FuelCell Energy, Inc. (FCEL) Receives Average Recommendation of “Hold” from Analysts

FuelCell Energy, Inc. (NASDAQ:FCEL) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $1.75.

Several equities analysts recently commented on FCEL shares. Zacks Investment Research cut shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. ValuEngine lowered shares of FuelCell Energy from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Cowen and Company lowered their price objective on shares of FuelCell Energy from $2.50 to $2.00 and set an “outperform” rating for the company in a report on Friday, June 9th. Finally, Raymond James Financial, Inc. began coverage on shares of FuelCell Energy in a report on Tuesday, August 15th. They issued a “market perform” rating for the company.

Shares of FuelCell Energy (FCEL) traded down 1.97% on Friday, reaching $1.49. 797,426 shares of the company were exchanged. The firm’s market capitalization is $88.76 million. FuelCell Energy has a 12-month low of $0.80 and a 12-month high of $5.67. The company’s 50 day moving average is $1.50 and its 200 day moving average is $1.36.

FuelCell Energy (NASDAQ:FCEL) last posted its earnings results on Thursday, September 7th. The energy company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.23) by $0.08. The business had revenue of $10.36 million during the quarter, compared to analysts’ expectations of $16.78 million. FuelCell Energy had a negative return on equity of 51.88% and a negative net margin of 78.60%. FuelCell Energy’s revenue for the quarter was down 52.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.38) EPS. Analysts forecast that FuelCell Energy will post ($1.14) earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Robecosam AG lifted its stake in FuelCell Energy by 35.7% during the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock valued at $1,226,000 after acquiring an additional 250,000 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of FuelCell Energy by 90.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after purchasing an additional 65,392 shares during the period. Vanguard Group Inc. lifted its stake in shares of FuelCell Energy by 99.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after purchasing an additional 946,548 shares during the period. CNA Financial Corp lifted its stake in shares of FuelCell Energy by 300.0% in the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock worth $257,000 after purchasing an additional 155,367 shares during the period. Finally, LMR Partners LLP bought a new position in shares of FuelCell Energy in the 2nd quarter worth approximately $142,000. Institutional investors and hedge funds own 14.43% of the company’s stock.

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FuelCell Energy Company Profile

Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.

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