StockNews.com Begins Coverage on FuelCell Energy (NASDAQ:FCEL)

Equities research analysts at StockNews.com assumed coverage on shares of FuelCell Energy (NASDAQ:FCEL) in a research note issued on Tuesday. The brokerage set a “sell” rating on the energy company’s stock.

Other analysts have also issued reports about the stock. UBS Group cut 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 price objective on shares of FuelCell Energy from $45.00 to $37.50 and set a “hold” rating on the stock in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.17.

FuelCell Energy Price Performance

FuelCell Energy stock opened at $5.96 on Tuesday. The company’s 50 day moving average is $10.97 and its two-hundred day moving average is $16.88. The firm has a market cap of $110.32 million, a PE ratio of -0.76 and a beta of 3.91. The company has a quick ratio of 4.97, a current ratio of 6.91 and a debt-to-equity ratio of 0.18. FuelCell Energy has a 52-week low of $5.45 and a 52-week high of $55.20.

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

Institutional Trading of FuelCell Energy

Several institutional investors have recently modified their holdings of the stock. Algert Global LLC purchased a new position in shares of FuelCell Energy in the 2nd quarter valued at $29,000. AQR Capital Management LLC grew its holdings in shares of FuelCell Energy by 106.0% during the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock worth $33,000 after purchasing an additional 26,223 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of FuelCell Energy during the first quarter worth about $41,000. Bogart Wealth LLC lifted its holdings in shares of FuelCell Energy by 21,285.7% in the 3rd quarter. Bogart Wealth LLC now owns 112,275 shares of the energy company’s stock valued at $43,000 after purchasing an additional 111,750 shares during the last quarter. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of FuelCell Energy by 42.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock valued at $46,000 after purchasing an additional 36,120 shares during the last quarter. Hedge funds and other institutional investors 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.