FuelCell Energy (NASDAQ:FCEL) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded FuelCell Energy from “hold” to “sell,” although analyst opinions remain mixed. The broader consensus is “hold,” with four buys, three holds, two sells, and an average price target of $22.83.
• FuelCell Energy shares opened at $20.43, with a market capitalization of approximately $1.63 billion and a one-year trading range of $3.78 to $37.88.
• The company reported a quarterly loss of $0.53 per share and revenue of $35.59 million, missing analyst expectations for both measures. An executive vice president also sold 2,500 shares at an average price of $28.71.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

A number of other equities analysts also recently weighed in on the company. TD Cowen reissued a "hold" rating and set a $16.00 price target (up from $9.00) on shares of FuelCell Energy in a research report on Tuesday, June 9th. Jefferies Financial Group upgraded FuelCell Energy from a "hold" rating to a "buy" rating and lifted their target price for the stock from $16.00 to $24.00 in a research note on Friday, June 26th. Weiss Ratings raised shares of FuelCell Energy from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, May 20th. Wells Fargo & Company upped their price objective on shares of FuelCell Energy from $6.00 to $8.00 and gave the company an "underweight" rating in a report on Tuesday, June 16th. Finally, Canaccord Genuity Group increased their price objective on shares of FuelCell Energy from $12.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, FuelCell Energy presently has a consensus rating of "Hold" and an average price target of $22.83.

FuelCell Energy Stock Performance

NASDAQ FCEL opened at $20.43 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of -3.11 and a beta of 2.37. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18. The firm's fifty day moving average price is $21.97 and its two-hundred day moving average price is $14.42. FuelCell Energy has a 1 year low of $3.78 and a 1 year high of $37.88.

FuelCell Energy (NASDAQ:FCEL - Get Free Report) last released its quarterly earnings data on Monday, June 8th. The energy company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of $0.52 by ($1.05). FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.The firm had revenue of $35.59 million for the quarter, compared to analyst estimates of $40.47 million. During the same quarter in the prior year, the firm earned ($1.79) earnings per share. As a group, research analysts anticipate that FuelCell Energy will post -1.73 EPS for the current year.

Insider Buying and Selling

In other news, EVP Shankar Achanta sold 2,500 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the transaction, the executive vice president directly owned 2,618 shares in the company, valued at approximately $75,162.78. The trade was a 48.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in shares of FuelCell Energy in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of FuelCell Energy by 1,316.0% during the 3rd 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 in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of FuelCell Energy during the 4th quarter worth $78,000. Franklin Resources Inc. bought a new stake in shares of FuelCell Energy during the 4th quarter worth $84,000. Finally, Optiver Holding B.V. bought a new stake in shares of FuelCell Energy during the 1st quarter worth $88,000. 42.78% of the stock is currently owned by institutional investors and hedge funds.

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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