FuelCell Energy (NASDAQ:FCEL) Price Target Raised to $12.00

by · The Markets Daily

FuelCell Energy (NASDAQ:FCEL – Get Free Report) had its price target increased by TD Cowen from $2.00 to $12.00 in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has a “hold” rating on the energy company’s stock. TD Cowen’s price target would suggest a potential upside of 15.16% from the stock’s current price.

A number of other brokerages have also recently commented on FCEL. StockNews.com initiated coverage on FuelCell Energy in a report on Tuesday, November 12th. They set a “sell” rating for the company. Wells Fargo & Company lowered their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. UBS Group cut their target price on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. Finally, Canaccord Genuity Group decreased their price target on shares of FuelCell Energy from $45.00 to $37.50 and set a “hold” rating for the company in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.23.

Check Out Our Latest Report on FCEL

FuelCell Energy Trading Up 11.7 %

FCEL opened at $10.42 on Friday. FuelCell Energy has a 52 week low of $5.45 and a 52 week high of $55.20. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $14.04. The firm has a market cap of $192.93 million, a P/E ratio of -1.33 and a beta of 3.64.

Institutional Trading of FuelCell Energy

Hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its position in shares of FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after purchasing an additional 5,150 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of FuelCell Energy by 4.2% during the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock worth $208,000 after purchasing an additional 22,153 shares in the last quarter. AQR Capital Management LLC increased its holdings in FuelCell Energy by 106.0% in the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after buying an additional 26,223 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in FuelCell Energy by 42.0% in the third quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock valued at $46,000 after buying an additional 36,120 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in FuelCell Energy during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

About FuelCell Energy

(Get Free Report)

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.

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