FuelCell Energy, Inc. (NASDAQ:FCEL) Given Average Rating of "Hold" by Brokerages

Key Points

• FuelCell Energy has an average “Hold” rating from nine analysts: four rate it a buy, three a hold and two a sell. The average 12-month price target is $22.83, with several brokerages recently raising their ratings and targets.
• An executive vice president sold 2,500 shares for $71,775, reducing his direct holdings by 48.85%; insiders collectively own 5.46% of the company. Institutional investors and hedge funds own 42.78% of outstanding shares.
• FCEL shares opened at $19.20, down 3.2%, and remain highly volatile, trading between $3.78 and $37.88 over the past year. The company recently missed earnings and revenue estimates, reporting a quarterly loss of $0.53 per share on $35.59 million in revenue.

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have received an average rating of "Hold" from the nine analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $22.8333.

FCEL has been the subject of several research analyst reports. B. Riley Financial upgraded shares of FuelCell Energy from a "neutral" rating to a "buy" rating and upped their target price for the company from $13.00 to $32.00 in a research note on Monday, June 29th. Jefferies Financial Group upgraded FuelCell Energy from a "hold" rating to a "buy" rating and lifted their price target for the stock from $16.00 to $24.00 in a research note on Friday, June 26th. UBS Group raised FuelCell Energy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $22.00 to $27.00 in a report on Tuesday, July 14th. Wall Street Zen cut FuelCell Energy from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Weiss Ratings raised FuelCell Energy from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, May 20th.

Insider Buying and Selling at FuelCell Energy

In related news, EVP Shankar Achanta sold 2,500 shares of the company's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $28.71, for a total transaction of $71,775.00. Following the sale, the executive vice president directly owned 2,618 shares of the company's stock, valued at approximately $75,162.78. This represents a 48.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.46% of the company's stock.

Hedge Funds Weigh In On FuelCell Energy

A number of hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of FuelCell Energy by 31,021.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 147,516 shares of the energy company's stock worth $1,078,000 after purchasing an additional 147,042 shares during the period. CenterBook Partners LP bought a new position in shares of FuelCell Energy in the 4th quarter worth about $9,348,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of FuelCell Energy by 1,173,840.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 234,788 shares of the energy company's stock valued at $1,716,000 after buying an additional 234,768 shares during the period. Legal & General Group Plc bought a new stake in shares of FuelCell Energy during the 4th quarter valued at about $21,149,000. Finally, Virtu Financial LLC grew its position in shares of FuelCell Energy by 75.7% during the 4th quarter. Virtu Financial LLC now owns 85,655 shares of the energy company's stock valued at $626,000 after buying an additional 36,910 shares during the last quarter. Institutional investors and hedge funds own 42.78% of the company's stock.

FuelCell Energy Stock Down 3.2%

Shares of NASDAQ:FCEL opened at $19.20 on Wednesday. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $21.83 and a 200 day simple moving average of $14.61. The firm has a market cap of $1.54 billion, a PE ratio of -2.92 and a beta of 2.37. FuelCell Energy has a 12-month low of $3.78 and a 12-month high of $37.88.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($1.05). The company had revenue of $35.59 million during the quarter, compared to analyst estimates of $40.47 million. FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. During the same period in the prior year, the company earned ($1.79) earnings per share. On average, equities research analysts anticipate that FuelCell Energy will post -1.73 EPS for the current fiscal year.

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.

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