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

FuelCell Energy, Inc. (NASDAQ:FCEL) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $9.0625.

Several research firms have commented on FCEL. Canaccord Genuity Group reissued a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a research note on Friday, December 19th. KeyCorp reiterated a “sector weight” rating on shares of FuelCell Energy in a research note on Friday, December 19th. Zacks Research upgraded FuelCell Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FuelCell Energy in a research note on Monday, December 22nd. Finally, TD Cowen lifted their price target on FuelCell Energy from $7.00 to $9.00 and gave the company a “hold” rating in a research report on Friday, December 19th.

Insider Transactions at FuelCell Energy

In related news, Director Betsy B. Bingham sold 8,608 shares of FuelCell Energy stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $8.52, for a total transaction of $73,340.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FuelCell Energy

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its stake in FuelCell Energy by 1,316.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after purchasing an additional 7,080 shares in the last quarter. MinichMacGregor Wealth Management LLC purchased a new position in shares of FuelCell Energy in the second quarter worth approximately $56,000. Independent Advisor Alliance purchased a new position in shares of FuelCell Energy in the third quarter worth approximately $80,000. PharVision Advisers LLC acquired a new stake in shares of FuelCell Energy during the third quarter valued at approximately $107,000. Finally, Bank of America Corp DE lifted its position in shares of FuelCell Energy by 31.9% in the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock valued at $103,000 after acquiring an additional 4,435 shares in the last quarter. 42.78% of the stock is owned by institutional investors and hedge funds.

FuelCell Energy Stock Down 3.8%

Shares of FuelCell Energy stock opened at $8.16 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.63 and a quick ratio of 5.36. FuelCell Energy has a 1-year low of $3.58 and a 1-year high of $13.98. The business’s fifty day moving average price is $7.72 and its two-hundred day moving average price is $6.70. The company has a market capitalization of $389.56 million, a P/E ratio of -1.04 and a beta of 1.17.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings results on Thursday, December 18th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.97) by $0.14. FuelCell Energy had a negative return on equity of 18.85% and a negative net margin of 118.80%.The company had revenue of $55.02 million during the quarter, compared to analysts’ expectations of $47.23 million. During the same quarter in the prior year, the business posted ($1.99) earnings per share. As a group, research analysts forecast that FuelCell Energy will post -6.11 EPS for the current year.

About FuelCell Energy

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.