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

FuelCell Energy, Inc. (NASDAQ:FCEL) has been given an average recommendation of “Reduce” by the six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $9.8583.

Separately, B. Riley decreased their price target on shares of FuelCell Energy from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, June 13th.

FuelCell Energy Stock Up 1.1%

Shares of FuelCell Energy stock opened at $4.77 on Friday. The company has a market cap of $108.71 million, a price-to-earnings ratio of -0.63 and a beta of 4.15. The company’s 50 day moving average is $5.61 and its 200 day moving average is $5.61. FuelCell Energy has a twelve month low of $3.58 and a twelve month high of $16.09. The company has a quick ratio of 3.82, a current ratio of 5.62 and a debt-to-equity ratio of 0.20.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Friday, June 6th. The energy company reported ($1.79) earnings per share for the quarter, missing the consensus estimate of ($1.51) by ($0.28). FuelCell Energy had a negative return on equity of 21.16% and a negative net margin of 108.52%. The business had revenue of $37.41 million during the quarter, compared to the consensus estimate of $32.42 million. During the same quarter in the previous year, the business posted ($2.10) earnings per share. Research analysts anticipate that FuelCell Energy will post -6.11 EPS for the current year.

Institutional Trading of FuelCell Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MinichMacGregor Wealth Management LLC purchased a new stake in shares of FuelCell Energy in the second quarter worth $56,000. Rhumbline Advisers increased its stake in shares of FuelCell Energy by 21.1% in the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after purchasing an additional 5,585 shares in the last quarter. Nuveen LLC purchased a new position in FuelCell Energy during the first quarter valued at $218,000. Banque Cantonale Vaudoise purchased a new position in FuelCell Energy during the first quarter valued at $26,000. Finally, Federated Hermes Inc. grew its stake in FuelCell Energy by 254.0% during the first quarter. Federated Hermes Inc. now owns 531,615 shares of the energy company’s stock valued at $2,440,000 after acquiring an additional 381,450 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other 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.