FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $9.06 Average Target Price from Analysts

by · The Cerbat Gem

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL – Get Free Report) have earned a consensus rating of “Reduce” from the seven ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.0625.

FCEL has been the subject of a number of analyst reports. Wall Street Zen lowered shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Friday. Canaccord Genuity Group restated a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of FuelCell Energy in a research report on Monday, December 29th. Zacks Research lowered shares of FuelCell Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, TD Cowen boosted their target price on shares of FuelCell Energy from $7.00 to $9.00 and gave the company a “hold” rating in a research note on Friday, December 19th.

Read Our Latest Research Report on FCEL

Insiders Place Their Bets

In related news, Director Betsy B. Bingham sold 8,608 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.35% of the company’s stock.

Institutional Trading of FuelCell Energy

A number of hedge funds have recently made changes to their positions in FCEL. Caitong International Asset Management Co. Ltd lifted its position 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 buying an additional 7,080 shares in the last quarter. MinichMacGregor Wealth Management LLC purchased a new stake in shares of FuelCell Energy during the second quarter worth $56,000. Independent Advisor Alliance purchased a new stake in shares of FuelCell Energy during the third quarter worth $80,000. PharVision Advisers LLC acquired a new stake in FuelCell Energy during the third quarter valued at $107,000. Finally, Bank of America Corp DE grew its stake in FuelCell Energy by 31.9% in 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. 42.78% of the stock is owned by hedge funds and other institutional investors.

FuelCell Energy Price Performance

NASDAQ FCEL opened at $9.09 on Friday. FuelCell Energy has a 1 year low of $3.58 and a 1 year high of $11.99. The business’s fifty day moving average is $7.89 and its two-hundred day moving average is $7.05. The stock has a market capitalization of $433.96 million, a P/E ratio of -1.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 5.36 and a current ratio of 6.63.

FuelCell Energy (NASDAQ:FCEL – Get Free Report) last issued its earnings results on Thursday, December 18th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $47.23 million. During the same period in the previous year, the firm posted ($1.99) EPS. On average, research analysts forecast that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

FuelCell Energy Company Profile

(Get Free Report)

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.

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