Analysts Set FuelCell Energy, Inc. (NASDAQ:FCEL) Target Price at $15.04

FuelCell Energy, Inc. (NASDAQ:FCEL) has been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.00.

Several brokerages recently weighed in on FCEL. Wall Street Zen downgraded FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. TD Cowen restated a “hold” rating and set a $16.00 target price (up from $9.00) on shares of FuelCell Energy in a research note on Tuesday, June 9th. B. Riley Financial upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $32.00 in a research note on Monday. Wells Fargo & Company boosted their target price on FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group upgraded FuelCell Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $24.00 in a research note on Friday.

FuelCell Energy News Roundup

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: FuelCell Energy secured a $49 million EXIM financing package to support delivery of five fuel cell blocks to Gyeonggi Green Energy in South Korea, providing about $22 million in near-term net proceeds and non-dilutive capital for growth. Article Title
• Positive Sentiment: Investors are also reacting to the fact that the EXIM-backed deal validates FuelCell’s export strategy and gives it more flexibility to scale manufacturing, pursue overseas opportunities, and target power-demand markets like AI factories and data centers. Article Title
• Positive Sentiment: Analysts turned more constructive, with Jefferies upgrading FCEL to Buy and B. Riley also lifting its rating, citing the project win as important to the investment case and signaling higher valuation expectations. Article Title
• Positive Sentiment: Momentum in the broader hydrogen/fuel-cell sector is also helping, with FCEL outperforming peers like Plug Power and Bloom Energy as the group rallies. Article Title

FuelCell Energy Trading Up 24.2%

Shares of NASDAQ:FCEL opened at $29.80 on Tuesday. FuelCell Energy has a 12-month low of $3.78 and a 12-month high of $30.80. The business’s fifty day simple moving average is $18.38 and its 200-day simple moving average is $11.47. The company has a market capitalization of $2.01 billion, a PE ratio of -4.54 and a beta of 2.42. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18.

FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.01). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The company had revenue of $35.59 million during the quarter, compared to analysts’ expectations of $40.47 million. During the same quarter in the prior year, the business posted ($1.79) earnings per share. As a group, equities research analysts predict that FuelCell Energy will post -1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in FuelCell Energy during the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its stake in FuelCell Energy by 1,316.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after buying an additional 7,080 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in FuelCell Energy during the 4th quarter worth $78,000. Franklin Resources Inc. purchased a new position in FuelCell Energy during the 4th quarter worth $84,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in FuelCell Energy during the 4th quarter valued at about $91,000. 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.