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

FuelCell Energy, Inc. (NASDAQ:FCEL) has received a consensus recommendation of “Reduce” from the seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.0625.

A number of equities research analysts recently commented on FCEL shares. Canaccord Genuity Group reissued a “hold” rating and issued a $12.00 price target on shares of FuelCell Energy in a research report on Friday, December 19th. TD Cowen upped their target price on shares of FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Zacks Research lowered shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd.

FuelCell Energy Price Performance

Shares of NASDAQ FCEL opened at $8.93 on Wednesday. The stock has a market cap of $472.82 million, a price-to-earnings ratio of -1.14 and a beta of 1.32. 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 has a fifty-two week low of $3.58 and a fifty-two week high of $11.99. The firm’s 50-day simple moving average is $8.07 and its 200 day simple moving average is $7.44.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, December 18th. The energy company reported ($0.83) EPS for the quarter, topping the consensus estimate 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 firm had revenue of $55.02 million during the quarter, compared to the consensus estimate of $47.23 million. During the same period in the prior year, the business posted ($1.99) earnings per share. As a group, research analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

Insider Activity at FuelCell Energy

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

Institutional Investors Weigh In On FuelCell Energy

Large investors have recently made changes to their positions in the business. Virtu Financial LLC boosted its holdings in shares of FuelCell Energy by 75.7% in the 4th quarter. Virtu Financial LLC now owns 85,655 shares of the energy company’s stock worth $626,000 after buying an additional 36,910 shares during the last quarter. Invesco Ltd. increased its holdings in FuelCell Energy by 75.4% during the fourth quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock worth $11,005,000 after buying an additional 647,151 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in FuelCell Energy in the fourth quarter worth about $329,000. Oxford Asset Management LLP purchased a new position in FuelCell Energy in the fourth quarter valued at about $139,000. Finally, Millennium Management LLC grew its position in shares of FuelCell Energy by 140.6% during the 4th quarter. Millennium Management LLC now owns 319,764 shares of the energy company’s stock valued at $2,337,000 after acquiring an additional 186,878 shares during the period. 42.78% of the stock is owned by hedge funds and other institutional investors.

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.