Wall Street Zen Downgrades FuelCell Energy (NASDAQ:FCEL) to Sell

FuelCell Energy (NASDAQ:FCEL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research analysts also recently issued reports on FCEL. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research note on Tuesday. TD Cowen reiterated a “hold” rating and issued a $16.00 price target (up from $9.00) on shares of FuelCell Energy in a research note on Tuesday. Jefferies Financial Group lifted their price target on shares of FuelCell Energy from $7.20 to $16.00 and gave the stock a “hold” rating in a research note on Wednesday. Wells Fargo & Company decreased their price target 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. Finally, Weiss Ratings upgraded shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, FuelCell Energy presently has a consensus rating of “Reduce” and a consensus price target of $14.71.

FuelCell Energy Trading Down 4.2%

FCEL opened at $16.94 on Friday. FuelCell Energy has a 12 month low of $3.78 and a 12 month high of $27.69. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -2.58 and a beta of 2.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.59 and a quick ratio of 6.51. The business has a fifty day moving average price of $14.94 and a 200 day moving average price of $10.26.

FuelCell Energy (NASDAQ:FCEL) last announced 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 ($0.01). 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 analyst estimates of $40.47 million. During the same period in the prior year, the firm posted ($1.79) earnings per share. Sell-side analysts expect that FuelCell Energy will post -2.22 earnings per share for the current fiscal year.

Institutional Trading of FuelCell Energy

Several institutional investors have recently modified their holdings of FCEL. Kestra Advisory Services LLC purchased a new stake in shares of FuelCell Energy during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of FuelCell Energy by 1,316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after buying an additional 7,080 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of FuelCell Energy during the 4th quarter worth approximately $78,000. Franklin Resources Inc. acquired a new stake in shares of FuelCell Energy during the fourth quarter worth about $84,000. Finally, Optiver Holding B.V. acquired a new stake in shares of FuelCell Energy during the first quarter worth about $88,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

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.