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

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been assigned a consensus rating of “Reduce” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.03.

A number of equities research analysts recently commented on FCEL shares. B. Riley lowered their price target on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research report on Friday, December 20th. TD Cowen boosted their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, Jefferies Financial Group decreased their price objective on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research note on Friday, December 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in shares of FuelCell Energy during the fourth quarter worth about $30,000. Squarepoint Ops LLC bought a new stake in FuelCell Energy during the fourth quarter valued at approximately $99,000. ExodusPoint Capital Management LP purchased a new position in FuelCell Energy in the 4th quarter worth approximately $112,000. Aristides Capital LLC bought a new position in shares of FuelCell Energy in the 4th quarter worth $170,000. Finally, Connective Capital Management LLC purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at $202,000. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Price Performance

FCEL stock opened at $4.46 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. The company’s 50-day moving average is $6.39 and its 200-day moving average is $8.90. The stock has a market capitalization of $94.30 million, a PE ratio of -0.56 and a beta of 3.95. FuelCell Energy has a 1 year low of $4.15 and a 1 year high of $37.20.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.10. The company had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same period in the prior year, the firm earned ($1.25) earnings per share. Equities research analysts expect that FuelCell Energy will post -6.11 EPS for the current fiscal year.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.