FuelCell Energy (NASDAQ:FCEL) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of FuelCell Energy (NASDAQ:FCEL) from a hold rating to a sell rating in a research note issued to investors on Sunday morning.

A number of other brokerages also recently weighed in on FCEL. Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 20th. TD Cowen restated a “hold” rating and set a $16.00 price objective (up from $9.00) on shares of FuelCell Energy in a report on Tuesday, June 9th. Wells Fargo & Company lifted their price objective on shares of FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a research report on Tuesday, June 16th. B. Riley Financial upgraded shares of FuelCell Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $32.00 in a research note on Monday, June 29th. Finally, UBS Group raised shares of FuelCell Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $22.00 to $27.00 in a research report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, FuelCell Energy presently has an average rating of “Hold” and a consensus price target of $22.83.

FuelCell Energy Stock Performance

Shares of FCEL opened at $20.43 on Friday. The stock has a 50 day moving average of $21.97 and a 200 day moving average of $14.46. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -3.11 and a beta of 2.38. FuelCell Energy has a 12 month low of $3.78 and a 12 month high of $37.88. The company has a current ratio of 8.59, a quick ratio of 7.20 and a debt-to-equity ratio of 0.18.

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 the consensus estimate of $0.52 by ($1.05). The business had revenue of $35.59 million during the quarter, compared to analysts’ expectations of $40.47 million. FuelCell Energy had a negative return on equity of 15.90% and a negative net margin of 132.41%.During the same period in the prior year, the firm posted ($1.79) EPS. As a group, sell-side analysts forecast that FuelCell Energy will post -1.73 earnings per share for the current year.

Insider Activity at FuelCell Energy

In related news, EVP Shankar Achanta sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $28.71, for a total value of $71,775.00. Following the completion of the transaction, the executive vice president directly owned 2,618 shares of the company’s stock, valued at approximately $75,162.78. This trade represents a 48.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.46% of the company’s stock.

Institutional Investors Weigh In On FuelCell Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of FCEL. Legal & General Group Plc purchased a new stake in FuelCell Energy during the 4th quarter worth about $21,149,000. CenterBook Partners LP purchased a new position in FuelCell Energy during the 4th quarter valued at about $9,348,000. Two Sigma Investments LP purchased a new position in FuelCell Energy during the 3rd quarter valued at about $5,348,000. Invesco Ltd. increased its position in shares of FuelCell Energy by 75.4% during the fourth 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 during the period. Finally, Trexquant Investment LP increased its position in shares of FuelCell Energy by 162.3% during the fourth quarter. Trexquant Investment LP now owns 894,800 shares of the energy company’s stock valued at $6,541,000 after buying an additional 553,660 shares during the period. Institutional investors own 42.78% of the company’s stock.

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.