Zacks Investment Research upgraded shares of FuelCell Energy Inc. (NASDAQ:FCEL) from a sell rating to a hold rating in a research report released on Thursday morning.
According to Zacks, “FuelCell Energy develops and markets ultra-clean power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants with virtually no air pollution and reduced greenhouse gas emissions using a variety of fuels including renewable biogas and domestically-available fuels like natural gas. “
Several other brokerages also recently weighed in on FCEL. Roth Capital reissued a buy rating and issued a $12.00 target price on shares of FuelCell Energy in a research note on Wednesday, September 7th. FBR & Co reissued an outperform rating and issued a $9.00 target price on shares of FuelCell Energy in a research note on Monday, August 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $11.50.
FuelCell Energy (NASDAQ:FCEL) opened at 2.75 on Thursday. FuelCell Energy has a 1-year low of $2.70 and a 1-year high of $10.74. The stock has a 50 day moving average of $3.74 and a 200 day moving average of $5.17. The stock’s market cap is $92.24 million.
FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Wednesday, September 7th. The company reported ($0.38) earnings per share for the quarter, beating the consensus estimate 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 posted ($0.24) EPS. The company’s revenue for the quarter was down 47.5% compared to the same quarter last year. Equities analysts expect that FuelCell Energy will post ($1.68) earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp bought a new position in FuelCell Energy during the second quarter worth approximately $138,000. KCG Holdings Inc. purchased a new stake in shares of FuelCell Energy during the third quarter worth about $143,000. RobecoSam USA Inc. boosted 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 worth $152,000 after buying an additional 13,500 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of FuelCell Energy during the second quarter worth about $171,000. Finally, First Trust Advisors LP boosted its stake in shares of FuelCell Energy by 13.0% in the third quarter. First Trust Advisors LP now owns 32,182 shares of the company’s stock worth $174,000 after buying an additional 3,702 shares during the last quarter. 23.21% of the stock is owned by institutional investors.
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.