B. Riley upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a neutral rating to a buy rating in a report issued on Friday, January 12th, MarketBeat reports. B. Riley currently has $3.50 target price on the energy company’s stock, up from their prior target price of $2.50. B. Riley also issued estimates for FuelCell Energy’s Q1 2019 earnings at ($0.15) EPS, Q2 2019 earnings at ($0.14) EPS, Q3 2019 earnings at ($0.12) EPS, Q4 2019 earnings at ($0.10) EPS and FY2019 earnings at ($0.52) EPS.
Other research analysts have also recently issued research reports about the stock. CIBC assumed coverage on shares of FuelCell Energy in a research note on Wednesday, October 4th. They set an outperform rating and a $4.00 price target for the company. Oppenheimer assumed coverage on shares of FuelCell Energy in a research report on Wednesday, October 4th. They issued an outperform rating and a $4.00 price objective for the company. Cowen restated an outperform rating and issued a $2.50 price objective on shares of FuelCell Energy in a research report on Wednesday, September 20th. Finally, Zacks Investment Research lowered shares of FuelCell Energy from a hold rating to a sell rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. FuelCell Energy currently has a consensus rating of Hold and an average target price of $3.17.
FuelCell Energy (FCEL) traded down $0.05 on Friday, hitting $1.66. The stock had a trading volume of 1,233,251 shares, compared to its average volume of 1,480,000. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.08 and a quick ratio of 1.32. FuelCell Energy has a one year low of $0.80 and a one year high of $2.49. The stock has a market capitalization of $121.95, a price-to-earnings ratio of -1.38 and a beta of 1.75.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Thursday, January 11th. The energy company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.05. FuelCell Energy had a negative return on equity of 51.62% and a negative net margin of 56.35%. The company had revenue of $47.90 million for the quarter, compared to the consensus estimate of $25.90 million. During the same period last year, the business posted ($0.41) earnings per share. The firm’s revenue was up 95.5% compared to the same quarter last year. equities analysts expect that FuelCell Energy will post -0.73 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Robecosam AG lifted its position in FuelCell Energy by 26.3% during the 3rd quarter. Robecosam AG now owns 1,200,000 shares of the energy company’s stock worth $2,040,000 after buying an additional 250,000 shares in the last quarter. Vanguard Group Inc. lifted its position in FuelCell Energy by 99.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock worth $2,354,000 after buying an additional 946,548 shares in the last quarter. KBC Group NV raised its holdings in shares of FuelCell Energy by 170.5% in the 3rd 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 period. CNA Financial Corp raised its holdings in shares of FuelCell Energy by 112.3% in the 3rd 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 period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of FuelCell Energy by 90.1% in the 2nd 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 period. 13.53% of the stock is owned by hedge funds and other 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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