FuelCell Energy (NASDAQ:FCEL) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of FuelCell Energy (NASDAQ:FCEL) in a research note released on Tuesday morning. The brokerage issued a sell rating on the energy company’s stock.

Other equities analysts also recently issued reports about the stock. UBS Group reduced their target price on shares of FuelCell Energy from $40.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Canaccord Genuity Group reduced their target price on FuelCell Energy from $45.00 to $37.50 and set a “hold” rating on the stock in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.17.

FuelCell Energy Price Performance

NASDAQ FCEL traded up $0.32 during trading hours on Tuesday, hitting $7.33. 8,161,974 shares of the company’s stock traded hands, compared to its average volume of 1,096,629. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97. The firm’s 50-day moving average is $10.86 and its 200-day moving average is $16.81. FuelCell Energy has a 52-week low of $5.45 and a 52-week high of $55.20. The company has a market capitalization of $135.71 million, a PE ratio of -1.08 and a beta of 3.91.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Thursday, September 5th. The energy company reported ($2.10) EPS for the quarter, meeting the consensus estimate of ($2.10). The firm had revenue of $23.70 million during the quarter, compared to analysts’ expectations of $23.22 million. FuelCell Energy had a negative return on equity of 17.02% and a negative net margin of 135.76%. During the same quarter last year, the firm earned ($1.80) earnings per share. Equities analysts forecast that FuelCell Energy will post -7.21 EPS for the current fiscal year.

Institutional Trading of FuelCell Energy

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in shares of FuelCell Energy by 156.6% in the third quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company’s stock valued at $1,789,000 after buying an additional 2,873,171 shares in the last quarter. Penserra Capital Management LLC grew its position in FuelCell Energy by 139.6% in the 3rd quarter. Penserra Capital Management LLC now owns 3,716,131 shares of the energy company’s stock valued at $1,412,000 after acquiring an additional 2,165,316 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in FuelCell Energy by 66.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,443,666 shares of the energy company’s stock worth $1,718,000 after purchasing an additional 574,042 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of FuelCell Energy by 43.8% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,268,856 shares of the energy company’s stock worth $811,000 after purchasing an additional 386,751 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of FuelCell Energy in the first quarter valued at approximately $353,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

About FuelCell Energy

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.