Shares of FuelCell Energy Inc (NASDAQ:FCEL) have received an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.30.
A number of equities research analysts have recently commented on the company. B. Riley upgraded FuelCell Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2.50 to $3.50 in a research note on Friday. Roth Capital set a $2.00 target price on FuelCell Energy and gave the stock a “hold” rating in a research note on Thursday. Cowen set a $3.00 target price on FuelCell Energy and gave the stock a “buy” rating in a research note on Thursday. CIBC assumed 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, Oppenheimer assumed 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.
A number of institutional investors have recently made changes to their positions in FCEL. CNA Financial Corp raised its stake in FuelCell Energy by 300.0% in the 2nd quarter. CNA Financial Corp now owns 207,156 shares of the energy company’s stock valued at $257,000 after acquiring an additional 155,367 shares during the period. Vanguard Group Inc. raised its stake in FuelCell Energy by 99.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,898,705 shares of the energy company’s stock valued at $2,354,000 after acquiring an additional 946,548 shares during the period. Goldman Sachs Group Inc. raised its stake in 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 acquiring an additional 65,392 shares during the period. Robecosam AG raised its stake in FuelCell Energy by 35.7% in the 2nd quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock valued at $1,226,000 after acquiring an additional 250,000 shares during the period. Finally, KBC Group NV raised its stake in 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 acquiring an additional 147,155 shares during the period. Institutional investors and hedge funds own 14.56% of the company’s stock.
FuelCell Energy (NASDAQ FCEL) traded up $0.16 during midday trading on Friday, hitting $2.01. The stock had a trading volume of 8,758,700 shares, compared to its average volume of 2,090,625. The company has a market cap of $140.52, a PE ratio of -1.40 and a beta of 1.95. FuelCell Energy has a 12 month low of $0.80 and a 12 month high of $2.49. The company has a quick ratio of 1.36, a current ratio of 2.71 and a debt-to-equity ratio of 0.70.
FuelCell Energy (NASDAQ:FCEL) last released its earnings results on Thursday, January 11th. The energy company reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.05. The company had revenue of $47.90 million for the quarter, compared to analysts’ expectations of $25.90 million. FuelCell Energy had a negative return on equity of 52.75% and a negative net margin of 78.60%. The business’s revenue for the quarter was up 95.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.41) EPS. equities research analysts forecast that FuelCell Energy will post -1.19 earnings per share for the current fiscal year.
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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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