FuelCell Energy (NASDAQ:FCEL) Stock Price Expected to Rise, UBS Group Analyst Says

FuelCell Energy (NASDAQ:FCELGet Free Report) had its target price raised by research analysts at UBS Group from $7.25 to $22.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the energy company’s stock. UBS Group’s price objective points to a potential downside of 6.73% from the stock’s current price.

Several other equities research analysts have also issued reports on the stock. B. Riley Financial increased their price objective on shares of FuelCell Energy from $8.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. Jefferies Financial Group raised FuelCell Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $16.00 to $24.00 in a research report on Friday. KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a report on Tuesday, June 9th. Finally, Wells Fargo & Company increased their price objective on shares of FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.83.

Read Our Latest Stock Analysis on FuelCell Energy

FuelCell Energy Trading Up 20.0%

Shares of NASDAQ:FCEL traded up $3.94 during midday trading on Friday, reaching $23.59. The company’s stock had a trading volume of 16,598,715 shares, compared to its average volume of 5,759,316. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -3.64 and a beta of 2.42. The business has a 50 day moving average price of $17.60 and a 200 day moving average price of $11.21. FuelCell Energy has a 1 year low of $3.78 and a 1 year high of $27.69. The company has a quick ratio of 7.20, a current ratio of 8.59 and a debt-to-equity ratio of 0.18.

FuelCell Energy (NASDAQ:FCELGet Free Report) last posted its quarterly earnings results on Monday, June 8th. The energy company reported ($0.53) EPS for the quarter, missing the consensus estimate 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 business had revenue of $35.59 million during the quarter, compared to analysts’ expectations of $40.47 million. During the same quarter last year, the firm earned ($1.79) EPS. Research analysts forecast that FuelCell Energy will post -1.84 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new stake in FuelCell Energy during the 1st quarter worth approximately $88,000. Bank of America Corp DE raised its position in shares of FuelCell Energy by 1,298.3% in the first quarter. Bank of America Corp DE now owns 190,724 shares of the energy company’s stock worth $1,245,000 after buying an additional 177,084 shares in the last quarter. Amundi boosted its stake in FuelCell Energy by 118.4% during the first quarter. Amundi now owns 50,947 shares of the energy company’s stock valued at $333,000 after buying an additional 27,621 shares during the period. Entropy Technologies LP grew its position in FuelCell Energy by 28.6% during the first quarter. Entropy Technologies LP now owns 37,519 shares of the energy company’s stock worth $245,000 after buying an additional 8,336 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in FuelCell Energy in the 1st quarter worth about $758,000. Institutional investors own 42.78% of the company’s stock.

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FuelCell Energy Company Profile

(Get Free Report)

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.

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Analyst Recommendations for FuelCell Energy (NASDAQ:FCEL)

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