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

FuelCell Energy, Inc. (NASDAQ:FCEL) has been given a consensus recommendation of “Reduce” by the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five 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 $10.23.

Several equities analysts recently issued reports on the company. UBS Group lowered their price target on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. Wells Fargo & Company cut their target price on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. TD Cowen lifted their price target on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Canaccord Genuity Group reissued a “hold” rating and issued a $12.00 price target on shares of FuelCell Energy in a report on Friday, December 20th. Finally, Jefferies Financial Group decreased their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research report on Friday, December 20th.

Institutional Investors Weigh In On FuelCell Energy

Large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC boosted its position in FuelCell Energy by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after buying an additional 5,150 shares in the last quarter. Algert Global LLC acquired a new position in shares of FuelCell Energy in the 2nd quarter worth approximately $29,000. AQR Capital Management LLC boosted its holdings in shares of FuelCell Energy by 106.0% in the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after acquiring an additional 26,223 shares in the last quarter. Bogart Wealth LLC grew its position in FuelCell Energy by 21,285.7% during the 3rd quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock worth $43,000 after acquiring an additional 111,750 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its holdings in FuelCell Energy by 42.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock valued at $46,000 after purchasing an additional 36,120 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

FuelCell Energy Stock Performance

NASDAQ FCEL opened at $10.38 on Friday. The company’s fifty day moving average is $9.82 and its two-hundred day moving average is $13.61. FuelCell Energy has a 52-week low of $5.45 and a 52-week high of $55.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97. The firm has a market capitalization of $192.19 million, a price-to-earnings ratio of -1.33 and a beta of 3.64.

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.