Roth Capital upgraded shares of FuelCell Energy (NASDAQ:FCEL) from a neutral rating to a buy rating in a research report released on Friday, Marketbeat reports. They currently have $4.00 price target on the energy company’s stock, up from their previous price target of $2.00.
Several other research analysts have also commented on FCEL. B. Riley reissued a neutral rating on shares of FuelCell Energy in a report on Wednesday, November 1st. Cowen set a $3.00 price objective on FuelCell Energy and gave the stock a buy rating in a report on Thursday, January 11th. Finally, Zacks Investment Research lowered FuelCell Energy from a hold rating to a sell rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. FuelCell Energy currently has a consensus rating of Hold and a consensus target price of $3.50.
FuelCell Energy (NASDAQ:FCEL) opened at $1.65 on Friday. FuelCell Energy has a twelve month low of $0.80 and a twelve month high of $2.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.32 and a current ratio of 2.08.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Thursday, January 11th. The energy company reported ($0.17) EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $25.90 million. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. FuelCell Energy’s revenue was up 95.5% on a year-over-year basis. research analysts anticipate that FuelCell Energy will post -0.73 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in FuelCell Energy by 154.5% in the fourth quarter. Bank of New York Mellon Corp now owns 62,038 shares of the energy company’s stock worth $105,000 after buying an additional 37,661 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in FuelCell Energy by 90.1% in the second quarter. Goldman Sachs Group Inc. now owns 137,961 shares of the energy company’s stock worth $171,000 after buying an additional 65,392 shares in the last quarter. KBC Group NV boosted its stake in FuelCell Energy by 170.5% in the third quarter. KBC Group NV now owns 233,465 shares of the energy company’s stock worth $409,000 after buying an additional 147,155 shares in the last quarter. CNA Financial Corp boosted its stake in FuelCell Energy by 112.3% in the third quarter. CNA Financial Corp now owns 439,851 shares of the energy company’s stock worth $770,000 after buying an additional 232,695 shares in the last quarter. Finally, Robecosam AG boosted its stake in FuelCell Energy by 35.7% in the second quarter. Robecosam AG now owns 950,000 shares of the energy company’s stock worth $1,226,000 after buying an additional 250,000 shares in the last quarter. 13.53% of the stock is owned by institutional investors and hedge funds.
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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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