FuelCell Energy Inc. (NASDAQ:FCEL) has been assigned an average recommendation of “Buy” from the eight brokerages that are presently covering the company. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.93.
FCEL has been the subject of a number of analyst reports. Roth Capital restated a “buy” rating and set a $12.00 target price on shares of FuelCell Energy in a report on Friday, June 10th. Zacks Investment Research lowered FuelCell Energy from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Finally, FBR & Co restated an “outperform” rating and set a $9.00 target price on shares of FuelCell Energy in a report on Monday, August 29th.
Several hedge funds have recently modified their holdings of the stock. Stifel Financial Corp acquired a new stake in shares of FuelCell Energy during the second quarter valued at approximately $138,000. RobecoSam USA Inc. raised its stake in shares of FuelCell Energy by 122.7% in the second quarter. RobecoSam USA Inc. now owns 24,500 shares of the company’s stock valued at $152,000 after buying an additional 13,500 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of FuelCell Energy during the second quarter valued at approximately $171,000. First Trust Advisors LP raised its stake in shares of FuelCell Energy by 0.9% in the second quarter. First Trust Advisors LP now owns 28,480 shares of the company’s stock valued at $177,000 after buying an additional 262 shares in the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of FuelCell Energy by 14.7% in the second quarter. Teachers Advisors Inc. now owns 34,875 shares of the company’s stock valued at $217,000 after buying an additional 4,458 shares in the last quarter. Hedge funds and other institutional investors own 20.60% of the company’s stock.
Shares of FuelCell Energy (NASDAQ:FCEL) opened at 5.42 on Friday. FuelCell Energy has a one year low of $4.51 and a one year high of $12.24. The company’s market cap is $181.79 million. The company has a 50 day moving average price of $5.24 and a 200 day moving average price of $5.96.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Wednesday, September 7th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.01. FuelCell Energy had a negative return on equity of 45.82% and a negative net margin of 34.72%. The company had revenue of $21.72 million for the quarter. During the same period last year, the company earned ($0.24) EPS. The firm’s revenue for the quarter was down 47.5% compared to the same quarter last year. Equities analysts predict that FuelCell Energy will post ($1.60) EPS for the current year.
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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