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

Key Points

• Analysts give FuelCell Energy a consensus rating of "Reduce" from nine firms (2 sell, 7 hold) with an average 12‑month price target of $8.24.
• In the most recent quarter FCEL reported EPS of -$0.52 (beating the -$0.68 estimate) but missed revenue at $30.5M versus $42.2M, and reported a negative net margin (~107.5%); analysts project roughly -$6.11 EPS for the year.
• Shares opened at $6.41 with a market cap of about $339.6M and a 12‑month trading range of $3.58–$11.99, while institutional investors own roughly 42.8% of the stock.

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has been given a consensus rating of "Reduce" by the nine research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $8.2417.

FCEL has been the subject of several research analyst reports. KeyCorp restated a "sector weight" rating on shares of FuelCell Energy in a research note on Friday, December 19th. Zacks Research lowered FuelCell Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 16th. TD Cowen upped their price target on FuelCell Energy from $7.00 to $9.00 and gave the stock a "hold" rating in a research note on Friday, December 19th. Wells Fargo & Company dropped their price target on FuelCell Energy from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group set a $7.20 price target on FuelCell Energy and gave the stock a "hold" rating in a research note on Tuesday, March 10th.

Institutional Investors Weigh In On FuelCell Energy

Large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in shares of FuelCell Energy in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of FuelCell Energy by 1,316.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company's stock valued at $59,000 after buying an additional 7,080 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of FuelCell Energy in the third quarter valued at about $80,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of FuelCell Energy in the fourth quarter valued at about $78,000. Finally, Franklin Resources Inc. acquired a new stake in shares of FuelCell Energy in the fourth quarter valued at about $84,000. Institutional investors and hedge funds own 42.78% of the company's stock.

FuelCell Energy Stock Performance

Shares of NASDAQ:FCEL opened at $6.41 on Thursday. The firm has a market capitalization of $339.60 million, a PE ratio of -0.93 and a beta of 1.41. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.96 and a quick ratio of 6.51. The business has a 50-day moving average of $7.30 and a two-hundred day moving average of $7.90. FuelCell Energy has a 12 month low of $3.58 and a 12 month high of $11.99.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its quarterly earnings results on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.16. The company had revenue of $30.53 million during the quarter, compared to analyst estimates of $42.22 million. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%. As a group, research analysts forecast that FuelCell Energy will post -6.11 earnings per share for the current year.

About FuelCell Energy

FuelCell Energy, Inc NASDAQ: FCEL is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.

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