FuelCell Energy, Inc. (NASDAQ:FCEL) Receives $9.86 Average Target Price 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.

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have earned an average rating of "Reduce" from the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price target among brokers 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 for the company in a research report on Friday, June 13th.

FuelCell Energy Price Performance

NASDAQ:FCEL traded down $0.14 during trading hours on Wednesday, hitting $4.20. The company's stock had a trading volume of 956,124 shares, compared to its average volume of 1,371,225. The business's 50-day moving average is $4.91 and its two-hundred day moving average is $5.10. The company has a market capitalization of $95.72 million, a PE ratio of -0.56 and a beta of 4.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.82 and a current ratio of 5.62. FuelCell Energy has a 52-week low of $3.58 and a 52-week 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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.51) by ($0.28). The business 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 in the previous year, the company posted ($2.10) EPS. As a group, research analysts anticipate that FuelCell Energy will post -6.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in 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 purchasing an additional 16,440 shares during the last quarter. Engineers Gate Manager LP grew its holdings in FuelCell Energy by 128.8% in the second quarter. Engineers Gate Manager LP now owns 40,277 shares of the energy company's stock valued at $226,000 after purchasing an additional 22,672 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in FuelCell Energy in the second quarter valued at $216,000. Bank of America Corp DE grew its holdings in 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 purchasing an additional 4,435 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in FuelCell Energy by 6.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company's stock valued at $1,877,000 after purchasing an additional 19,857 shares during the last quarter. Hedge funds and other institutional investors own 42.78% of the company's stock.

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.