Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have been given a consensus recommendation of "Reduce" by the six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $9.86.
Separately, B. Riley dropped 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 report on Friday, June 13th.
Get Our Latest Stock Report on FuelCell Energy
FuelCell Energy Trading Down 5.3%
FCEL opened at $5.21 on Tuesday. The company's 50 day moving average price is $5.23 and its two-hundred day moving average price is $6.34. 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 has a fifty-two week low of $3.58 and a fifty-two week high of $21.60. The firm has a market capitalization of $118.74 million, a price-to-earnings ratio of -0.69 and a beta of 4.09.
FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted 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 firm had revenue of $37.41 million during the quarter, compared to the consensus estimate of $32.42 million. During the same period in the prior year, the company posted ($2.10) earnings per share. As a group, research analysts predict that FuelCell Energy will post -6.11 earnings per share for the current year.
Institutional Trading of FuelCell Energy
Several institutional investors have recently made changes to their positions in FCEL. Canada Pension Plan Investment Board bought a new position in FuelCell Energy during the fourth quarter valued at about $30,000. Rhumbline Advisers grew its position in FuelCell Energy by 21.1% during the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company's stock valued at $147,000 after buying an additional 5,585 shares during the period. Banque Cantonale Vaudoise bought a new position in FuelCell Energy during the first quarter valued at about $26,000. Bank of New York Mellon Corp grew its position in FuelCell Energy by 18.6% during the first quarter. Bank of New York Mellon Corp now owns 51,764 shares of the energy company's stock valued at $238,000 after buying an additional 8,121 shares during the period. Finally, GAMMA Investing LLC grew its position in FuelCell Energy by 451.5% during the first quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company's stock valued at $57,000 after buying an additional 10,150 shares during the period. Institutional investors own 42.78% of the company's stock.
FuelCell Energy Company Profile
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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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