FuelCell Energy (NASDAQ:FCEL) Stock Rating Upgraded by Wall Street Zen

FuelCell Energy (NASDAQ:FCEL) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other brokerages have also recently commented on FCEL. Canaccord Genuity Group boosted their target price on shares of FuelCell Energy from $12.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Wells Fargo & Company upped their price target on shares of FuelCell Energy from $6.00 to $8.00 and gave the stock an “underweight” rating in a report on Tuesday, June 16th. UBS Group upgraded shares of FuelCell Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $22.00 to $27.00 in a research report on Tuesday, July 14th. Weiss Ratings raised shares of FuelCell Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 20th. Finally, KeyCorp restated a “sector weight” rating on shares of FuelCell Energy in a research report on Tuesday, June 9th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FuelCell Energy currently has a consensus rating of “Hold” and a consensus price target of $22.83.

FuelCell Energy Price Performance

Shares of NASDAQ FCEL opened at $21.61 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.20 and a current ratio of 8.59. FuelCell Energy has a 52 week low of $3.78 and a 52 week high of $37.88. The stock has a market capitalization of $1.73 billion, a P/E ratio of -3.29 and a beta of 2.38. The stock’s fifty day moving average is $22.24 and its 200 day moving average is $13.99.

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 firm had revenue of $35.59 million for the quarter, compared to the consensus estimate 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 company earned ($1.79) EPS. Sell-side analysts forecast that FuelCell Energy will post -1.73 earnings per share for the current fiscal year.

Insider Transactions at FuelCell Energy

In related news, EVP Shankar Achanta sold 2,500 shares of the company’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 transaction of $71,775.00. Following the completion of the transaction, the executive vice president directly owned 2,618 shares in the company, valued at $75,162.78. This represents a 48.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.46% of the stock is currently owned by corporate insiders.

Institutional Trading of FuelCell Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in shares of FuelCell Energy by 21.1% during the first quarter. Rhumbline Advisers now owns 32,012 shares of the energy company’s stock worth $147,000 after buying an additional 5,585 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of FuelCell Energy during the 2nd quarter valued at $122,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of FuelCell Energy by 6.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 334,793 shares of the energy company’s stock valued at $1,877,000 after acquiring an additional 19,857 shares in the last quarter. Bank of America Corp DE grew its position in FuelCell Energy by 31.9% during the 2nd quarter. Bank of America Corp DE now owns 18,351 shares of the energy company’s stock worth $103,000 after acquiring an additional 4,435 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new stake in FuelCell Energy during the 2nd quarter worth $216,000. 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.