Brokerages Set FuelCell Energy, Inc. (NASDAQ:FCEL) Target Price at $10.23

FuelCell Energy, Inc. (NASDAQ:FCEL) has received a consensus recommendation of “Reduce” from the six research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $10.23.

FCEL has been the subject of several research reports. Jefferies Financial Group reduced their price objective on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating for the company in a research report on Friday, December 20th. StockNews.com began coverage on shares of FuelCell Energy in a research report on Tuesday, November 12th. They issued a “sell” rating on the stock. UBS Group dropped their price objective 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. Wells Fargo & Company reduced their target price on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating for the company in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $12.00 price target on shares of FuelCell Energy in a research note on Friday, December 20th.

FuelCell Energy Stock Performance

FCEL stock opened at $9.59 on Tuesday. The company has a market capitalization of $196.12 million, a price-to-earnings ratio of -1.21 and a beta of 3.41. The firm has a 50 day moving average of $10.01 and a two-hundred day moving average of $12.16. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy has a 12 month low of $5.45 and a 12 month high of $45.60.

Institutional Trading of FuelCell Energy

Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its holdings in FuelCell Energy by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company’s stock worth $28,000 after acquiring an additional 5,150 shares in the last quarter. Algert Global LLC acquired a new stake in shares of FuelCell Energy during the second quarter worth about $29,000. AQR Capital Management LLC lifted its holdings in shares of FuelCell Energy by 106.0% during the 2nd quarter. AQR Capital Management LLC now owns 50,952 shares of the energy company’s stock valued at $33,000 after purchasing an additional 26,223 shares in the last quarter. Bogart Wealth LLC grew its position 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 period. Finally, Banque Cantonale Vaudoise increased its stake in FuelCell Energy by 42.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 122,096 shares of the energy company’s stock worth $46,000 after purchasing an additional 36,120 shares in the last quarter. 42.78% of the stock is currently owned by institutional investors and hedge funds.

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.