Brokerages Set FuelCell Energy, Inc. (NASDAQ:FCEL) PT at $10.03

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

Separately, B. Riley dropped 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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new stake in shares of FuelCell Energy during the 4th quarter valued at about $30,000. Rhumbline Advisers lifted its stake in FuelCell Energy by 21.1% in the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company's stock worth $147,000 after purchasing an additional 5,585 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of FuelCell Energy by 451.5% during 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. Squarepoint Ops LLC acquired a new position in FuelCell Energy during the 4th quarter valued at approximately $99,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of FuelCell Energy during the 4th quarter valued at about $112,000. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Trading Down 1.6 %

Shares of NASDAQ:FCEL traded down $0.07 during trading on Thursday, reaching $3.98. 131,168 shares of the stock were exchanged, compared to its average volume of 1,313,672. The firm has a market cap of $84.05 million, a price-to-earnings ratio of -0.49 and a beta of 3.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.48 and a current ratio of 6.01. FuelCell Energy has a 12-month low of $3.67 and a 12-month high of $30.90. The firm's 50-day moving average price is $5.08 and its 200 day moving average price is $7.94.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its earnings results on Tuesday, March 11th. The energy company reported ($1.42) EPS for the quarter, beating the consensus estimate 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 net margin of 113.09% and a negative return on equity of 18.58%. During the same quarter last year, the company earned ($1.25) EPS. On average, sell-side analysts anticipate that FuelCell Energy will post -6.11 earnings per share 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.