FuelCell Energy Inc. (FCEL) Shares Down 1.8%
FuelCell Energy Inc. (NASDAQ:FCEL) shares were down 1.8% during mid-day trading on Tuesday . The stock traded as low as $5.41 and last traded at $5.43, with a volume of 603,624 shares traded. The stock had previously closed at $5.53.
Several research analysts have recently issued reports on FCEL shares. 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. Roth Capital reissued a “buy” rating and issued a $12.00 target price on shares of FuelCell Energy in a research note on Friday, June 10th. Craig Hallum assumed coverage on shares of FuelCell Energy in a research note on Monday, May 2nd. They issued a “buy” rating and a $13.00 target price on the stock. Zacks Investment Research cut shares of FuelCell Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, March 15th. Finally, Vetr raised shares of FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.52 target price on the stock in a research note on Monday, March 14th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $13.93.
The company’s 50-day moving average price is $6.25 and its 200-day moving average price is $6.05. The stock’s market cap is $169.17 million.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings results on Wednesday, June 8th. The company reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.16. During the same quarter in the previous year, the business posted ($0.48) EPS. Equities research analysts predict that FuelCell Energy Inc. will post ($1.75) EPS 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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