FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Average Recommendation of “Hold” from Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCELGet Free Report) have been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $22.8333.

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of FuelCell Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $16.00 to $24.00 in a report on Friday, June 26th. UBS Group raised shares of FuelCell Energy from a “neutral” rating to a “buy” rating and increased their price objective for the stock 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 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 note on Tuesday, June 9th. Finally, Canaccord Genuity Group upped their target price on shares of FuelCell Energy from $12.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th.

View Our Latest Stock Analysis on FCEL

Insider Activity

In other news, EVP Shankar Achanta sold 2,500 shares of the business’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 transaction of $71,775.00. Following the completion of the transaction, the executive vice president directly owned 2,618 shares in the company, valued at approximately $75,162.78. The trade was a 48.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.46% of the company’s stock.

Institutional Trading of FuelCell Energy

Several hedge funds have recently added to or reduced their stakes in FCEL. Kestra Advisory Services LLC bought a new stake in shares of FuelCell Energy in the 4th quarter worth $29,000. Bank of America Corp DE boosted its stake in FuelCell Energy by 31.9% during 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. Rhumbline Advisers grew its holdings in FuelCell Energy by 21.1% during 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 period. Caitong International Asset Management Co. Ltd grew its holdings in FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after acquiring an additional 7,080 shares during the period. Finally, Entropy Technologies LP raised its position in FuelCell Energy by 28.6% in the first quarter. Entropy Technologies LP now owns 37,519 shares of the energy company’s stock worth $245,000 after acquiring an additional 8,336 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Trading Down 3.2%

NASDAQ:FCEL opened at $19.20 on Wednesday. FuelCell Energy has a 12-month low of $3.78 and a 12-month high of $37.88. The firm has a market capitalization of $1.54 billion, a P/E ratio of -2.92 and a beta of 2.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.59 and a quick ratio of 7.20. The business has a 50 day simple moving average of $21.83 and a 200 day simple moving average of $14.61.

FuelCell Energy (NASDAQ:FCELGet Free Report) last issued its quarterly earnings data on Monday, June 8th. The energy company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $35.59 million for the quarter, compared to the consensus estimate of $40.47 million. During the same quarter in the previous year, the company earned ($1.79) earnings per share. Equities research analysts predict that FuelCell Energy will post -1.73 EPS for the current year.

FuelCell Energy Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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