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

Shares of FuelCell Energy, Inc. (NASDAQ:FCELGet Rating) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.00.

FCEL has been the subject of a number of recent research reports. Zacks Investment Research upgraded FuelCell Energy from a “sell” rating to a “hold” rating in a report on Monday, February 21st. cut their price target on shares of FuelCell Energy from $7.00 to $5.50 and set a “hold” rating on the stock in a research report on Thursday, December 30th. JPMorgan Chase & Co. cut their price objective on shares of FuelCell Energy from $7.00 to $5.00 in a research report on Thursday, January 20th. Canaccord Genuity Group cut their price objective on shares of FuelCell Energy from $7.00 to $5.50 and set a “hold” rating on the stock in a research report on Thursday, December 30th. Finally, B. Riley cut their price objective on shares of FuelCell Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, December 30th.

Shares of NASDAQ:FCEL traded down $0.25 during trading on Monday, hitting $5.26. 9,249,933 shares of the company were exchanged, compared to its average volume of 17,765,984. The business’s 50 day moving average is $5.74 and its 200-day moving average is $6.50. The company has a quick ratio of 5.89, a current ratio of 6.76 and a debt-to-equity ratio of 0.14. FuelCell Energy has a 1-year low of $3.39 and a 1-year high of $12.62.

FuelCell Energy (NASDAQ:FCELGet Rating) last announced its quarterly earnings results on Thursday, March 10th. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The company had revenue of $31.80 million for the quarter, compared to analyst estimates of $26.27 million. FuelCell Energy had a negative return on equity of 12.95% and a negative net margin of 110.65%. The firm’s quarterly revenue was up 113.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.06) earnings per share. On average, equities analysts predict that FuelCell Energy will post -0.27 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Dark Forest Capital Management LP purchased a new position in shares of FuelCell Energy in the third quarter valued at about $31,000. Psagot Value Holdings Ltd. Israel boosted its stake in FuelCell Energy by 75.8% during the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 5,800 shares of the energy company’s stock worth $176,000 after acquiring an additional 2,500 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of FuelCell Energy in the third quarter worth approximately $44,000. O Shaughnessy Asset Management LLC lifted its stake in shares of FuelCell Energy by 21.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 8,131 shares of the energy company’s stock worth $55,000 after buying an additional 1,428 shares in the last quarter. Finally, DC Investments Management LLC bought a new position in FuelCell Energy during the third quarter valued at approximately $72,000. Hedge funds and other institutional investors own 38.13% of the company’s stock.

FuelCell Energy Company Profile (Get Rating)

FuelCell Energy, Inc, together with its subsidiaries, designs, manufactures, sells, installs, operates, and services stationary fuel cell power plants for distributed baseload power generation. It offers SureSource1500, a 1.4-megawatt (MW) platform; SureSource 3000, a 2.8 MW platform; SureSource 4000, a 3.7 MW platform; SureSource 250, a 250- kilowatt (kW) platform; SureSource 400, a 400-kW platform; and SureSource Hydrogen, a 2.3 MW platform that is designed to produce up to 1,200 kilograms of hydrogen per day for multi-megawatt utility, microgrid, and distributed hydrogen applications, as well as on-site heat and chilling applications.

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Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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