The average one-year price target for FuelCell Energy (NasdaqGM:FCEL) has been revised to 1.51 / share. This is an decrease of 13.02% from the prior estimate of 1.73 dated February 21, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 1.01 to a high of 2.10 / share. The average price target represents an increase of 33.47% from the latest reported closing price of 1.13 / share.

What is the Fund Sentiment?

There are 392 funds or institutions reporting positions in FuelCell Energy. This is a decrease of 22 owner(s) or 5.31% in the last quarter. Average portfolio weight of all funds dedicated to FCEL is 0.08%, an increase of 25.73%. Total shares owned by institutions decreased in the last three months by 0.52% to 202,234K shares. The put/call ratio of FCEL is 0.20, indicating a bullish outlook.

What are Other Shareholders Doing?

Legal & General Group holds 17,636K shares representing 3.91% ownership of the company. In it's prior filing, the firm reported owning 13,617K shares, representing an increase of 22.79%. The firm decreased its portfolio allocation in FCEL by 36.05% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,143K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 13,653K shares, representing an increase of 3.46%. The firm increased its portfolio allocation in FCEL by 15.71% over the last quarter.

IWM - iShares Russell 2000 ETF holds 12,048K shares representing 2.67% ownership of the company. In it's prior filing, the firm reported owning 9,498K shares, representing an increase of 21.16%. The firm increased its portfolio allocation in FCEL by 22.59% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 11,473K shares representing 2.55% ownership of the company. In it's prior filing, the firm reported owning 11,562K shares, representing a decrease of 0.77%. The firm increased its portfolio allocation in FCEL by 8.97% over the last quarter.

Geode Capital Management holds 9,889K shares representing 2.19% ownership of the company. In it's prior filing, the firm reported owning 8,666K shares, representing an increase of 12.37%. The firm increased its portfolio allocation in FCEL by 25.30% over the last quarter.

Fuelcell Energy Background Information
(This description is provided by the company.)

FuelCell Energy, Inc. is a global leader in sustainable clean energy technologies that address some of the world's most critical challenges around energy, safety and global urbanization. As a leading global manufacturer of proprietary fuel cell technology platforms, FuelCell Energy is uniquely positioned to serve customers worldwide with sustainable products and solutions for businesses, utilities, governments and municipalities. Its solutions are designed to enable a world empowered by clean energy, enhancing the quality of life for people around the globe. It targets large-scale power users with its megawatt-class installations globally, and currently offers sub-megawatt solutions for smaller power consumers in Europe. To provide a frame of reference, one megawatt is adequate to continually power approximately 1,000 average sized U.S. homes. It develops turn-key distributed power generation solutions and operate and provide comprehensive service for the life of the power plant. Its fuel cell solution is a clean, efficient alternative to traditional combustion-based power generation, and is complementary to an energy mix consisting of intermittent sources of energy, such as solar and wind turbines. Its customer base includes utility companies, municipalities, universities, hospitals, government entities/military bases and a variety of industrial and commercial enterprises. Its leading geographic markets are currently the United States and South Korea, and it is pursuing opportunities in other countries around the world. FuelCell Energy, based in Connecticut, was founded in 1969.