FuelCell Energy (NASDAQ:FCEL) Earns Buy Rating from Analysts at Craig Hallum

Craig Hallum started coverage on shares of FuelCell Energy (NASDAQ:FCEL) in a report released on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $22.00 price target on the energy company’s stock.

A number of other brokerages have also recently issued reports on FCEL. Weiss Ratings reissued a “sell (d-)” rating on shares of FuelCell Energy in a report on Monday, August 17th. KeyCorp reaffirmed a “sector weight” rating on shares of FuelCell Energy in a report on Tuesday. B. Riley Financial raised FuelCell Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $13.00 to $32.00 in a report on Monday, June 29th. TD Cowen reiterated a “hold” rating and set a $16.00 price target (up from $9.00) on shares of FuelCell Energy in a research report on Tuesday, June 9th. Finally, Wells Fargo & Company increased 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. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.14.

FuelCell Energy Trading Up 1.9%

Shares of FCEL stock opened at $15.89 on Wednesday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -4.63 and a beta of 2.35. The company’s fifty day simple moving average is $19.93 and its two-hundred day simple moving average is $16.22. FuelCell Energy has a 1 year low of $5.71 and a 1 year high of $37.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 8.67 and a quick ratio of 7.77.

FuelCell Energy (NASDAQ:FCEL) last posted its quarterly earnings results on Wednesday, September 2nd. The energy company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.23). The company had revenue of $33.00 million during the quarter, compared to the consensus estimate of $38.79 million. FuelCell Energy had a negative return on equity of 16.85% and a negative net margin of 113.60%. As a group, analysts anticipate that FuelCell Energy will post -2.09 earnings per share for the current year.

Insider Buying and Selling at FuelCell Energy

In other news, EVP Shankar Achanta sold 2,500 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 2,618 shares of the company’s stock, valued at approximately $75,162.78. This represents a 48.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.46% of the company’s stock.

Hedge Funds Weigh In On FuelCell Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP increased its stake in FuelCell Energy by 444.4% in the 2nd quarter. Allworth Financial LP now owns 1,301 shares of the energy company’s stock worth $47,000 after acquiring an additional 1,062 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of FuelCell Energy by 301.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,605 shares of the energy company’s stock valued at $58,000 after acquiring an additional 1,205 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of FuelCell Energy during the 2nd quarter valued at about $90,000. Integrated Wealth Concepts LLC bought a new stake in shares of FuelCell Energy during the 2nd quarter valued at about $120,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of FuelCell Energy during the fourth quarter worth about $29,000. 42.78% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about FuelCell Energy

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

• Positive Sentiment: A rally in the fuel-cell sector lifted FuelCell Energy alongside Bloom Energy after Bloom was confirmed for inclusion in the S&P 500. The move appears to reflect increased investor interest in fuel-cell companies as potential beneficiaries of rising electricity demand from artificial-intelligence data centers. Bloom Energy Climbs 7% as Fuel Cell Bid Spreads Beyond Its S&P 500 Add
• Positive Sentiment: Craig-Hallum reportedly reinstated or began coverage of FuelCell Energy with a Buy rating, citing an emerging data-center opportunity. The endorsement provides a positive counterpoint to the company’s recent post-earnings selloff. FuelCell Energy Reinstated With Buy Rating at Craig-Hallum
• Neutral Sentiment: Analysts and investors continue comparing FuelCell Energy with Bloom Energy as both companies pursue opportunities tied to AI-related power demand. The comparison highlights long-term potential but does not provide a new contract or revenue commitment for FCEL. Bloom Energy vs. FuelCell Energy
• Negative Sentiment: Several law firms announced investigations into potential securities-law violations and disclosures involving FuelCell Energy. These announcements increase headline and litigation risk, although they represent allegations and do not establish wrongdoing. FCEL Investor Alert: Kirby McInerney Investigation
• Negative Sentiment: Investors remain concerned about FuelCell Energy’s large quarterly gross loss, which was linked substantially to its Fit Energy supply agreement. The resulting margin pressure and weaker-than-expected earnings were key reasons for the recent decline and continue to weigh on the stock. FuelCell Scrutinized Over Fit Energy Disclosures

FuelCell Energy Company Profile

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.