FuelCell Energy (NASDAQ:FCEL) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.66 and traded as high as $13.31. FuelCell Energy shares last traded at $12.72, with a volume of 1,946,125 shares traded.

Wall Street Analyst Weigh In

FCEL has been the topic of several recent analyst reports. Jefferies Financial Group reduced their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a "hold" rating on the stock in a research note on Friday, December 20th. TD Cowen increased their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a research report on Friday, December 20th. Canaccord Genuity Group restated a "hold" rating and set a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. StockNews.com began coverage on FuelCell Energy in a report on Tuesday, November 12th. They issued a "sell" rating on the stock. Finally, Wells Fargo & Company dropped their price objective on FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating for the company in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.23.

FuelCell Energy Price Performance

The firm has a 50-day simple moving average of $9.96 and a two-hundred day simple moving average of $12.61. The company has a market capitalization of $267.28 million, a price-to-earnings ratio of -1.67 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.

Hedge Funds Weigh In On FuelCell Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of FuelCell Energy by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 1,677,126 shares of the energy company's stock worth $1,071,000 after buying an additional 114,267 shares in the last quarter. Rhumbline Advisers grew its stake in FuelCell Energy by 7.3% during the 2nd quarter. Rhumbline Advisers now owns 859,359 shares of the energy company's stock valued at $549,000 after acquiring an additional 58,773 shares in the last quarter. Inspire Investing LLC raised its holdings in FuelCell Energy by 90.3% in the 2nd quarter. Inspire Investing LLC now owns 565,014 shares of the energy company's stock valued at $361,000 after acquiring an additional 268,126 shares during the last quarter. AQR Capital Management LLC lifted its stake in FuelCell Energy by 106.0% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company's stock worth $33,000 after purchasing an additional 26,223 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of FuelCell Energy during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 42.78% of the company's stock.

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.