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

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have earned a consensus recommendation of “Reduce” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $10.23.

FCEL has been the subject of a number of research reports. StockNews.com initiated coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They issued a “sell” rating for the company. TD Cowen lifted their target price on FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Wells Fargo & Company cut their price target on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a report on Wednesday, November 13th. Canaccord Genuity Group reissued a “hold” rating and set a $12.00 price objective on shares of FuelCell Energy in a report on Friday, December 20th. Finally, UBS Group cut their target price on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd.

FuelCell Energy Stock Up 0.6 %

FCEL opened at $7.85 on Friday. The business has a 50 day moving average of $9.56 and a 200-day moving average of $10.78. The stock has a market capitalization of $160.53 million, a price-to-earnings ratio of -0.99 and a beta of 3.36. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. FuelCell Energy has a 1-year low of $5.45 and a 1-year high of $43.20.

Institutional Trading of FuelCell Energy

Large investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC lifted its holdings in shares of FuelCell Energy by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after acquiring an additional 5,150 shares during the period. Algert Global LLC bought a new position in FuelCell Energy during the 2nd quarter valued at about $29,000. Canada Pension Plan Investment Board bought a new stake in FuelCell Energy during the fourth quarter worth about $30,000. AQR Capital Management LLC increased its holdings in shares of FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after buying an additional 26,223 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of FuelCell Energy by 21,285.7% in the third quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock valued at $43,000 after acquiring an additional 111,750 shares during the last quarter. 42.78% of the stock is currently owned by institutional investors.

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.