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

Key Points

• FuelCell Energy, Inc. has received an average rating of "Reduce" from analysts, with one sell recommendation and five hold recommendations.
• The company's stock price target has been lowered by B. Riley from $9.00 to $8.00, maintaining a "neutral" rating.
• FuelCell Energy reported a loss of $1.79 per share for the last quarter, missing analysts' expectations while achieving revenues of $37.41 million.

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has received an average rating of "Reduce" from the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.8583.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in FuelCell Energy by 638.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 19,016 shares of the energy company's stock worth $107,000 after purchasing an additional 16,440 shares during the last quarter. Engineers Gate Manager LP increased its position in FuelCell Energy by 128.8% in the 2nd quarter. Engineers Gate Manager LP now owns 40,277 shares of the energy company's stock worth $226,000 after purchasing an additional 22,672 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in FuelCell Energy in the 2nd quarter worth about $216,000. Bank of America Corp DE increased its holdings in shares of FuelCell Energy by 31.9% during the 2nd 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FuelCell Energy by 6.3% in the 2nd 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 in the last quarter. 42.78% of the stock is owned by institutional investors and hedge funds.

FuelCell Energy Stock Up 2.6%

Shares of FuelCell Energy stock opened at $4.34 on Wednesday. The stock has a 50-day moving average price of $5.05 and a 200 day moving average price of $5.20. The company has a market cap of $98.91 million, a P/E ratio of -0.58 and a beta of 4.15. 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 issued its earnings results on Friday, June 6th. The energy company reported ($1.79) earnings per share for the quarter, missing the consensus estimate of ($1.51) by ($0.28). FuelCell Energy had a negative return on equity of 21.16% and a negative net margin of 108.52%.The firm had revenue of $37.41 million during the quarter, compared to analyst estimates of $32.42 million. During the same period in the previous year, the company earned ($2.10) earnings per share. As a group, analysts expect that FuelCell Energy will post -6.11 EPS for the current fiscal year.

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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