FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $8.24 Average Target Price from Analysts

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have earned an average rating of “Reduce” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $8.2417.

A number of analysts have recently commented on FCEL shares. Wells Fargo & Company cut their target price on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, December 29th. Jefferies Financial Group set a $7.20 price objective on FuelCell Energy and gave the stock a “hold” rating in a research note on Tuesday, March 10th. TD Cowen increased their target price on FuelCell Energy from $7.00 to $9.00 and gave the company a “hold” rating in a report on Friday, December 19th. Finally, Zacks Research downgraded FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th.

Insider Buying and Selling

In related news, Director Betsy B. Bingham sold 8,608 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total value of $73,340.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.46% of the company’s stock.

Institutional Investors Weigh In On FuelCell Energy

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in FuelCell Energy during the fourth quarter worth $29,000. Bank of America Corp DE grew its stake in shares of FuelCell Energy by 31.9% in 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 stake in shares of FuelCell Energy by 21.1% in the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock valued at $147,000 after buying an additional 5,585 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 valued at $59,000 after buying an additional 7,080 shares during the period. Finally, Independent Advisor Alliance acquired a new position in FuelCell Energy during the 3rd quarter worth about $80,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $6.75 on Friday. The stock has a market capitalization of $357.62 million, a P/E ratio of -0.98 and a beta of 1.33. The company’s fifty day moving average price is $7.85 and its 200 day moving average price is $7.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 6.51 and a current ratio of 7.96. FuelCell Energy has a 1 year low of $3.58 and a 1 year high of $11.99.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.16. The company had revenue of $30.53 million during the quarter, compared to analysts’ expectations of $42.22 million. FuelCell Energy had a negative net margin of 107.51% and a negative return on equity of 17.76%. As a group, equities research analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

FuelCell Energy Company Profile

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.