FuelCell Energy (NASDAQ:FCEL) Sets New 52-Week High - Should You Buy?

Key Points

• FuelCell Energy stock hit a new 52-week high
• Despite the rally, analysts remain bearish: MarketBeat shows a consensus rating of "Reduce" with an average price target of $8.24 and multiple recent downgrades and sub-$8 targets.
• Fundamentals are weak — the company slightly beat EPS expectations (-$0.52 vs. -$0.68) but missed revenue, has negative margins and ROE, and sell-side analysts forecast about -$1.98 EPS for the year.

FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.20 and last traded at $11.1510, with a volume of 1727160 shares. The stock had previously closed at $11.80.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Jefferies Financial Group set a $7.20 price objective on FuelCell Energy and gave the stock a "hold" rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of FuelCell Energy in a report on Monday, December 29th. Wall Street Zen lowered FuelCell Energy from a "hold" rating to a "sell" rating in a report on Friday, January 23rd. Wells Fargo & Company dropped their target price on FuelCell Energy from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Tuesday, March 10th. Finally, Zacks Research lowered FuelCell Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. Seven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, FuelCell Energy presently has a consensus rating of "Reduce" and an average target price of $8.24.

FuelCell Energy Stock Performance

The stock has a market capitalization of $650.28 million, a price-to-earnings ratio of -1.76 and a beta of 1.41. The firm has a fifty day moving average of $7.38 and a 200 day moving average of $7.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.96 and a quick ratio of 6.51.

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, topping the consensus estimate of ($0.68) by $0.16. The firm had revenue of $30.53 million for the quarter, compared to analyst estimates of $42.22 million. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%. On average, sell-side analysts anticipate that FuelCell Energy, Inc. will post -1.98 earnings per share for the current fiscal year.

Institutional Trading of FuelCell Energy

Institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in FuelCell Energy in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd grew its holdings 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 valued at $59,000 after purchasing an additional 7,080 shares during the period. Independent Advisor Alliance acquired a new stake in FuelCell Energy in the third quarter valued at approximately $80,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in FuelCell Energy in the fourth quarter valued at approximately $78,000. Finally, Franklin Resources Inc. acquired a new stake in FuelCell Energy in the fourth quarter valued at approximately $84,000. 42.78% of the stock is 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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