FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been given an average rating of “Hold” by the nine brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $22.8333.

A number of brokerages recently commented on FCEL. Jefferies Financial Group raised FuelCell Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from $16.00 to $24.00 in a research report on Friday, June 26th. UBS Group upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $22.00 to $27.00 in a report on Tuesday. Canaccord Genuity Group increased their target price on FuelCell Energy from $12.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. TD Cowen reissued a “hold” rating and issued a $16.00 price target (up from $9.00) on shares of FuelCell Energy in a research report on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 13th.

Insiders Place Their Bets

In other FuelCell Energy news, EVP Shankar Achanta sold 2,500 shares of the company’s stock in a transaction on Monday, July 6th. The stock was 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 owned 2,618 shares in the company, valued at $75,162.78. This represents a 48.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.46% of the company’s stock.

Institutional Trading of FuelCell Energy

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new stake in FuelCell Energy in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its position 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 valued at $59,000 after acquiring an additional 7,080 shares during the period. KMG Fiduciary Partners LLC bought a new position in shares of FuelCell Energy during the 2nd quarter valued at approximately $324,000. Doliver Advisors LP purchased a new stake in shares of FuelCell Energy during the 2nd quarter worth approximately $360,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new stake in shares of FuelCell Energy during the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $18.50 on Friday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.82 and a beta of 2.31. FuelCell Energy has a 52-week low of $3.78 and a 52-week high of $37.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.20 and a current ratio of 8.59. The stock’s 50 day moving average price is $22.03 and its two-hundred day moving average price is $13.00.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share (EPS) 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 company had revenue of $35.59 million for the quarter, compared to the consensus estimate of $40.47 million. During the same period in the prior year, the company earned ($1.79) earnings per share. On average, equities analysts predict that FuelCell Energy will post -1.84 earnings per share for the current year.

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.