Shares of FuelCell Energy, Inc. (NASDAQ:FCEL – Get Free Report) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.8333.
FCEL has been the topic of a number of analyst reports. UBS Group upgraded shares of FuelCell Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $22.00 to $27.00 in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. Wells Fargo & Company increased their target price on FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, June 16th. Jefferies Financial Group upgraded FuelCell Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $16.00 to $24.00 in a research note on Friday, June 26th. Finally, 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.
Get Our Latest Stock Analysis on FCEL
Insider Transactions at FuelCell Energy
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of FuelCell Energy by 31,021.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,516 shares of the energy company’s stock valued at $1,078,000 after buying an additional 147,042 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of FuelCell Energy by 1,173,840.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 234,788 shares of the energy company’s stock valued at $1,716,000 after purchasing an additional 234,768 shares during the period. CenterBook Partners LP purchased a new stake in FuelCell Energy during the fourth quarter worth about $9,348,000. Legal & General Group Plc purchased a new stake in FuelCell Energy during the fourth quarter worth about $21,149,000. Finally, Virtu Financial LLC grew its position in FuelCell Energy by 75.7% during the fourth 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 period. 42.78% of the stock is currently owned by institutional investors and hedge funds.
FuelCell Energy Stock Down 8.8%
Shares of NASDAQ:FCEL opened at $21.26 on Friday. The firm’s 50 day moving average price is $22.28 and its 200 day moving average price is $13.49. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -3.24 and a beta of 2.31. FuelCell Energy has a fifty-two week low of $3.78 and a fifty-two week high of $37.88. The company has a quick ratio of 7.20, a current ratio of 8.59 and a debt-to-equity ratio of 0.18.
FuelCell Energy (NASDAQ:FCEL – Get Free Report) last posted its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) EPS for the quarter, missing the consensus estimate of $0.52 by ($1.05). FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.The firm had revenue of $35.59 million for the quarter, compared to analyst estimates of $40.47 million. During the same quarter last year, the firm earned ($1.79) EPS. As a group, equities research analysts predict that FuelCell Energy will post -1.73 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.
Featured Stories
- Five stocks we like better than FuelCell Energy
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Receive News & Ratings for FuelCell Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FuelCell Energy and related companies with MarketBeat.com's FREE daily email newsletter.
