FuelCell Energy, Inc. (NASDAQ:FCEL) Given Consensus Recommendation of “Reduce” by Analysts

FuelCell Energy, Inc. (NASDAQ:FCEL) has received a consensus rating of “Reduce” from the six ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $10.23.

A number of brokerages recently weighed in on FCEL. Jefferies Financial Group decreased their price objective on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a report on Friday, December 20th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $12.00 price target on shares of FuelCell Energy in a research note on Friday, December 20th. UBS Group decreased their price target on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. StockNews.com began coverage on FuelCell Energy in a research note on Tuesday, November 12th. They issued a “sell” rating on the stock. Finally, TD Cowen lifted their price target on FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, December 20th.

Institutional Investors Weigh In On FuelCell Energy

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of FuelCell Energy by 13.9% in the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company’s stock worth $4,567,000 after purchasing an additional 1,466,442 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of FuelCell Energy by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,977,835 shares of the energy company’s stock worth $1,512,000 after purchasing an additional 216,539 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of FuelCell Energy by 139.6% in the third quarter. Penserra Capital Management LLC now owns 3,716,131 shares of the energy company’s stock worth $1,412,000 after purchasing an additional 2,165,316 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of FuelCell Energy by 4.2% in the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock worth $208,000 after purchasing an additional 22,153 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of FuelCell Energy by 35.8% in the third quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company’s stock worth $207,000 after purchasing an additional 143,786 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors.

FuelCell Energy Stock Up 7.0 %

Shares of NASDAQ FCEL opened at $6.59 on Wednesday. FuelCell Energy has a 52 week low of $5.12 and a 52 week high of $37.20. The business has a 50-day simple moving average of $8.30 and a two-hundred day simple moving average of $9.95. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. The company has a market cap of $139.34 million, a P/E ratio of -0.83 and a beta of 3.71.

About FuelCell Energy

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.