Somewhat Positive Media Coverage Somewhat Unlikely to Affect FuelCell Energy (NASDAQ:FCEL) Stock Price

Press coverage about FuelCell Energy (NASDAQ:FCEL) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. FuelCell Energy earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 45.1058269554536 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Shares of FuelCell Energy (NASDAQ:FCEL) traded up $0.07 on Tuesday, reaching $1.76. The company’s stock had a trading volume of 1,601,565 shares, compared to its average volume of 1,341,087. The company has a current ratio of 2.71, a quick ratio of 1.36 and a debt-to-equity ratio of 0.70. FuelCell Energy has a 1-year low of $0.80 and a 1-year high of $2.49.

FuelCell Energy (NASDAQ:FCEL) last issued its earnings results on Thursday, September 7th. The energy company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.08). FuelCell Energy had a negative net margin of 78.60% and a negative return on equity of 52.75%. The business had revenue of $10.36 million for the quarter, compared to analysts’ expectations of $16.78 million. During the same quarter in the prior year, the business posted ($0.38) earnings per share. The business’s revenue for the quarter was down 52.3% on a year-over-year basis. equities research analysts expect that FuelCell Energy will post -1.19 earnings per share for the current year.

A number of research firms recently weighed in on FCEL. B. Riley reaffirmed a “neutral” rating on shares of FuelCell Energy in a research report on Wednesday, November 1st. Zacks Investment Research lowered FuelCell Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. CIBC began coverage on FuelCell Energy in a research report on Wednesday, October 4th. They set an “outperform” rating and a $4.00 price objective for the company. Oppenheimer began coverage on FuelCell Energy in a research note on Wednesday, October 4th. They set an “outperform” rating and a $4.00 target price on the stock. Finally, FBR & Co reiterated a “hold” rating on shares of FuelCell Energy in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. FuelCell Energy currently has an average rating of “Hold” and an average price target of $2.90.

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About FuelCell Energy

Fuelcell Energy, Inc delivers fuel cell power solutions. The Company is engaged in designing, manufacturing, installing, operating and maintaining fuel cell power solutions. The Company also provides turnkey power generation solutions to the customers, including power plant installation, operations and maintenance.

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