FuelCell Energy Inc. (FCEL) Trading Down 3.5%
FuelCell Energy Inc. (NASDAQ:FCEL) shares were down 3.5% during trading on Tuesday . The company traded as low as $5.21 and last traded at $5.21, with a volume of 261,601 shares traded. The stock had previously closed at $5.40.
A number of research analysts recently commented on FCEL shares. Craig Hallum started coverage on FuelCell Energy in a research note on Monday, May 2nd. They set a “buy” rating and a $13.00 price objective for the company. FBR & Co restated a “buy” rating and set a $9.00 price objective on shares of FuelCell Energy in a research note 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 note on Monday, May 16th. Finally, Zacks Investment Research upgraded FuelCell Energy from a “sell” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Wednesday. Seven equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $12.94.
The stock’s market capitalization is $164.15 million. The firm’s 50 day moving average is $5.50 and its 200 day moving average is $6.02.
FuelCell Energy (NASDAQ:FCEL) last announced its quarterly earnings data on Wednesday, June 8th. The company reported ($0.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by $0.16. During the same period in the prior year, the company posted ($0.48) earnings per share. Equities research analysts forecast that FuelCell Energy Inc. will post ($1.67) 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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