Analysts Set FuelCell Energy, Inc. (NASDAQ:FCEL) PT at $10.03

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been assigned an average recommendation of “Reduce” from the six ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.03.

Separately, B. Riley lowered their price target on FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th.

FuelCell Energy Trading Down 7.9%

Shares of FCEL opened at $4.22 on Monday. The firm has a market cap of $95.86 million, a P/E ratio of -0.53 and a beta of 4.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. The business has a 50-day moving average of $4.33 and a 200 day moving average of $7.28. FuelCell Energy has a fifty-two week low of $3.58 and a fifty-two week high of $30.90.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.10. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. The company had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. During the same period in the previous year, the company posted ($1.25) EPS. As a group, research analysts forecast that FuelCell Energy will post -6.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FCEL. Banque Cantonale Vaudoise purchased a new stake in FuelCell Energy during the 1st quarter valued at $26,000. Canada Pension Plan Investment Board bought a new position in shares of FuelCell Energy during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC raised its stake in FuelCell Energy by 451.5% during the first quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company’s stock valued at $57,000 after buying an additional 10,150 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of FuelCell Energy in the 4th quarter worth about $99,000. Finally, ExodusPoint Capital Management LP purchased a new position in FuelCell Energy in the fourth quarter worth about $112,000. 42.78% of the stock is owned by institutional investors.

About FuelCell Energy

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.