FuelCell Energy, Inc. (NASDAQ:FCEL) Given Consensus Rating of "Reduce" by Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have received a consensus rating of "Reduce" from the six ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $10.03.

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

Institutional Investors Weigh In On FuelCell Energy

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in FuelCell Energy by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after purchasing an additional 143,786 shares in the last quarter. Federated Hermes Inc. boosted its position in FuelCell Energy by 254.0% in the first quarter. Federated Hermes Inc. now owns 531,615 shares of the energy company's stock worth $2,440,000 after purchasing an additional 381,450 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of FuelCell Energy by 167.6% in the 1st quarter. Penserra Capital Management LLC now owns 195,802 shares of the energy company's stock worth $898,000 after buying an additional 122,638 shares during the last quarter. Marshall Wace LLP purchased a new position in FuelCell Energy in the fourth quarter valued at about $860,000. Finally, Bank of New York Mellon Corp raised its stake in shares of FuelCell Energy by 18.6% in 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. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Price Performance

Shares of NASDAQ:FCEL traded up $0.36 during midday trading on Monday, hitting $4.58. The stock had a trading volume of 1,000,267 shares, compared to its average volume of 1,254,142. The company's 50-day moving average price is $4.33 and its 200-day moving average price is $7.28. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy has a fifty-two week low of $3.58 and a fifty-two week high of $30.90. The company has a market capitalization of $104.03 million, a P/E ratio of -0.58 and a beta of 4.08.

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 for the quarter, beating analysts' consensus estimates of ($1.52) by $0.10. The company had revenue of $19.00 million for the quarter, compared to the consensus estimate of $35.37 million. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. During the same period last year, the company posted ($1.25) EPS. As a group, equities research analysts predict 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.