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 a consensus recommendation of "Reduce" from the six analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.8583.

Separately, B. Riley cut their price objective on FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, June 13th.

FuelCell Energy Trading Down 3.2%

Shares of FuelCell Energy stock traded down $0.14 during trading hours on Wednesday, reaching $4.20. The stock had a trading volume of 956,124 shares, compared to its average volume of 1,371,225. The firm has a 50 day simple moving average of $4.91 and a two-hundred day simple moving average of $5.10. The firm has a market capitalization of $95.72 million, a price-to-earnings ratio of -0.56 and a beta of 4.14. The company has a current ratio of 5.62, a quick ratio of 3.82 and a debt-to-equity ratio of 0.20. FuelCell Energy has a 1 year low of $3.58 and a 1 year high of $16.09.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Friday, June 6th. The energy company reported ($1.79) EPS for the quarter, missing analysts' consensus estimates of ($1.51) by ($0.28). The firm had revenue of $37.41 million during the quarter, compared to analysts' expectations 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 quarter last year, the business earned ($2.10) earnings per share. As a group, equities research analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current year.

Institutional Investors Weigh In On FuelCell Energy

Several hedge funds have recently modified their holdings of FCEL. Federated Hermes Inc. raised its holdings in shares of FuelCell Energy by 254.0% during the 1st quarter. Federated Hermes Inc. now owns 531,615 shares of the energy company's stock valued at $2,440,000 after buying an additional 381,450 shares during the period. Penserra Capital Management LLC raised its holdings in shares of FuelCell Energy by 167.6% during the 1st quarter. Penserra Capital Management LLC now owns 195,802 shares of the energy company's stock valued at $898,000 after buying an additional 122,638 shares during the period. Marshall Wace LLP purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at about $860,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of FuelCell Energy during the 4th quarter valued at about $444,000. Finally, Nuveen LLC purchased a new stake in shares of FuelCell Energy during the 1st quarter valued at about $218,000. 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.