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

FuelCell Energy, Inc. (NASDAQ:FCEL) has earned an average recommendation of “Reduce” from the six brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $10.23.

A number of research firms have issued reports on FCEL. Wells Fargo & Company cut their target price on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. UBS Group reduced their price target on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research report on Tuesday, December 3rd. TD Cowen lifted their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Canaccord Genuity Group reiterated a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a research report on Friday, December 20th. Finally, Jefferies Financial Group dropped their price target on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday, December 20th.

Institutional Trading of FuelCell Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its stake in shares of FuelCell Energy by 156.6% during the 3rd quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company’s stock worth $1,789,000 after acquiring an additional 2,873,171 shares in the last quarter. Bank of New York Mellon Corp lifted its position in FuelCell Energy by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,677,126 shares of the energy company’s stock worth $1,071,000 after buying an additional 114,267 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of FuelCell Energy by 7.3% during the 2nd quarter. Rhumbline Advisers now owns 859,359 shares of the energy company’s stock valued at $549,000 after buying an additional 58,773 shares during the period. Inspire Investing LLC increased its stake in shares of FuelCell Energy by 90.3% in the second quarter. Inspire Investing LLC now owns 565,014 shares of the energy company’s stock worth $361,000 after acquiring an additional 268,126 shares during the last quarter. Finally, Bogart Wealth LLC raised its holdings in shares of FuelCell Energy by 21,285.7% during the third quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after acquiring an additional 111,750 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Stock Performance

Shares of NASDAQ FCEL opened at $10.08 on Tuesday. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $9.99 and its two-hundred day moving average price is $12.36. FuelCell Energy has a 52-week low of $5.45 and a 52-week high of $45.60. The stock has a market capitalization of $206.14 million, a P/E ratio of -1.29 and a beta of 3.41.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.