Brokerages Set FuelCell Energy, Inc. (NASDAQ:FCEL) Price Target at $18.75

FuelCell Energy, Inc. (NASDAQ:FCEL) has been assigned a consensus rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.23.

A number of research analysts have commented on FCEL shares. Wells Fargo & Company lowered their target price on FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. TD Cowen raised their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, December 20th. StockNews.com assumed coverage on shares of FuelCell Energy in a research report on Tuesday, November 12th. They issued a “sell” rating for the company. UBS Group cut 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. Finally, Jefferies Financial Group decreased their price objective on shares of FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a report on Friday, December 20th.

FuelCell Energy Trading Down 7.2 %

FuelCell Energy stock opened at $10.38 on Friday. 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 12 month low of $5.45 and a 12 month high of $55.20. The company’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $13.61. The stock has a market cap of $192.19 million, a P/E ratio of -1.33 and a beta of 3.64.

Institutional Trading of FuelCell Energy

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in 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 acquiring an additional 1,466,442 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of FuelCell Energy during the 3rd quarter worth about $90,000. Integrated Wealth Concepts LLC lifted its position in shares of FuelCell Energy by 7.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock worth $28,000 after purchasing an additional 5,150 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in FuelCell Energy by 4.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock valued at $208,000 after purchasing an additional 22,153 shares during the period. Finally, Penserra Capital Management LLC grew its holdings 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 buying an additional 2,165,316 shares during the last quarter. 42.78% of the stock is owned by institutional investors.

FuelCell Energy Company Profile

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.