FuelCell Energy Inc (FCEL) Sees Large Volume Increase
Shares of FuelCell Energy Inc (NASDAQ:FCEL) saw unusually-high trading volume on Monday . Approximately 640,110 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 731,470 shares.The stock last traded at $5.60 and had previously closed at $5.73.
FCEL has been the topic of several recent analyst reports. Craig Hallum initiated coverage on shares of FuelCell Energy in a report on Monday, May 2nd. They issued a “buy” rating and a $13.00 target price on the stock. Vetr upgraded shares of FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.52 price objective on the stock in a report on Monday, March 14th. Roth Capital restated a “buy” rating and set a $12.00 price objective on shares of FuelCell Energy in a report on Monday, May 16th. FBR & Co boosted their price objective on shares of FuelCell Energy from $8.00 to $9.00 and gave the stock an “outperform” rating in a report on Tuesday, March 15th. Finally, Zacks Investment Research downgraded shares of FuelCell Energy from a “hold” rating to a “sell” rating in a report on Tuesday, March 15th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. FuelCell Energy currently has an average rating of “Buy” and an average target price of $13.93.
The firm’s market cap is $173.56 million. The firm’s 50 day moving average is $6.25 and its 200 day moving average is $6.05.
FuelCell Energy (NASDAQ:FCEL) last announced its earnings results on Wednesday, June 8th. The company reported ($0.56) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. During the same period last year, the business posted ($0.48) EPS. Equities research analysts anticipate that FuelCell Energy Inc will post ($1.75) earnings per share for the current year.
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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