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

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been given an average rating of “Reduce” by the nine ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $8.2417.

Several research analysts have commented on the company. Wells Fargo & Company reduced their price objective on FuelCell Energy from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Tuesday, March 10th. Jefferies Financial Group set a $7.20 price objective on FuelCell Energy and gave the stock a “hold” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings upgraded FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th.

FuelCell Energy Trading Down 1.9%

FCEL opened at $21.40 on Friday. The stock’s fifty day moving average is $13.71 and its two-hundred day moving average is $9.85. The company has a market capitalization of $1.13 billion, a P/E ratio of -3.10 and a beta of 2.42. FuelCell Energy has a 52 week low of $3.78 and a 52 week high of $27.69. The company has a quick ratio of 6.51, a current ratio of 7.96 and a debt-to-equity ratio of 0.19.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Monday, March 9th. The energy company reported ($0.52) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.16. The company had revenue of $30.53 million for the quarter, compared to the consensus estimate of $42.22 million. FuelCell Energy had a negative return on equity of 17.76% and a negative net margin of 107.51%. Analysts forecast that FuelCell Energy will post -2.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FCEL. Legal & General Group Plc bought a new stake in FuelCell Energy during the 4th quarter valued at $21,149,000. CenterBook Partners LP bought a new stake in FuelCell Energy during the 4th quarter valued at $9,348,000. Two Sigma Investments LP bought a new stake in FuelCell Energy during the 3rd quarter valued at $5,348,000. Invesco Ltd. boosted its position in FuelCell Energy by 75.4% during the 4th quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after acquiring an additional 647,151 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in FuelCell Energy by 162.3% during the 4th quarter. Trexquant Investment LP now owns 894,800 shares of the energy company’s stock valued at $6,541,000 after acquiring an additional 553,660 shares in the last quarter. 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.