FuelCell Energy, Inc. (NASDAQ:FCEL – Get Free Report) gapped up before the market opened on Tuesday after B. Riley Financial raised their price target on the stock from $8.00 to $13.00. The stock had previously closed at $15.50, but opened at $18.05. B. Riley Financial currently has a neutral rating on the stock. FuelCell Energy shares last traded at $19.5330, with a volume of 4,643,621 shares traded.
A number of other research analysts have also recently commented on FCEL. KeyCorp reissued a “sector weight” rating on shares of FuelCell Energy in a research report on Tuesday. Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. TD Cowen reissued a “hold” rating and set a $16.00 target price (up from $9.00) on shares of FuelCell Energy in a research report on Tuesday. Jefferies Financial Group set a $7.20 target price on shares of FuelCell Energy and gave the stock a “hold” rating in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company reduced their target price on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $13.24.
View Our Latest Report on FCEL
Key FuelCell Energy News
- Positive Sentiment: Analysts raised their price targets after the Q2 report, citing FuelCell Energy’s improving commercial momentum and AI-related demand, including a large data-center opportunity. Article link
- Positive Sentiment: The company said data centers now account for nearly 90% of its sales pipeline, and investors are reacting to the potential from a reported 4 GW pipeline tied to AI power demand. Article link
- Positive Sentiment: FuelCell Energy outlined plans to expand its Torrington facility toward 500 MW of capacity, supporting future production growth if demand materializes. Article link
- Neutral Sentiment: B. Riley Financial increased its price target on FCEL to $13 from $8, but kept a neutral rating and still sees downside from the current share price. Article link
- Negative Sentiment: Q2 results were weak, with FuelCell Energy missing revenue estimates and reporting a wider-than-expected loss, which initially pressured the stock. Article link
- Negative Sentiment: Management also faced criticism for declining sales and a backlog that fell year over year, reinforcing concerns about execution despite the upbeat pipeline outlook. Article link
Institutional Trading of FuelCell Energy
Several institutional investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. bought a new stake in FuelCell Energy during the first quarter valued at $88,000. Bank of America Corp DE increased its stake in FuelCell Energy by 1,298.3% during the first quarter. Bank of America Corp DE now owns 190,724 shares of the energy company’s stock valued at $1,245,000 after purchasing an additional 177,084 shares during the last quarter. Amundi increased its stake in FuelCell Energy by 118.4% during the first quarter. Amundi now owns 50,947 shares of the energy company’s stock valued at $333,000 after purchasing an additional 27,621 shares during the last quarter. Entropy Technologies LP increased its stake in FuelCell Energy by 28.6% during the first quarter. Entropy Technologies LP now owns 37,519 shares of the energy company’s stock valued at $245,000 after purchasing an additional 8,336 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in FuelCell Energy during the first quarter valued at $758,000. Institutional investors own 42.78% of the company’s stock.
FuelCell Energy Trading Up 9.3%
The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. The firm’s 50 day simple moving average is $14.09 and its two-hundred day simple moving average is $9.99. The stock has a market cap of $897.16 million, a P/E ratio of -2.44 and a beta of 2.42.
FuelCell Energy (NASDAQ:FCEL – Get Free Report) last released its earnings results on Monday, March 9th. The energy company reported ($0.52) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.16. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. The firm had revenue of $30.53 million during the quarter, compared to analyst estimates of $42.22 million. As a group, equities research analysts predict that FuelCell Energy, Inc. will post -2.22 earnings per share for the current fiscal year.
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.
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