FuelCell Energy, Inc. (NASDAQ:FCEL) Given Consensus Rating of “Hold” by Brokerages

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $18.8333.

FCEL has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of FuelCell Energy from $6.00 to $8.00 and gave the company an “underweight” rating in a research note on Tuesday, June 16th. B. Riley Financial raised their target price on shares of FuelCell Energy from $8.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. TD Cowen restated a “hold” rating and issued a $16.00 target price (up from $9.00) on shares of FuelCell Energy in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. Finally, Canaccord Genuity Group raised their target price on shares of FuelCell Energy from $12.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th.

FuelCell Energy News Roundup

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

• Positive Sentiment: Jefferies upgraded FuelCell Energy to Buy from Hold and raised its price target to $24 from $16, citing upside from data center power demand. FuelCell Energy surges as Jefferies upgrades to Buy on data center power upside
• Positive Sentiment: The company announced a multi-phase agreement with Fit Energy USA to supply up to 380 MW of fuel cell power for AI-focused data centers, with projects starting immediately and long-term service contracts included. FuelCell Energy (FCEL) Lands 380 MW Data Center Power Deal With Fit Energy
• Positive Sentiment: UBS raised its price target on FuelCell Energy to $22 from $7.25, signaling materially improved expectations even though it kept a Neutral rating. FuelCell Energy price target raised by UBS Group AG
• Neutral Sentiment: Recent coverage noted FCEL’s rally is being driven by AI/data-center demand, but also pointed out that execution, backlog conversion, and funding needs remain key risks. FCEL Stock Rides AI Data Center Demand, But Risks Remain
• Negative Sentiment: After the initial rally, some traders took profits, and FCEL fell in Thursday trading as the market unwound part of the prior move. FuelCell Energy Drops 10%, Bloom Energy Falls 7% in a Profit-Taking Reversal as Plug Power Edges Up
• Negative Sentiment: Sector-wide weakness also pressured sentiment, with energy stocks lower into Friday afternoon. Sector Update: Energy Stocks Decline Late Afternoon

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in FuelCell Energy in the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its position in FuelCell Energy by 1,316.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,618 shares of the energy company’s stock worth $59,000 after acquiring an additional 7,080 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in FuelCell Energy in the 4th quarter valued at about $78,000. Franklin Resources Inc. acquired a new position in FuelCell Energy in the 4th quarter valued at about $84,000. Finally, Optiver Holding B.V. acquired a new position in FuelCell Energy in the 1st quarter valued at about $88,000. Hedge funds and other institutional investors own 42.78% of the company’s stock.

FuelCell Energy Stock Up 22.1%

Shares of NASDAQ FCEL opened at $24.00 on Tuesday. The firm’s 50-day moving average price is $17.93 and its 200-day moving average price is $11.30. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -3.65 and a beta of 2.42. FuelCell Energy has a 12-month low of $3.78 and a 12-month high of $27.69.

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

About FuelCell Energy

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.