FuelCell Energy, Inc. (NASDAQ:FCEL) Given Average Rating of “Reduce” by Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have earned a consensus recommendation of “Reduce” from the nine analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $15.0417.

FCEL has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. B. Riley Financial boosted their price target on FuelCell Energy from $8.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 9th. Jefferies Financial Group boosted their price target on FuelCell Energy from $7.20 to $16.00 and gave the stock a “hold” rating in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company boosted their price target on FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 16th.

Institutional Inflows and Outflows

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

FuelCell Energy Stock Performance

Shares of FCEL stock opened at $24.39 on Tuesday. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18. FuelCell Energy has a 12-month low of $3.78 and a 12-month high of $27.69. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -3.71 and a beta of 2.42. The stock has a 50 day simple moving average of $16.75 and a 200-day simple moving average of $10.93.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share 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 last year, the company earned ($1.79) earnings per share. On average, equities analysts forecast that FuelCell Energy will post -1.84 EPS for the current 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.