Shares of FuelCell Energy Inc. (NASDAQ:FCEL) have been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $13.93.
FCEL has been the subject of a number of recent research reports. Roth Capital reissued a “buy” rating and set a $12.00 price objective on shares of FuelCell Energy in a research report on Friday, June 10th. Zacks Investment Research downgraded shares of FuelCell Energy from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Finally, FBR & Co reissued an “outperform” rating and set a $9.00 price objective on shares of FuelCell Energy in a research report on Monday, August 29th.
Shares of FuelCell Energy (NASDAQ:FCEL) traded up 1.12% on Friday, hitting $5.41. The stock had a trading volume of 170,551 shares. The company has a 50 day moving average price of $5.24 and a 200-day moving average price of $5.97. FuelCell Energy has a 12 month low of $4.51 and a 12 month high of $12.24. The stock’s market cap is $181.45 million.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Wednesday, September 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.01. FuelCell Energy had a negative net margin of 34.72% and a negative return on equity of 45.82%. The firm earned $21.72 million during the quarter. During the same period in the previous year, the firm earned ($0.24) EPS. The company’s revenue was down 47.5% on a year-over-year basis. On average, equities research analysts anticipate that FuelCell Energy will post ($1.60) earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in FCEL. Schwab Charles Investment Management Inc. boosted its stake in shares of FuelCell Energy by 129.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 72,333 shares of the company’s stock valued at $450,000 after buying an additional 40,800 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of FuelCell Energy during the second quarter valued at approximately $138,000. Jane Street Group LLC bought a new stake in shares of FuelCell Energy during the second quarter valued at approximately $171,000. Levin Capital Strategies L.P. boosted its stake in shares of FuelCell Energy by 27.6% in the second quarter. Levin Capital Strategies L.P. now owns 760,677 shares of the company’s stock valued at $4,731,000 after buying an additional 164,455 shares during the last quarter. Finally, Robecosam AG boosted its stake in shares of FuelCell Energy by 155.2% in the second quarter. Robecosam AG now owns 342,000 shares of the company’s stock valued at $2,155,000 after buying an additional 208,000 shares during the last quarter. Institutional investors and hedge funds own 20.60% of the company’s stock.
FuelCell Energy Company Profile
FuelCell Energy, Inc is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support.
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