FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Consensus Rating of “Reduce” from Brokerages

FuelCell Energy, Inc. (NASDAQ:FCEL) has been given a consensus recommendation of “Reduce” by the seven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.0625.

FCEL has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a research report on Friday, December 19th. Wall Street Zen lowered FuelCell Energy from a “hold” rating to a “sell” rating in a report on Friday, January 23rd. Canaccord Genuity Group reaffirmed a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research report on Friday, December 19th. TD Cowen raised their price objective on shares of FuelCell Energy from $7.00 to $9.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, December 29th.

Insider Activity

In related news, Director Betsy B. Bingham sold 8,608 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $8.52, for a total value of $73,340.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.35% of the stock is currently owned by insiders.

Institutional Trading of FuelCell Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of FCEL. Tower Research Capital LLC TRC lifted its position in shares of FuelCell Energy by 638.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company’s stock valued at $107,000 after buying an additional 16,440 shares in the last quarter. Bank of America Corp DE raised its stake in FuelCell Energy by 31.9% during the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock worth $103,000 after acquiring an additional 4,435 shares during the period. Marshall Wace LLP bought a new stake in FuelCell Energy during the 2nd quarter worth approximately $122,000. Rhumbline Advisers lifted its holdings in FuelCell Energy by 21.1% during the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock valued at $147,000 after purchasing an additional 5,585 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of FuelCell Energy in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Price Performance

NASDAQ FCEL opened at $7.28 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63. The company has a market capitalization of $347.55 million, a price-to-earnings ratio of -0.93 and a beta of 1.32. The stock has a 50-day moving average of $8.14 and a 200 day moving average of $7.32. FuelCell Energy has a one year low of $3.58 and a one year high of $11.99.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Thursday, December 18th. The energy company reported ($0.83) EPS for the quarter, topping analysts’ consensus estimates of ($0.97) by $0.14. The firm had revenue of $55.02 million during the quarter, compared to analyst estimates of $47.23 million. FuelCell Energy had a negative net margin of 118.80% and a negative return on equity of 18.85%. During the same period in the previous year, the business posted ($1.99) earnings per share. On average, sell-side 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.