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

Key Points

• FuelCell Energy, Inc. has received a consensus rating of "Reduce" from six analysts, with one analyst recommending a sell and five a hold.
• The average 12-month price target for FuelCell Energy is $8.7750, reflecting a downward revision from B. Riley's recent update reducing their target to $8.00.
• In the latest quarterly earnings report, FuelCell Energy missed expectations by reporting an EPS of ($3.78), compared to the consensus estimate of ($1.59).

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has been given a consensus rating of "Reduce" by the six research firms that are currently covering the stock, 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.7750.

Several brokerages have commented on FCEL. Canaccord Genuity Group reiterated a "hold" rating and issued a $12.00 price target on shares of FuelCell Energy in a research note on Monday, September 15th. B. Riley decreased their price target on shares of FuelCell Energy from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, June 13th. Finally, UBS Group upped their target price on shares of FuelCell Energy from $4.50 to $7.25 and gave the company a "neutral" rating in a research report on Wednesday, September 17th.

Hedge Funds Weigh In On FuelCell Energy

Several hedge funds have recently added to or reduced their stakes in FCEL. Banque Cantonale Vaudoise bought a new position in shares of FuelCell Energy during the first quarter valued at approximately $26,000. MinichMacGregor Wealth Management LLC bought a new position in shares of FuelCell Energy during the second quarter valued at approximately $56,000. 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 bought a new position in shares of FuelCell Energy during the fourth quarter valued at approximately $99,000. Finally, Bank of America Corp DE boosted its stake in shares of FuelCell Energy by 31.9% during the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company's stock valued at $103,000 after purchasing an additional 4,435 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Price Performance

FCEL stock traded down $0.62 during mid-day trading on Friday, hitting $8.98. The company had a trading volume of 5,401,283 shares, compared to its average volume of 1,602,100. The company has a market capitalization of $290.03 million, a price-to-earnings ratio of -0.98 and a beta of 4.14. FuelCell Energy has a 12-month low of $3.58 and a 12-month high of $13.98. The company has a quick ratio of 3.85, a current ratio of 5.37 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $5.09 and a 200 day moving average price of $5.04.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 9th. The energy company reported ($3.78) EPS for the quarter, missing the consensus estimate of ($1.59) by ($2.19). The company had revenue of $46.74 million during the quarter, compared to analysts' expectations of $48.30 million. FuelCell Energy had a negative return on equity of 20.53% and a negative net margin of 130.81%.During the same quarter in the previous year, the firm earned ($1.94) EPS. On average, research analysts anticipate that FuelCell Energy will post -6.11 earnings per share for the current 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.