Jefferies Financial Group Issues Pessimistic Forecast for FuelCell Energy (NASDAQ:FCEL) Stock Price

FuelCell Energy (NASDAQ:FCEL) had its price target decreased by stock analysts at Jefferies Financial Group from $15.00 to $8.40 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the energy company’s stock. Jefferies Financial Group’s price objective would indicate a potential downside of 19.39% from the stock’s current price.

FCEL has been the subject of several other research reports. Wells Fargo & Company cut their price target on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a report on Wednesday, November 13th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $12.00 target price on shares of FuelCell Energy in a report on Friday. UBS Group lowered their price target on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. TD Cowen raised their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday. Finally, StockNews.com initiated coverage on FuelCell Energy in a research report on Tuesday, November 12th. They issued a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.23.

FuelCell Energy Trading Up 11.7 %

Shares of NASDAQ:FCEL opened at $10.42 on Friday. FuelCell Energy has a 52-week low of $5.45 and a 52-week high of $55.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.97 and a current ratio of 6.91. The company has a market capitalization of $192.93 million, a P/E ratio of -1.33 and a beta of 3.64. The company has a 50-day simple moving average of $9.79 and a 200 day simple moving average of $14.04.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FCEL. SG Americas Securities LLC grew its position in FuelCell Energy by 156.6% during the third quarter. SG Americas Securities LLC now owns 4,708,109 shares of the energy company’s stock worth $1,789,000 after buying an additional 2,873,171 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of FuelCell Energy by 139.6% during 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 during the period. Geode Capital Management LLC grew its holdings in shares of FuelCell Energy by 13.9% during the 3rd quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company’s stock worth $4,567,000 after purchasing an additional 1,466,442 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of FuelCell Energy by 43.8% in 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 during the period. Finally, Inspire Investing LLC raised its stake in FuelCell Energy by 90.3% in the second quarter. Inspire Investing LLC now owns 565,014 shares of the energy company’s stock valued at $361,000 after purchasing an additional 268,126 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

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.