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

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have been given an average rating of "Reduce" by the six research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.86.

Separately, B. Riley lowered their price target on FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday.

FuelCell Energy Stock Performance

Shares of NASDAQ FCEL traded up $0.91 during midday trading on Friday, hitting $6.94. 2,417,014 shares of the company's stock were exchanged, compared to its average volume of 1,287,532. 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 12 month low of $3.58 and a 12 month high of $24.90. The company's 50 day moving average price is $4.70 and its 200 day moving average price is $6.89. The firm has a market capitalization of $158.17 million, a PE ratio of -0.88 and a beta of 4.12.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $37.41 million during the quarter, compared to the consensus estimate of $32.42 million. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. During the same quarter last year, the firm earned ($2.10) earnings per share. As a group, analysts predict that FuelCell Energy will post -6.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCEL. Canada Pension Plan Investment Board purchased a new stake in shares of FuelCell Energy in the fourth quarter worth approximately $30,000. Banque Cantonale Vaudoise purchased a new stake in FuelCell Energy in the first quarter worth $26,000. Squarepoint Ops LLC purchased a new stake in FuelCell Energy in the fourth quarter worth $99,000. ExodusPoint Capital Management LP purchased a new position in shares of FuelCell Energy in the fourth quarter valued at $112,000. Finally, GAMMA Investing LLC grew its position in shares of FuelCell Energy by 451.5% in the first quarter. GAMMA Investing LLC now owns 12,398 shares of the energy company's stock valued at $57,000 after purchasing an additional 10,150 shares in the last quarter. 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.