FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $9.06 Average Target Price from Analysts

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have earned a consensus rating of “Reduce” from the seven ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.0625.

FCEL has been the subject of a number of analyst reports. Wall Street Zen lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday. Canaccord Genuity Group restated a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, December 29th. Zacks Research lowered shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, TD Cowen boosted their target price on shares of FuelCell Energy from $7.00 to $9.00 and gave the company a “hold” rating in a research note on Friday, December 19th.

Insiders Place Their Bets

In related news, Director Betsy B. Bingham sold 8,608 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $8.52, for a total value of $73,340.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Institutional Trading of FuelCell Energy

A number of hedge funds have recently made changes to their positions in FCEL. Caitong International Asset Management Co. Ltd lifted its position in FuelCell Energy by 1,316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after buying an additional 7,080 shares in the last quarter. MinichMacGregor Wealth Management LLC purchased a new stake in shares of FuelCell Energy during the second quarter worth $56,000. Independent Advisor Alliance purchased a new stake in shares of FuelCell Energy during the third quarter worth $80,000. PharVision Advisers LLC acquired a new stake in FuelCell Energy during the third quarter valued at $107,000. Finally, Bank of America Corp DE grew its stake in FuelCell Energy by 31.9% in the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock valued at $103,000 after purchasing an additional 4,435 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Price Performance

NASDAQ FCEL opened at $9.09 on Friday. FuelCell Energy has a 1 year low of $3.58 and a 1 year high of $11.99. The business’s fifty day moving average is $7.89 and its two-hundred day moving average is $7.05. The stock has a market capitalization of $433.96 million, a P/E ratio of -1.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, December 18th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.97) by $0.14. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.The business had revenue of $55.02 million for the quarter, compared to analysts’ expectations of $47.23 million. During the same period in the previous year, the firm posted ($1.99) EPS. On average, research analysts forecast that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.