Analysts Set FuelCell Energy, Inc. (NASDAQ:FCEL) Price Target at $10.03

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has been given an average recommendation of "Reduce" by the six brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $10.03.

Separately, B. Riley cut their price target on FuelCell Energy from $12.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th.

Hedge Funds Weigh In On FuelCell Energy

A number of large investors have recently modified their holdings of FCEL. JPMorgan Chase & Co. lifted its holdings in shares of FuelCell Energy by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock worth $207,000 after purchasing an additional 143,786 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of FuelCell Energy in the 4th quarter worth $112,000. Aristides Capital LLC bought a new position in shares of FuelCell Energy in the 4th quarter worth $170,000. Federated Hermes Inc. bought a new position in shares of FuelCell Energy in the 4th quarter worth $1,357,000. Finally, Marshall Wace LLP bought a new position in shares of FuelCell Energy in the 4th quarter worth $860,000. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Trading Up 19.7%

NASDAQ:FCEL traded up $0.90 on Monday, reaching $5.48. 3,138,130 shares of the stock traded hands, compared to its average volume of 1,251,774. The firm has a market capitalization of $124.48 million, a price-to-earnings ratio of -0.69 and a beta of 4.08. The company's 50 day moving average is $4.30 and its 200-day moving average is $7.17. The company has a current ratio of 6.01, a quick ratio of 4.48 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 $30.90.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.52) by $0.10. The firm had revenue of $19.00 million for the quarter, compared to analysts' expectations of $35.37 million. FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. During the same period in the prior year, the business earned ($1.25) EPS. Equities research analysts anticipate 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.