FuelCell Energy (NASDAQ:FCEL) Rating Lowered to Sell at Wall Street Zen

FuelCell Energy (NASDAQ:FCEL) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut 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 report on Monday, December 29th. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a report on Friday, December 19th. 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. Finally, TD Cowen raised their price target on FuelCell Energy from $7.00 to $9.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, FuelCell Energy has an average rating of “Reduce” and a consensus target price of $9.06.

FuelCell Energy Stock Up 2.1%

NASDAQ:FCEL traded up $0.21 during trading hours on Friday, reaching $10.13. The company’s stock had a trading volume of 3,498,594 shares, compared to its average volume of 2,124,809. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.63 and a quick ratio of 5.36. The company has a market cap of $483.61 million, a price-to-earnings ratio of -1.29 and a beta of 1.13. FuelCell Energy has a one year low of $3.58 and a one year high of $11.99. The business’s 50-day moving average is $7.84 and its 200-day moving average is $7.00.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, December 18th. The energy company reported ($0.83) earnings per share for the quarter, beating the consensus estimate of ($0.97) by $0.14. The company had revenue of $55.02 million for the quarter, compared to analyst estimates of $47.23 million. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.During the same period last year, the company earned ($1.99) earnings per share. Equities research analysts predict that FuelCell Energy will post -6.11 EPS for the current year.

Insider Buying and Selling at FuelCell Energy

In related news, Director Betsy B. Bingham sold 8,608 shares of FuelCell Energy stock in a transaction dated 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 through the SEC website. Insiders own 0.35% of the company’s stock.

Institutional Trading of FuelCell Energy

Several institutional investors have recently modified their holdings of FCEL. Rhumbline Advisers lifted its holdings in shares of FuelCell Energy by 21.1% during the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock valued at $147,000 after acquiring an additional 5,585 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in shares of FuelCell Energy in the 2nd quarter worth about $56,000. Marshall Wace LLP acquired a new stake in shares of FuelCell Energy during the 2nd quarter worth about $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in FuelCell Energy by 6.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock valued at $1,877,000 after purchasing an additional 19,857 shares during the last quarter. Finally, Bank of America Corp DE boosted its position 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 buying an additional 4,435 shares in the last quarter. Institutional investors and hedge funds own 42.78% of the company’s stock.

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.