Analysts Set FuelCell Energy, Inc. (NASDAQ:FCEL) Price Target at $9.86

FuelCell Energy, Inc. (NASDAQ:FCEL) has been assigned a consensus recommendation of “Reduce” from the six analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9.86.

Separately, B. Riley cut their target price on shares of FuelCell Energy from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FCEL. Canada Pension Plan Investment Board purchased a new position in FuelCell Energy during the 4th quarter valued at $30,000. Rhumbline Advisers boosted 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 valued at $147,000 after buying an additional 5,585 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of FuelCell Energy during the 1st quarter valued at $26,000. Bank of New York Mellon Corp grew its position in FuelCell Energy by 18.6% during the 1st quarter. Bank of New York Mellon Corp now owns 51,764 shares of the energy company’s stock valued at $238,000 after purchasing an additional 8,121 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in FuelCell Energy by 451.5% during the 1st quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company’s stock valued at $57,000 after purchasing an additional 10,150 shares during the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Stock Performance

Shares of FCEL opened at $6.03 on Friday. The company has a market cap of $137.43 million, a PE ratio of -0.76 and a beta of 4.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. The firm has a 50-day moving average of $4.64 and a 200-day moving average of $6.92. FuelCell Energy has a one year low of $3.58 and a one year high of $24.90.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Friday, June 6th. The energy company reported ($1.79) EPS for the quarter, missing the consensus estimate of ($1.51) by ($0.28). The firm had revenue of $37.41 million during the quarter, compared to analyst estimates of $32.42 million. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. During the same quarter in the previous year, the firm posted ($2.10) earnings per share. As a group, equities analysts forecast that FuelCell Energy will post -6.11 earnings per share for the current year.

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.