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

Key Points

• FuelCell Energy, Inc. has received an average rating of "Reduce" from six brokerages, with one analyst recommending a sell and five issuing hold ratings.
• The company's stock opened at $4.34 and has a one-year target price set by analysts averaging $9.86.
• FuelCell Energy reported a negative earnings per share of ($1.79) in its last earnings release, which missed analysts' expectations, although its revenue of $37.41 million exceeded estimates.

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have earned an average rating of "Reduce" from the six brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.8583.

Separately, B. Riley reduced their target price on FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, June 13th.

FuelCell Energy Stock Up 2.6%

Shares of FCEL stock opened at $4.34 on Wednesday. The stock has a market cap of $98.91 million, a P/E ratio of -0.58 and a beta of 4.15. FuelCell Energy has a one year low of $3.58 and a one year high of $16.09. The stock has a fifty day moving average price of $5.05 and a 200 day moving average price of $5.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.62 and a quick ratio of 3.82.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its earnings results on Friday, June 6th. The energy company reported ($1.79) EPS for the quarter, missing the consensus estimate of ($1.51) by ($0.28). The firm had revenue of $37.41 million during the quarter, compared to the consensus estimate of $32.42 million. FuelCell Energy had a negative return on equity of 21.16% and a negative net margin of 108.52%.During the same period last year, the business earned ($2.10) earnings per share. Analysts predict that FuelCell Energy will post -6.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of FuelCell Energy by 638.2% during the second quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company's stock valued at $107,000 after acquiring an additional 16,440 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of FuelCell Energy by 128.8% during the second quarter. Engineers Gate Manager LP now owns 40,277 shares of the energy company's stock valued at $226,000 after acquiring an additional 22,672 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of FuelCell Energy during the second quarter valued at $216,000. Bank of America Corp DE lifted its holdings 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 acquiring an additional 4,435 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 acquiring an additional 19,857 shares during the period. 42.78% of the stock is owned by 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.

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