Shares of FuelCell Energy, Inc. (NASDAQ:FCEL - Get Free Report) have been given a consensus recommendation of "Reduce" by the six ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.23.

FCEL has been the subject of a number of recent analyst reports. UBS Group decreased their price target on shares of FuelCell Energy from $15.00 to $13.75 and set a "neutral" rating for the company in a research report on Tuesday, December 3rd. TD Cowen raised their price objective on shares of FuelCell Energy from $2.00 to $12.00 and gave the stock a "hold" rating in a report on Friday, December 20th. Jefferies Financial Group cut their target price on shares of FuelCell Energy from $15.00 to $8.40 and set a "hold" rating on the stock in a research note on Friday, December 20th. Canaccord Genuity Group reiterated a "hold" rating and issued a $12.00 price target on shares of FuelCell Energy in a research note on Friday, December 20th. Finally, Wells Fargo & Company lowered their price target on FuelCell Energy from $30.00 to $5.00 and set an "underweight" rating for the company in a report on Wednesday, November 13th.

Check Out Our Latest Analysis on FuelCell Energy

Shares of NASDAQ FCEL opened at $9.68 on Tuesday. The company has a quick ratio of 4.48, a current ratio of 6.01 and a debt-to-equity ratio of 0.20. FuelCell Energy has a fifty-two week low of $5.45 and a fifty-two week high of $45.60. The business has a 50 day moving average price of $9.95 and a two-hundred day moving average price of $12.28. The firm has a market cap of $197.96 million, a PE ratio of -1.22 and a beta of 3.41.

Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in FuelCell Energy by 35.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 545,894 shares of the energy company's stock valued at $207,000 after purchasing an additional 143,786 shares during the period. Geode Capital Management LLC boosted its holdings in shares of FuelCell Energy by 13.9% during the third quarter. Geode Capital Management LLC now owns 12,014,243 shares of the energy company's stock valued at $4,567,000 after acquiring an additional 1,466,442 shares during the period. Point72 DIFC Ltd acquired a new position in shares of FuelCell Energy during the third quarter valued at $90,000. Integrated Wealth Concepts LLC grew its position in shares of FuelCell Energy by 7.5% during the third quarter. Integrated Wealth Concepts LLC now owns 74,021 shares of the energy company's stock worth $28,000 after acquiring an additional 5,150 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of FuelCell Energy by 4.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,404 shares of the energy company's stock worth $208,000 after acquiring an additional 22,153 shares during the period. 42.78% of the stock is currently owned by institutional investors and hedge funds.

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.

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