FuelCell Energy (NASDAQ:FCEL) Price Target Lowered to $8.00 at B. Riley

FuelCell Energy (NASDAQ:FCEL - Free Report) had its target price decreased by B. Riley from $9.00 to $8.00 in a report published on Friday,Benzinga reports. B. Riley currently has a neutral rating on the energy company's stock.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL traded up $0.91 during trading on Friday, reaching $6.94. The stock had a trading volume of 2,417,014 shares, compared to its average volume of 1,287,523. The business has a fifty day moving average price of $4.64 and a 200-day moving average price of $6.92. FuelCell Energy has a 1-year low of $3.58 and a 1-year high of $24.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. The stock has a market cap of $158.17 million, a PE ratio of -0.88 and a beta of 4.12.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its earnings results on Friday, June 6th. The energy company reported ($1.79) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.51) by ($0.28). The business had revenue of $37.41 million for the quarter, compared to analysts' expectations of $32.42 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same period in the previous year, the company earned ($2.10) EPS. On average, equities analysts forecast that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FuelCell Energy

Large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board acquired a new stake in shares of FuelCell Energy in the 4th quarter worth $30,000. Banque Cantonale Vaudoise purchased a new stake in shares of FuelCell Energy in the first quarter valued at about $26,000. Squarepoint Ops LLC acquired a new stake in FuelCell Energy during the fourth quarter worth about $99,000. ExodusPoint Capital Management LP acquired a new stake in FuelCell Energy during the fourth quarter worth about $112,000. Finally, GAMMA Investing LLC raised its stake in FuelCell Energy by 451.5% during the first quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company's stock worth $57,000 after purchasing an additional 10,150 shares during the period. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

FuelCell Energy Company Profile

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.