FuelCell Energy (NASDAQ:FCEL) Price Target Lowered to $9.00 at B. Riley

FuelCell Energy (NASDAQ:FCEL) had its price objective decreased by B. Riley from $12.00 to $9.00 in a research note released on Wednesday morning,Benzinga reports. B. Riley currently has a neutral rating on the energy company’s stock.

A number of other research analysts have also weighed in on FCEL. Wells Fargo & Company dropped their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. StockNews.com assumed coverage on shares of FuelCell Energy in a research note on Tuesday, November 12th. They issued a “sell” rating on the stock. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $12.00 price objective on shares of FuelCell Energy in a research note on Friday, December 20th. Jefferies Financial Group dropped their price objective on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, UBS Group dropped their price objective on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.03.

FuelCell Energy Trading Up 4.4 %

NASDAQ:FCEL opened at $6.85 on Wednesday. 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 stock has a market capitalization of $144.84 million, a price-to-earnings ratio of -0.87 and a beta of 3.71. The firm has a fifty day simple moving average of $8.15 and a two-hundred day simple moving average of $9.83. FuelCell Energy has a 12 month low of $5.12 and a 12 month high of $37.20.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Marshall Wace LLP bought a new position in shares of FuelCell Energy during the fourth quarter valued at about $860,000. Canada Pension Plan Investment Board bought a new stake in FuelCell Energy in the fourth quarter worth about $30,000. Federated Hermes Inc. bought a new stake in FuelCell Energy in the fourth quarter worth about $1,357,000. ExodusPoint Capital Management LP bought a new stake in FuelCell Energy in the fourth quarter worth about $112,000. Finally, Aristides Capital LLC bought a new stake in FuelCell Energy in the fourth quarter worth about $170,000. 42.78% of the stock is owned by institutional investors.

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.