FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Average Recommendation of “Reduce” from Brokerages

FuelCell Energy, Inc. (NASDAQ:FCEL) has been assigned an average recommendation of “Reduce” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $8.2417.

Several analysts recently weighed in on FCEL shares. TD Cowen lifted their price target on shares of FuelCell Energy from $7.00 to $9.00 and gave the company a “hold” rating in a report on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, December 29th. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the company a “hold” rating in a research note on Tuesday. Wall Street Zen cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Finally, Wells Fargo & Company decreased their price target on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Tuesday, March 10th.

FuelCell Energy Price Performance

Shares of FCEL stock opened at $6.63 on Friday. The firm has a market cap of $351.26 million, a P/E ratio of -0.96 and a beta of 1.33. FuelCell Energy has a fifty-two week low of $3.58 and a fifty-two week high of $11.99. The business’s 50 day moving average price is $7.94 and its 200-day moving average price is $7.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 5.36 and a current ratio of 7.96.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.16. The firm had revenue of $30.53 million for the quarter, compared to analysts’ expectations of $42.22 million. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%. On average, equities research analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current year.

Insiders Place Their Bets

In other FuelCell Energy news, Director Betsy B. Bingham sold 8,608 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total transaction of $73,340.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.46% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FCEL. GSA Capital Partners LLP bought a new stake in shares of FuelCell Energy during the third quarter valued at approximately $944,000. Independent Advisor Alliance bought a new position in FuelCell Energy in the third quarter worth $80,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in FuelCell Energy in the fourth quarter worth $78,000. Caitong International Asset Management Co. Ltd lifted its position in FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock valued at $59,000 after buying an additional 7,080 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in FuelCell Energy during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

About FuelCell Energy

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.