Analysts Set FuelCell Energy, Inc. (NASDAQ:FCEL) Price Target at $9.06

FuelCell Energy, Inc. (NASDAQ:FCEL) has earned a consensus recommendation of “Reduce” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.0625.

FCEL has been the topic of a number of research reports. Canaccord Genuity Group restated a “hold” rating and set a $12.00 price objective on shares of FuelCell Energy in a research report on Friday, December 19th. Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research note on Friday, December 19th. TD Cowen increased their price objective on shares of FuelCell Energy from $7.00 to $9.00 and gave the company a “hold” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, December 29th.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $8.19 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63. FuelCell Energy has a 52 week low of $3.58 and a 52 week high of $11.99. The stock has a market capitalization of $390.97 million, a P/E ratio of -1.04 and a beta of 1.13. The stock has a fifty day moving average of $8.10 and a 200-day moving average of $7.13.

FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, December 18th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.97) by $0.14. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.The firm had revenue of $55.02 million for the quarter, compared to analysts’ expectations of $47.23 million. During the same quarter in the previous year, the business posted ($1.99) earnings per share. On average, sell-side analysts expect that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

Insider Transactions at FuelCell Energy

In other FuelCell Energy news, Director Betsy B. Bingham sold 8,608 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total value of $73,340.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FuelCell Energy

Several large investors have recently modified their holdings of FCEL. MinichMacGregor Wealth Management LLC bought a new position in FuelCell Energy in the 2nd quarter worth approximately $56,000. Brevan Howard Capital Management LP bought a new stake in FuelCell Energy during the second quarter valued at $216,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of FuelCell Energy by 6.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock valued at $1,877,000 after acquiring an additional 19,857 shares during the last quarter. Marshall Wace LLP bought a new stake in FuelCell Energy during the second quarter valued at approximately $122,000. Finally, Rhumbline Advisers lifted its holdings in shares of FuelCell Energy by 21.1% during the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after acquiring an additional 5,585 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Company Profile

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.