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

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been assigned a consensus rating of “Reduce” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.0625.

A number of equities analysts recently weighed in on FCEL shares. TD Cowen boosted their price objective on shares of FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Wall Street Zen cut FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Research downgraded FuelCell Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, December 29th. Finally, KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a report on Friday, December 19th.

Insider Activity at FuelCell Energy

In other news, Director Betsy B. Bingham sold 8,608 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $8.52, for a total transaction of $73,340.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FuelCell Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its position in FuelCell Energy by 1,316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after purchasing an additional 7,080 shares during the period. PharVision Advisers LLC bought a new position in shares of FuelCell Energy during the 3rd quarter valued at $107,000. Sherbrooke Park Advisers LLC purchased a new position in shares of FuelCell Energy in the 3rd quarter worth $229,000. Qube Research & Technologies Ltd bought a new stake in shares of FuelCell Energy in the third quarter worth $1,542,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FuelCell Energy by 15.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 385,021 shares of the energy company’s stock valued at $3,003,000 after acquiring an additional 50,228 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Stock Performance

Shares of FCEL stock opened at $10.13 on Friday. The company has a market capitalization of $483.61 million, a price-to-earnings ratio of -1.29 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63. FuelCell Energy has a one year low of $3.58 and a one year high of $11.99. The company’s 50-day moving average is $7.84 and its 200 day moving average is $7.00.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, December 18th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.97) by $0.14. FuelCell Energy had a negative net margin of 118.80% and a negative return on equity of 18.85%. The business had revenue of $55.02 million during the quarter, compared to analysts’ expectations of $47.23 million. During the same period in the previous year, the company earned ($1.99) earnings per share. Sell-side analysts expect that FuelCell Energy will post -6.11 EPS 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.