FuelCell Energy (NASDAQ:FCEL) Given New $16.00 Price Target at Jefferies Financial Group

FuelCell Energy (NASDAQ:FCEL) had its price objective upped by stock analysts at Jefferies Financial Group from $7.20 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the energy company’s stock. Jefferies Financial Group’s target price points to a potential downside of 5.81% from the company’s current price.

Other equities research analysts have also issued reports about the stock. TD Cowen reiterated a “hold” rating and issued a $16.00 price objective (up from $9.00) on shares of FuelCell Energy in a research report on Tuesday. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research report on Tuesday. Weiss Ratings upgraded shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 20th. Wells Fargo & Company decreased their price objective on shares of FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 10th. Finally, Canaccord Genuity Group boosted their price objective on shares of FuelCell Energy from $12.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $14.71.

FuelCell Energy Price Performance

Shares of FCEL traded down $0.50 on Wednesday, reaching $16.99. The stock had a trading volume of 4,459,576 shares, compared to its average volume of 5,075,898. The firm has a 50-day moving average of $14.31 and a 200 day moving average of $10.06. The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $899.97 million, a PE ratio of -2.60 and a beta of 2.42. FuelCell Energy has a twelve month low of $3.78 and a twelve month high of $27.69.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Monday, June 8th. The energy company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.01). The firm had revenue of $35.59 million for the quarter, compared to analysts’ expectations of $40.47 million. FuelCell Energy had a negative return on equity of 16.40% and a negative net margin of 132.41%.During the same quarter in the previous year, the firm posted ($1.79) earnings per share. Sell-side analysts expect that FuelCell Energy will post -2.22 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc purchased a new position in FuelCell Energy in the 4th quarter valued at about $21,149,000. Invesco Ltd. lifted its holdings in 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 in the last quarter. CenterBook Partners LP purchased a new position in FuelCell Energy in the 4th quarter valued at about $9,348,000. Renaissance Technologies LLC lifted its holdings in 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 in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in 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 in the last quarter. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

More FuelCell Energy News

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: Canaccord Genuity upgraded FCEL to Buy and raised its price target to $30, signaling much stronger Wall Street confidence in the stock’s upside. Analyst price target update
• Positive Sentiment: FuelCell said data centers make up nearly 90% of its sales pipeline, with the total pipeline reaching 4 GW, which investors are treating as evidence of major future demand tied to AI infrastructure. Data center pipeline article
• Positive Sentiment: The company outlined plans to expand its Torrington manufacturing footprint, including a potential $200 million to $275 million investment, which suggests management is preparing for larger orders and stronger growth ahead. Manufacturing footprint article
• Neutral Sentiment: Unusually heavy call-option buying and increased short-interest attention indicate rising trader interest, but these flows do not by themselves change the company’s fundamentals. Options trading article
• Negative Sentiment: The latest quarterly results were still soft, with revenue missing expectations and losses widening, reminding investors that FCEL’s turnaround is not yet reflected in its financial statements. Earnings weakness article

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.