Cowen set a $3.00 target price on FuelCell Energy (NASDAQ:FCEL) in a research note released on Thursday morning. The brokerage currently has a buy rating on the energy company’s stock.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded FuelCell Energy from a hold rating to a sell rating in a research report on Wednesday, November 8th. CIBC started coverage on FuelCell Energy in a research report on Wednesday, October 4th. They set an outperform rating and a $4.00 price target on the stock. Oppenheimer started coverage on FuelCell Energy in a research report on Wednesday, October 4th. They set an outperform rating and a $4.00 price target on the stock. Finally, B. Riley raised FuelCell Energy from a neutral rating to a buy rating and boosted their price target for the stock from $2.50 to $3.50 in a research report on Friday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $3.17.
FuelCell Energy (FCEL) opened at $1.98 on Thursday. The firm has a market capitalization of $149.84, a P/E ratio of -1.65 and a beta of 1.95. The company has a current ratio of 2.08, a quick ratio of 1.32 and a debt-to-equity ratio of 0.63. FuelCell Energy has a 12-month low of $0.80 and a 12-month high of $2.49.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Thursday, January 11th. The energy company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.05. The firm had revenue of $47.90 million for the quarter, compared to the consensus estimate of $25.90 million. FuelCell Energy had a negative return on equity of 51.62% and a negative net margin of 56.35%. The business’s revenue was up 95.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.41) earnings per share. equities analysts forecast that FuelCell Energy will post -0.69 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Robecosam AG grew its position in shares of FuelCell Energy by 26.3% in the third quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock valued at $2,040,000 after purchasing an additional 250,000 shares during the last quarter. Vanguard Group Inc. grew its position in shares of FuelCell Energy by 99.4% in the second quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after purchasing an additional 946,548 shares during the last quarter. KBC Group NV grew its position in shares of FuelCell Energy by 170.5% in the third quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock valued at $409,000 after purchasing an additional 147,155 shares during the last quarter. CNA Financial Corp grew its position in shares of FuelCell Energy by 112.3% in the third quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock valued at $770,000 after purchasing an additional 232,695 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of FuelCell Energy by 90.1% in the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock valued at $171,000 after purchasing an additional 65,392 shares during the last quarter. 14.56% of the stock is currently owned by institutional investors.
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FuelCell Energy Company Profile
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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