FuelCell Energy (NASDAQ:FCEL) Stock Rating Lowered by Wall Street Zen

FuelCell Energy (NASDAQ:FCEL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Other research analysts also recently issued research reports about the company. UBS Group upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $22.00 to $27.00 in a report on Tuesday, July 14th. TD Cowen reissued a “hold” rating and set a $16.00 price objective (up from $9.00) on shares of FuelCell Energy in a research report on Tuesday, June 9th. Wells Fargo & Company increased their price objective on shares of FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, June 16th. Jefferies Financial Group raised shares of FuelCell Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $16.00 to $24.00 in a report on Friday, June 26th. Finally, Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.83.

FuelCell Energy Trading Down 2.9%

Shares of FCEL stock opened at $19.83 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of -3.02 and a beta of 2.38. 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 business’s fifty day moving average is $21.94 and its 200 day moving average is $14.54. FuelCell Energy has a 52-week low of $3.78 and a 52-week high of $37.88.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($1.05). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The business had revenue of $35.59 million for the quarter, compared to the consensus estimate of $40.47 million. During the same quarter last year, the business posted ($1.79) EPS. On average, equities research analysts anticipate that FuelCell Energy will post -1.73 EPS for the current fiscal year.

Insider Activity at FuelCell Energy

In other news, EVP Shankar Achanta sold 2,500 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $28.71, for a total transaction 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. This represents a 48.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.46% of the company’s stock.

Institutional Trading of FuelCell Energy

Several hedge funds have recently made changes to their positions in FCEL. Kestra Advisory Services LLC purchased a new position in FuelCell Energy in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd increased its position in FuelCell Energy by 1,316.0% during 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 acquiring an additional 7,080 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of FuelCell Energy in the 4th quarter worth about $78,000. Franklin Resources Inc. purchased a new position in shares of FuelCell Energy during the 4th quarter worth about $84,000. Finally, Optiver Holding B.V. purchased a new stake in FuelCell Energy in the 1st quarter worth about $88,000. 42.78% of the stock is currently owned by hedge funds and other 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.