FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has been assigned an average recommendation of "Reduce" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.86.
Separately, B. Riley cut their target price on shares of FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, June 13th.
Check Out Our Latest Report on FCEL
FuelCell Energy Price Performance
Shares of NASDAQ:FCEL traded down $0.37 on Tuesday, reaching $5.37. 2,095,138 shares of the company traded hands, compared to its average volume of 1,333,133. FuelCell Energy has a fifty-two week low of $3.58 and a fifty-two week high of $21.60. The company's 50 day moving average is $5.32 and its 200-day moving average is $6.30. The stock has a market capitalization of $122.38 million, a PE ratio of -0.71 and a beta of 4.09. 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 announced 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). FuelCell Energy had a negative net margin of 108.52% and a negative return on equity of 21.16%. The company had revenue of $37.41 million for the quarter, compared to analyst estimates of $32.42 million. During the same quarter last year, the company posted ($2.10) EPS. As a group, analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.
Institutional Trading of FuelCell Energy
A number of institutional investors have recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in FuelCell Energy during the fourth quarter worth $860,000. Federated Hermes Inc. bought a new stake in shares of FuelCell Energy in the fourth quarter valued at about $1,357,000. Penserra Capital Management LLC grew its holdings in shares of FuelCell Energy by 167.6% in the 1st quarter. Penserra Capital Management LLC now owns 195,802 shares of the energy company's stock worth $898,000 after purchasing an additional 122,638 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of FuelCell Energy by 21.1% in the 1st quarter. Rhumbline Advisers now owns 32,012 shares of the energy company's stock worth $147,000 after purchasing an additional 5,585 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in FuelCell Energy during the 4th quarter worth about $99,000. Institutional investors and hedge funds own 42.78% of the company's stock.
About FuelCell Energy
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Get Free ReportFuelCell 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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