FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Average Rating of "Hold" from Analysts

Key Points

• FuelCell Energy, Inc. has received an average rating of "Hold" from analysts, with two sell recommendations, five hold ratings, and one strong buy.
• The company's shares have fluctuated between a 12-month low of $3.58 and a high of $13.98, with a current market cap of approximately $345.83 million.
• In its most recent earnings report, FuelCell Energy reported an earnings per share of ($3.78), missing the consensus estimate by ($2.19).

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has been assigned an average recommendation of "Hold" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $8.7750.

Several analysts recently weighed in on the company. Zacks Research upgraded FuelCell Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Weiss Ratings reiterated a "sell (e+)" rating on shares of FuelCell Energy in a research report on Wednesday, October 8th. UBS Group increased their target price on FuelCell Energy from $4.50 to $7.25 and gave the company a "neutral" rating in a research report on Wednesday, September 17th. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $12.00 target price on shares of FuelCell Energy in a research report on Monday, September 15th.

FuelCell Energy Price Performance

Shares of FCEL stock opened at $10.71 on Thursday. The company has a quick ratio of 3.85, a current ratio of 5.37 and a debt-to-equity ratio of 0.21. FuelCell Energy has a twelve month low of $3.58 and a twelve month high of $13.98. The company has a market cap of $345.83 million, a P/E ratio of -1.16 and a beta of 4.25. The business has a fifty day simple moving average of $6.53 and a 200 day simple moving average of $5.49.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The energy company reported ($3.78) earnings per share for the quarter, missing the consensus estimate of ($1.59) by ($2.19). FuelCell Energy had a negative return on equity of 20.53% and a negative net margin of 130.81%.The business had revenue of $46.74 million for the quarter, compared to the consensus estimate of $48.30 million. During the same quarter in the prior year, the company earned ($1.94) earnings per share. On average, sell-side analysts forecast that FuelCell Energy will post -6.11 EPS for the current fiscal year.

Hedge Funds Weigh In On FuelCell Energy

Large investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in FuelCell Energy in the first quarter valued at about $26,000. MinichMacGregor Wealth Management LLC bought a new position in FuelCell Energy in the second quarter valued at about $56,000. GAMMA Investing LLC increased its stake in shares of FuelCell Energy by 451.5% in 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. Bank of America Corp DE increased its stake in shares of FuelCell Energy by 31.9% in the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company's stock valued at $103,000 after buying an additional 4,435 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of FuelCell Energy by 638.2% in the second quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company's stock valued at $107,000 after buying an additional 16,440 shares during the period. 42.78% of the stock is currently owned by institutional investors.

About FuelCell Energy

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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