FuelCell Energy Inc. (FCEL) Sees Large Volume Increase
FuelCell Energy Inc. (NASDAQ:FCEL) shares saw an uptick in trading volume on Tuesday . 597,839 shares traded hands during trading, a decline of 18% from the previous session’s volume of 733,544 shares.The stock last traded at $5.35 and had previously closed at $5.39.
Several research firms have commented on FCEL. FBR & Co reissued a “buy” rating and set a $9.00 target price on shares of FuelCell Energy in a research note on Monday, July 11th. Roth Capital began coverage on shares of FuelCell Energy in a research note on Monday, April 11th. They set a “buy” rating and a $12.00 target price on the stock. Finally, Craig Hallum began coverage on shares of FuelCell Energy in a research note on Monday, May 2nd. They set a “buy” rating and a $13.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $13.93.
The firm’s market cap is $167.29 million. The stock has a 50-day moving average of $6.08 and a 200 day moving average of $6.04.
FuelCell Energy (NASDAQ:FCEL) last issued 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 quarter in the prior year, the business posted ($0.48) EPS. Equities analysts expect that FuelCell Energy Inc. will post ($1.67) earnings per share for the current fiscal 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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