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

by · The Markets Daily

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL – Get Free Report) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.53.

FCEL has been the topic of a number of recent research reports. UBS Group lifted their target price on FuelCell Energy from $4.50 to $7.25 and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Zacks Research raised FuelCell Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Canaccord Genuity Group restated a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday.

Check Out Our Latest Stock Analysis on FCEL

Institutional Trading of FuelCell Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FCEL. Vanguard Group Inc. raised its position in FuelCell Energy by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after purchasing an additional 23,981 shares in the last quarter. Invesco Ltd. grew its stake in shares of FuelCell Energy by 194.5% in the 3rd quarter. Invesco Ltd. now owns 858,279 shares of the energy company’s stock valued at $6,695,000 after purchasing an additional 566,852 shares during the period. Two Sigma Investments LP acquired a new position in shares of FuelCell Energy in the 3rd quarter worth approximately $5,348,000. UBS Group AG lifted its position in shares of FuelCell Energy by 30.1% during the 3rd quarter. UBS Group AG now owns 435,152 shares of the energy company’s stock worth $3,394,000 after buying an additional 100,724 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in FuelCell Energy by 15.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 385,021 shares of the energy company’s stock valued at $3,003,000 after buying an additional 50,228 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Price Performance

NASDAQ:FCEL opened at $8.36 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.37 and a quick ratio of 3.85. FuelCell Energy has a one year low of $3.58 and a one year high of $13.98. The company has a fifty day moving average price of $8.05 and a 200 day moving average price of $6.44. The stock has a market cap of $269.99 million, a P/E ratio of -0.91 and a beta of 1.17.

FuelCell Energy (NASDAQ:FCEL – Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The energy company reported ($3.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.59) by ($2.19). The company had revenue of $46.74 million during the quarter, compared to analyst estimates of $48.30 million. FuelCell Energy had a negative return on equity of 20.53% and a negative net margin of 130.81%.During the same quarter in the prior year, the business earned ($1.94) earnings per share. Analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current year.

FuelCell Energy Company Profile

(Get Free Report)

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.

Further Reading