FuelCell Energy (NASDAQ:FCEL) Stock Rating Upgraded by Jefferies Financial Group

FuelCell Energy (NASDAQ:FCEL) was upgraded by equities researchers at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm presently has a $24.00 target price on the energy company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 22.14% from the stock’s previous close.

FCEL has been the subject of several other reports. Wall Street Zen cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. B. Riley Financial increased their price objective on shares of FuelCell Energy from $8.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Wells Fargo & Company raised their price objective on FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, June 16th. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a report on Tuesday, June 9th. Finally, Canaccord Genuity Group boosted their target price on FuelCell Energy from $12.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.38.

FuelCell Energy Trading Down 8.9%

FCEL stock opened at $19.65 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.59 and a quick ratio of 7.20. FuelCell Energy has a 1-year low of $3.78 and a 1-year high of $27.69. The business has a 50 day simple moving average of $17.60 and a two-hundred day simple moving average of $11.21. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -2.99 and a beta of 2.42.

FuelCell Energy (NASDAQ:FCEL) last released its quarterly earnings data on Monday, June 8th. The energy company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.01). FuelCell Energy had a negative net margin of 132.41% and a negative return on equity of 15.90%. The company had revenue of $35.59 million for the quarter, compared to the consensus estimate of $40.47 million. During the same quarter in the previous year, the business earned ($1.79) EPS. Research analysts anticipate that FuelCell Energy will post -1.84 EPS for the current fiscal year.

Hedge Funds Weigh In On FuelCell Energy

Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new position in shares of FuelCell Energy in the 4th quarter worth $21,149,000. Invesco Ltd. raised its position in shares of FuelCell Energy by 75.4% during the 4th quarter. Invesco Ltd. now owns 1,505,430 shares of the energy company’s stock valued at $11,005,000 after buying an additional 647,151 shares in the last quarter. CenterBook Partners LP bought a new position in shares of FuelCell Energy in the 4th quarter valued at about $9,348,000. Renaissance Technologies LLC lifted its holdings in shares of FuelCell Energy by 14.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,219,600 shares of the energy company’s stock valued at $8,915,000 after acquiring an additional 150,600 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in FuelCell Energy by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,073,609 shares of the energy company’s stock worth $8,374,000 after acquiring an additional 23,981 shares in the last quarter. Institutional investors own 42.78% of the company’s stock.

Key Headlines Impacting FuelCell Energy

Here are the key news stories impacting FuelCell Energy this week:

• Positive Sentiment: FuelCell Energy signed a multi-phase deal with Fit Energy to provide up to 380 MW of fuel cell power for data centers, with initial deliveries expected to begin this year and long-term service contracts included. Article Title
• Positive Sentiment: The agreement strengthens FCEL’s position in AI-driven power demand, as investors view fuel cells as a potential solution for reliable on-site electricity where grid capacity is constrained. Article Title
• Neutral Sentiment: Analysts and market commentary note that the stock’s sharp run-up may have created near-term caution, with some investors taking profits after the announcement-driven rally. Article Title
• Negative Sentiment: FuelCell Energy still faces execution risk: its long-term outlook depends on converting its data-center pipeline into signed orders, scaling production, and reducing losses. Article Title

FuelCell Energy Company Profile

FuelCell Energy, Inc (NASDAQ: FCEL) is a publicly traded company that designs, manufactures and operates turnkey molten carbonate fuel cell power plants. These stationary, on-site energy solutions generate electricity and heat through an electrochemical process that combines natural gas or biogas with oxygen, producing power with lower greenhouse gas emissions than traditional fossil fuel-based generation. The company’s fuel cell technology is engineered for continuous, baseload operation and can be integrated into microgrid architectures and industrial power systems to provide reliable, around-the-clock energy.

The company’s core product suite, marketed under the SureSource brand, encompasses both power generation and integrated carbon capture or hydrogen production capabilities.