FuelCell Energy (NASDAQ:FCEL) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of FuelCell Energy (NASDAQ:FCEL) from a hold rating to a sell rating in a research note published on Friday morning.

Several other brokerages also recently commented on FCEL. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a research note on Friday, December 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, December 29th. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a research note on Friday, December 19th. TD Cowen increased their target price 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, Zacks Research downgraded FuelCell Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, FuelCell Energy currently has a consensus rating of “Reduce” and a consensus target price of $9.06.

FuelCell Energy Trading Up 2.1%

NASDAQ FCEL opened at $10.13 on Friday. The firm has a market cap of $483.61 million, a PE ratio of -1.29 and a beta of 1.13. FuelCell Energy has a 1-year low of $3.58 and a 1-year high of $11.99. The stock has a 50-day moving average of $7.84 and a 200-day moving average of $7.00. The company has a current ratio of 6.63, a quick ratio of 5.36 and a debt-to-equity ratio of 0.17.

FuelCell Energy (NASDAQ:FCEL) last posted 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 business had revenue of $55.02 million for the quarter, compared to analyst estimates of $47.23 million. During the same period last year, the company earned ($1.99) EPS. As a group, sell-side analysts forecast that FuelCell Energy will post -6.11 EPS for the current year.

Insider Buying and Selling at FuelCell Energy

In related news, Director Betsy B. Bingham sold 8,608 shares of FuelCell Energy stock in a transaction that occurred on 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 can be accessed through this link. 0.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FuelCell Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCEL. Rhumbline Advisers grew its position in shares of FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after buying an additional 5,585 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in FuelCell Energy during the second quarter worth about $56,000. Marshall Wace LLP purchased a new stake in FuelCell Energy in the second quarter worth about $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of FuelCell Energy by 6.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock valued at $1,877,000 after purchasing an additional 19,857 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of FuelCell Energy by 31.9% during the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock valued at $103,000 after purchasing an additional 4,435 shares in the last quarter. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Company Profile

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.