FuelCell Energy Inc. (NASDAQ:FCEL) shot up 2.9% during mid-day trading on Monday . The stock traded as high as $5.43 and last traded at $5.40, with a volume of 495,158 shares changing hands. The stock had previously closed at $5.25.

Several equities research analysts have issued reports on the stock. FBR & Co restated a “buy” rating and set a $9.00 price objective on shares of FuelCell Energy in a research report on Monday, July 11th. Roth Capital restated a “buy” rating and set a $12.00 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 set a “buy” rating and a $13.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $13.93.

The company’s market capitalization is $167.92 million. The firm’s 50 day moving average price is $6.08 and its 200-day moving average price is $6.04.

FuelCell Energy (NASDAQ:FCEL) last issued its quarterly earnings data on Wednesday, June 8th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.40) by $0.16. During the same period in the previous year, the firm earned ($0.48) earnings per share. Analysts anticipate 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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