FuelCell Energy (NASDAQ:FCEL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a sell rating to a hold rating in a research note released on Saturday.

A number of other brokerages have also weighed in on FCEL. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a report on Tuesday, June 9th. Weiss Ratings upgraded FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group lifted their price target on FuelCell Energy from $12.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. TD Cowen reaffirmed a “hold” rating and set a $16.00 price objective (up from $9.00) on shares of FuelCell Energy in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company upped their price objective on FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 16th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.83.

FuelCell Energy Stock Performance

Shares of FuelCell Energy stock opened at $21.34 on Friday. FuelCell Energy has a one year low of $3.78 and a one year high of $37.88. The company has a market cap of $1.71 billion, a PE ratio of -3.25 and a beta of 2.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.20 and a current ratio of 8.59. The business has a 50-day simple moving average of $22.16 and a 200-day simple moving average of $14.09.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $0.52 by ($1.05). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The firm had revenue of $35.59 million during the quarter, compared to analyst estimates of $40.47 million. During the same period last year, the business earned ($1.79) EPS. On average, equities research analysts forecast that FuelCell Energy will post -1.73 EPS for the current fiscal year.

Insider Activity at FuelCell Energy

In other news, EVP Shankar Achanta sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the sale, the executive vice president directly owned 2,618 shares of the company’s stock, valued at $75,162.78. This trade represents a 48.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in FuelCell Energy during the 4th quarter valued at $29,000. Bank of America Corp DE raised its holdings in shares of 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 worth $103,000 after acquiring an additional 4,435 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of FuelCell Energy by 21.1% in the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after acquiring an additional 5,585 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of FuelCell Energy by 1,316.0% in 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 acquiring an additional 7,080 shares in the last quarter. Finally, Entropy Technologies LP lifted its position in shares of FuelCell Energy by 28.6% in the first quarter. Entropy Technologies LP now owns 37,519 shares of the energy company’s stock valued at $245,000 after acquiring an additional 8,336 shares in the last quarter. 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.