Analysts Set FuelCell Energy, Inc. (NASDAQ:FCEL) Price Target at $9.86

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has received an average recommendation of "Reduce" from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $9.86.

Separately, B. Riley dropped their price objective on FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FCEL. Marshall Wace LLP purchased a new stake in FuelCell Energy in the fourth quarter valued at approximately $860,000. Federated Hermes Inc. acquired a new position in shares of FuelCell Energy during the fourth quarter worth $1,357,000. Squarepoint Ops LLC acquired a new position in FuelCell Energy in the fourth quarter valued at $99,000. Canada Pension Plan Investment Board acquired a new position in FuelCell Energy in the fourth quarter valued at $30,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of FuelCell Energy during the fourth quarter worth about $444,000. 42.78% of the stock is currently owned by institutional investors and hedge funds.

FuelCell Energy Stock Performance

Shares of FCEL traded down $0.29 during trading hours on Friday, hitting $6.03. The stock had a trading volume of 865,873 shares, compared to its average volume of 1,282,286. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.01 and a quick ratio of 4.48. FuelCell Energy has a 12 month low of $3.58 and a 12 month high of $26.64. The firm has a market capitalization of $137.43 million, a PE ratio of -0.76 and a beta of 4.12. The stock has a fifty day moving average price of $4.64 and a 200 day moving average price of $6.98.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last issued its quarterly earnings data on Friday, June 6th. The energy company reported ($1.79) EPS for the quarter, missing the consensus estimate of ($1.51) by ($0.28). FuelCell Energy had a negative return on equity of 18.58% and a negative net margin of 113.09%. The firm had revenue of $37.41 million during the quarter, compared to the consensus estimate of $32.42 million. During the same period in the previous year, the firm earned ($2.10) EPS. Analysts anticipate that FuelCell Energy will post -6.11 EPS for the current year.

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.