Analysts Set FuelCell Energy, Inc. (NASDAQ:FCEL) PT at $10.23

Shares of FuelCell Energy, Inc. (NASDAQ:FCEL) have been given a consensus rating of “Reduce” by the six research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.23.

A number of analysts have recently issued reports on FCEL shares. 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 decreased their target price on shares of FuelCell Energy from $15.00 to $13.75 and set a “neutral” rating for the company in a research note on Tuesday, December 3rd. Wells Fargo & Company dropped their price target on shares of FuelCell Energy from $30.00 to $5.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 13th. Jefferies Financial Group lowered their target price on FuelCell Energy from $15.00 to $8.40 and set a “hold” rating on the stock in a research note on Friday, December 20th. Finally, TD Cowen raised their price target on FuelCell Energy from $2.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, December 20th.

FuelCell Energy Stock Up 0.6 %

Shares of FuelCell Energy stock opened at $7.85 on Friday. FuelCell Energy has a 1 year low of $5.45 and a 1 year high of $43.20. The company has a market cap of $160.53 million, a P/E ratio of -0.99 and a beta of 3.36. The company has a current ratio of 6.01, a quick ratio of 4.48 and a debt-to-equity ratio of 0.20. The stock has a 50-day moving average price of $9.56 and a 200 day moving average price of $10.78.

Institutional Trading of FuelCell Energy

Several large investors have recently made changes to their positions in FCEL. Canada Pension Plan Investment Board acquired a new stake in FuelCell Energy in the 4th quarter worth approximately $30,000. ExodusPoint Capital Management LP acquired a new stake in shares of FuelCell Energy in the fourth quarter worth $112,000. Aristides Capital LLC bought a new stake in shares of FuelCell Energy during the 4th quarter worth $170,000. Algert Global LLC acquired a new position in FuelCell Energy in the 2nd quarter valued at $29,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in FuelCell Energy in the 4th quarter worth $444,000. Institutional investors own 42.78% of the company’s stock.

About FuelCell Energy

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.