0.03 during trading on Thursday, reaching $3.82. 734,991 shares of the stock traded hands, compared to its average volume of 1,319,980. The stock has a market cap of $80.77 million, a P/E ratio of -0.48 and a beta of 3.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. The stock has a 50-day moving average of $5.15 and a two-hundred day moving average of $7.99. FuelCell Energy has a 52-week low of $3.67 and a 52-week high of $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.10. The business 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 last year, the business posted ($1.25) EPS. As a group, sell-side analysts expect that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

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.