FuelCell Energy, Inc. (NASDAQ:FCEL) Given Consensus Rating of “Hold” by Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.53.

Several equities analysts recently commented on the company. Zacks Research raised FuelCell Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FuelCell Energy in a research report on Wednesday, October 8th. UBS Group increased their price objective on FuelCell Energy from $4.50 to $7.25 and gave the company a “neutral” rating in a report on Wednesday, September 17th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a research note on Monday, September 15th.

FuelCell Energy Stock Up 12.3%

Shares of NASDAQ:FCEL opened at $8.06 on Friday. The firm’s 50 day moving average price is $8.02 and its 200 day moving average price is $6.34. The stock has a market cap of $260.26 million, a price-to-earnings ratio of -0.88 and a beta of 1.17. FuelCell Energy has a fifty-two week low of $3.58 and a fifty-two week high of $13.98. The company has a quick ratio of 3.85, a current ratio of 5.37 and a debt-to-equity ratio of 0.21.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Tuesday, September 9th. The energy company reported ($3.78) EPS for the quarter, missing the consensus estimate of ($1.59) by ($2.19). FuelCell Energy had a negative return on equity of 20.53% and a negative net margin of 130.81%.The firm had revenue of $46.74 million for the quarter, compared to analyst estimates of $48.30 million. During the same quarter last year, the firm earned ($1.94) EPS. As a group, equities research analysts predict that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FuelCell Energy

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of FuelCell Energy by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after purchasing an additional 23,981 shares in the last quarter. Invesco Ltd. increased its position in FuelCell Energy by 194.5% during the third quarter. Invesco Ltd. now owns 858,279 shares of the energy company’s stock worth $6,695,000 after buying an additional 566,852 shares during the period. Two Sigma Investments LP acquired a new position in FuelCell Energy during the third quarter worth approximately $5,348,000. UBS Group AG lifted its stake in FuelCell Energy by 30.1% in the third quarter. UBS Group AG now owns 435,152 shares of the energy company’s stock valued at $3,394,000 after buying an additional 100,724 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FuelCell Energy by 15.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 385,021 shares of the energy company’s stock valued at $3,003,000 after acquiring an additional 50,228 shares during the period. Institutional investors and hedge funds own 42.78% of the company’s stock.

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.