FuelCell Energy, Inc. (NASDAQ:FCEL) Receives Average Recommendation of “Reduce” from Analysts

FuelCell Energy, Inc. (NASDAQ:FCEL) has earned a consensus rating of “Reduce” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $10.03.

Separately, B. Riley dropped their price target on shares of FuelCell Energy from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th.

Hedge Funds Weigh In On FuelCell Energy

Several large investors have recently modified their holdings of the stock. Nuveen LLC bought a new position in shares of FuelCell Energy in the first quarter valued at about $218,000. Banque Cantonale Vaudoise acquired a new position in shares of FuelCell Energy in the first quarter valued at about $26,000. Federated Hermes Inc. grew its stake in shares of FuelCell Energy by 254.0% in the first quarter. Federated Hermes Inc. now owns 531,615 shares of the energy company’s stock valued at $2,440,000 after acquiring an additional 381,450 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of FuelCell Energy by 167.6% in the first quarter. Penserra Capital Management LLC now owns 195,802 shares of the energy company’s stock valued at $898,000 after acquiring an additional 122,638 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of FuelCell Energy by 18.6% in the first quarter. Bank of New York Mellon Corp now owns 51,764 shares of the energy company’s stock valued at $238,000 after acquiring an additional 8,121 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Stock Performance

Shares of FCEL opened at $4.12 on Monday. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $4.45 and a 200 day simple moving average of $7.36. FuelCell Energy has a 12 month low of $3.58 and a 12 month high of $30.90. The stock has a market capitalization of $93.59 million, a price-to-earnings ratio of -0.52 and a beta of 4.08.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Tuesday, March 11th. The energy company reported ($1.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.10. FuelCell Energy had a negative net margin of 113.09% and a negative return on equity of 18.58%. The firm had revenue of $19.00 million for the quarter, compared to analyst estimates of $35.37 million. During the same period in the prior year, the firm posted ($1.25) earnings per share. Research analysts forecast that FuelCell Energy will post -6.11 EPS for the current fiscal year.

FuelCell Energy Company Profile

FuelCell Energy, Inc, together with its subsidiaries, manufactures and sells stationary fuel cell and electrolysis platforms that decarbonize power and produce hydrogen. The company provides various configurations and applications of its platform, including on-site power, utility grid support, and microgrid, as well as distributed hydrogen; solid oxide-based electrolysis; solutions for long duration hydrogen-based energy storage and electrolysis technology; and carbon capture, separation, and utilization systems.