Jefferies Financial Group Cuts FuelCell Energy (NASDAQ:FCEL) Price Target to $8.40

FuelCell Energy (NASDAQ:FCEL) had its price objective reduced by Jefferies Financial Group from $15.00 to $8.40 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the energy company’s stock.

A number of other analysts also recently commented on the company. UBS Group lowered their target price on FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating on the stock in a research note on Tuesday, December 3rd. TD Cowen upped their price objective on FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday. Canaccord Genuity Group reiterated a “hold” rating and issued a $12.00 target price on shares of FuelCell Energy in a research note on Friday. StockNews.com started coverage on shares of FuelCell Energy in a report on Tuesday, November 12th. They set a “sell” rating on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.23.

FuelCell Energy Stock Up 11.7 %

NASDAQ:FCEL opened at $10.42 on Friday. The firm has a market capitalization of $192.93 million, a P/E ratio of -1.33 and a beta of 3.64. The company’s fifty day moving average price is $9.79 and its 200-day moving average price is $13.94. FuelCell Energy has a 1-year low of $5.45 and a 1-year high of $55.20. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.91 and a quick ratio of 4.97.

Institutional Trading of FuelCell Energy

Several institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC lifted its stake in FuelCell Energy by 7.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock valued at $28,000 after buying an additional 5,150 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of FuelCell Energy by 4.2% during the third quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company’s stock valued at $208,000 after acquiring an additional 22,153 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of FuelCell Energy by 106.0% in the second quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after acquiring an additional 26,223 shares in the last quarter. Banque Cantonale Vaudoise boosted its stake in shares of FuelCell Energy by 42.0% in the third quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock worth $46,000 after acquiring an additional 36,120 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of FuelCell Energy during the second quarter worth approximately $29,000. Institutional investors and hedge funds own 42.78% of the company’s stock.

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.