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

FuelCell Energy, Inc. (NASDAQ:FCEL) has received a consensus rating of “Reduce” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $8.2417.

Several research analysts have recently issued reports on the company. Jefferies Financial Group set a $7.20 price objective on FuelCell Energy and gave the stock a “hold” rating in a research report on Tuesday, March 10th. Wells Fargo & Company lowered their price objective on FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Tuesday, March 10th. Finally, Weiss Ratings raised FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc acquired a new position in shares of FuelCell Energy during the 4th quarter worth about $21,149,000. Invesco Ltd. lifted its holdings in shares of FuelCell Energy by 75.4% in the 4th quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after purchasing an additional 647,151 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of FuelCell Energy in the 4th quarter valued at about $9,348,000. Renaissance Technologies LLC lifted its holdings in shares of FuelCell Energy by 14.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company’s stock valued at $8,915,000 after purchasing an additional 150,600 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of FuelCell Energy by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock valued at $8,374,000 after purchasing an additional 23,981 shares during the last quarter. 42.78% of the stock is owned by institutional investors and hedge funds.

FuelCell Energy Trading Up 3.0%

NASDAQ:FCEL opened at $24.39 on Friday. The stock has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $9.33. The stock has a market cap of $1.29 billion, a P/E ratio of -3.53 and a beta of 2.22. FuelCell Energy has a 1 year low of $3.78 and a 1 year high of $27.69. 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 (NASDAQ:FCEL) last released its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.16. The business had revenue of $30.53 million during the quarter, compared to analysts’ expectations of $42.22 million. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%. As a group, analysts anticipate that FuelCell Energy will post -2.18 earnings per share 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.