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

Key Points

• Consensus "Reduce": Nine analysts covering FuelCell Energy give an average recommendation of Reduce (2 sell, 7 hold) with a 12‑month average price target of about $8.24.
• Mixed quarterly results: the company beat EPS expectations (reported ($0.52) vs. est. ($0.68)) but missed revenue ($30.53M vs. est. $42.22M) and remains unprofitable with a negative net margin and ROE, while analysts forecast about -2.18 EPS for the fiscal year.
• Shares trade well above analyst targets: FCEL opened around $13.32, notably higher than the consensus target, and several brokers have recently cut targets or downgraded the stock (e.g., Wells Fargo lowered its target to $6 and set an "underweight").

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) has earned an average rating of "Reduce" from the nine analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.2417.

A number of research analysts have recently commented on FCEL shares. Wells Fargo & Company lowered their target price on FuelCell Energy from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Tuesday, March 10th. Wall Street Zen downgraded FuelCell Energy from a "hold" rating to a "sell" rating in a research report on Friday, January 23rd. Zacks Research downgraded FuelCell Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. Jefferies Financial Group set a $7.20 price target on FuelCell Energy and gave the stock a "hold" rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings upgraded FuelCell Energy from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, April 22nd.

FuelCell Energy Stock Up 0.1%

NASDAQ FCEL opened at $13.32 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 6.51 and a current ratio of 7.96. The company has a market capitalization of $705.64 million, a P/E ratio of -1.93 and a beta of 2.22. FuelCell Energy has a one year low of $3.58 and a one year high of $14.30. The stock has a 50 day moving average price of $7.92 and a 200-day moving average price of $7.89.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last posted its earnings results on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, beating analysts' consensus estimates of ($0.68) by $0.16. The firm had revenue of $30.53 million during the quarter, compared to the consensus estimate 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, equities analysts predict that FuelCell Energy will post -2.18 EPS for the current fiscal year.

Institutional Trading of FuelCell Energy

A number of institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in FuelCell Energy in the fourth quarter worth $29,000. Bank of America Corp DE lifted its position in FuelCell Energy by 31.9% in the second quarter. Bank of America Corp DE now owns 18,351 shares of the energy company's stock worth $103,000 after buying an additional 4,435 shares during the last quarter. Rhumbline Advisers lifted its position 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 buying an additional 5,585 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in 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 worth $59,000 after buying an additional 7,080 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in FuelCell Energy in the third quarter worth $80,000. 42.78% of the stock is currently owned by institutional investors.

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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