FuelCell Energy, Inc. (NASDAQ:FCEL) Given Consensus Recommendation of "Reduce" by Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have received a consensus rating of "Reduce" from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.23.

FCEL has been the subject of several research analyst reports. 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 report on Friday, December 20th. Wells Fargo & Company lowered 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. StockNews.com began coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They issued a "sell" rating for the company. TD Cowen boosted their price target on FuelCell Energy from $2.00 to $12.00 and gave the company a "hold" rating in a research report on Friday, December 20th. Finally, UBS Group reduced their price objective on FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating for the company in a research note on Tuesday, December 3rd.

FuelCell Energy Stock Performance

Shares of FuelCell Energy stock traded down $0.41 on Tuesday, hitting $9.67. The stock had a trading volume of 774,463 shares, compared to its average volume of 1,383,538. The company's 50 day moving average price is $9.99 and its 200 day moving average price is $12.36. The stock has a market cap of $197.75 million, a price-to-earnings ratio of -1.24 and a beta of 3.41. The company has a current ratio of 6.91, a quick ratio of 4.97 and a debt-to-equity ratio of 0.18. FuelCell Energy has a 52-week low of $5.45 and a 52-week high of $45.60.

Hedge Funds Weigh In On FuelCell Energy

Hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its holdings in FuelCell Energy by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock valued at $28,000 after purchasing an additional 5,150 shares during the last quarter. Algert Global LLC purchased a new position in FuelCell Energy during the 2nd quarter valued at about $29,000. AQR Capital Management LLC increased its holdings in FuelCell Energy by 106.0% during the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company's stock valued at $33,000 after acquiring an additional 26,223 shares in the last quarter. Bogart Wealth LLC raised its position in FuelCell Energy by 21,285.7% during the third quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company's stock worth $43,000 after acquiring an additional 111,750 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted 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 valued at $46,000 after purchasing an additional 36,120 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

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.