Oppenheimer began coverage on shares of FuelCell Energy (NASDAQ:FCEL – Free Report) in a research report released on Tuesday morning, Marketbeat reports. The firm issued an outperform rating and a $24.00 target price on the energy company’s stock.
A number of other research analysts have also issued reports on the stock. Citigroup initiated coverage on shares of FuelCell Energy in a report on Tuesday, September 15th. They issued a “neutral” rating and a $19.00 target price on the stock. TD Cowen reissued a “hold” rating and set a $16.00 price objective (up from $9.00) on shares of FuelCell Energy in a research note on Tuesday, June 9th. Barclays initiated coverage on shares of FuelCell Energy in a research report on Thursday, September 24th. They set an “equal weight” rating and a $20.00 target price on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $30.00 price target on shares of FuelCell Energy in a report on Thursday, September 3rd. Finally, UBS Group upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $22.00 to $27.00 in a report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, FuelCell Energy currently has an average rating of “Hold” and a consensus price target of $21.80.
View Our Latest Stock Analysis on FCEL
FuelCell Energy Price Performance
FuelCell Energy (NASDAQ:FCEL – Get Free Report) last released its quarterly earnings results on Wednesday, September 2nd. The energy company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.23). The company had revenue of $33.00 million during the quarter, compared to analyst estimates of $38.79 million. FuelCell Energy had a negative return on equity of 16.85% and a negative net margin of 113.60%. On average, analysts forecast that FuelCell Energy will post -2.09 EPS for the current fiscal year.
Insider Buying and Selling
In other news, EVP Shankar Achanta sold 2,500 shares of FuelCell Energy stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $28.71, for a total transaction of $71,775.00. Following the sale, the executive vice president owned 2,618 shares in the company, valued at $75,162.78. This trade represents a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Homer Livingston, III bought 16,404 shares of FuelCell Energy stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of $15.05 per share, for a total transaction of $246,880.20. Following the completion of the transaction, the director owned 42,747 shares of the company’s stock, valued at approximately $643,342.35. This represents a 62.27% increase in their position. The SEC filing for this purchase provides additional information. 5.46% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On FuelCell Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCEL. State Street Corp boosted its position in FuelCell Energy by 818.0% in the 2nd quarter. State Street Corp now owns 2,143,908 shares of the energy company’s stock valued at $77,202,000 after buying an additional 1,910,356 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of FuelCell Energy during the second quarter worth about $510,000. Tidal Investments LLC increased its position in shares of FuelCell Energy by 61.1% during the second quarter. Tidal Investments LLC now owns 244,049 shares of the energy company’s stock worth $8,788,000 after acquiring an additional 92,572 shares during the last quarter. IPG Investment Advisors LLC acquired a new position in shares of FuelCell Energy in the second quarter worth about $273,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of FuelCell Energy in the second quarter worth about $120,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.
FuelCell Energy News Summary
Here are the key news stories impacting FuelCell Energy this week:
- Positive Sentiment: Oppenheimer initiated coverage with an Outperform rating and a $24 price target, supporting the view that FuelCell’s fuel-cell technology could benefit from rising electricity demand from data centers. However, the analyst said the company needs more signed data-center orders and greater factory output to improve its economics. Oppenheimer backs FuelCell’s AI power bet, but orders are the test
- Neutral Sentiment: Analysts’ average recommendation remains Hold, indicating that the bullish AI and data-center thesis has not yet produced broad analyst conviction. FuelCell Energy receives average Hold recommendation
- Negative Sentiment: Several law firms publicized the same securities class action against FuelCell and certain officers. The lawsuit alleges that the company did not adequately disclose manufacturing shortfalls and the risk that it could fail to meet contractual targets under its Fit Energy agreement, which involved up to 380 megawatts of fuel-cell power and could result in charges. Investors have until November 10, 2026, to seek lead-plaintiff status. The repeated notices increase legal and reputational pressure, although the allegations have not been proven. Pomerantz FuelCell investor alert FuelCell shareholder alert regarding Fit Energy disclosures
About FuelCell Energy
FuelCell Energy, Inc is a clean energy technology company that develops, manufactures, operates and services stationary fuel cell power platforms. Its systems generate electricity through an electrochemical process, producing power with low emissions and without combustion. The company serves utilities, commercial and industrial customers, municipalities, universities and other organizations seeking distributed and resilient energy solutions.
The company’s offerings include its SureSource fuel cell platforms, which can be configured for applications such as on-site power generation, microgrids, combined heat and power, and grid-support services.
Featured Stories
- Five stocks we like better than FuelCell Energy
- Everyone in AI Is Quietly Copying Palantir’s Playbook
- Advanced Micro Devices Is Spending $8.2 Billion to Learn What AI Needs Next
- JPMorgan Bets on Genius Sports as the Market Loses Patience
- Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
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.
