FuelCell Energy Inc. (FCEL) Trading 2.9% Higher
FuelCell Energy Inc. (NASDAQ:FCEL) shares traded up 2.9% during mid-day trading on Monday . The company traded as high as $5.43 and last traded at $5.40, with a volume of 495,158 shares traded. The stock had previously closed at $5.25.
A number of research analysts have recently issued reports on the stock. Roth Capital assumed coverage on shares of FuelCell Energy in a research report on Monday, April 11th. They issued a “buy” rating and a $12.00 price objective on the stock. FBR & Co reaffirmed a “buy” rating and issued a $9.00 price objective on shares of FuelCell Energy in a research report on Friday, June 10th. Finally, Craig Hallum assumed coverage on shares of FuelCell Energy in a research report on Monday, May 2nd. They issued a “buy” rating and a $13.00 price objective on the stock. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. FuelCell Energy has a consensus rating of “Buy” and a consensus target price of $13.93.
The company’s market cap is $169.17 million. The firm has a 50 day moving average of $6.10 and a 200-day moving average of $6.05.
FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings results on Wednesday, June 8th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by $0.16. During the same period last year, the business earned ($0.48) EPS. On average, analysts expect that FuelCell Energy Inc. will post ($1.67) 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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